港股首例！除牌公司三名董事被判赔1.92亿港元，公众股东将获历来最高赔偿

Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) has secured a court order for the public shareholders of the delisted company, 康佰控股 (Kangbai Holdings), to receive the highest compensation in the form of a special dividend, following a settlement with key individuals involved in misconduct [1][2]. Group 1: Legal Proceedings and Compensation - The court ruling allows independent public shareholders to receive a special dividend of HKD 0.066 per share, which is 2.75 times higher than the last closing price before trading was suspended [2]. - A total of approximately HKD 192 million will be paid by the individuals involved to an independent manager appointed by the SFC and 康佰, to be redistributed to the shareholders [1][5]. - The SFC's actions are framed under the Securities and Futures Ordinance, emphasizing accountability for misconduct by company controllers [1][2]. Group 2: Misconduct and Investigation Findings - The SFC's investigation revealed that the individuals involved conspired to inflate the company's financials by acquiring fictitious businesses, leading to a loss of over HKD 293 million for 康佰 [3][4]. - The individuals, including a behind-the-scenes director and two former executive directors, were found to have engaged in serious misconduct, resulting in their disqualification from holding directorships for varying periods [2][4]. Group 3: Future Implications and Enforcement - The ruling sets a precedent for direct compensation to affected shareholders in the Hong Kong stock market, showcasing the SFC's commitment to protecting investor interests [2]. - The SFC has established measures to ensure that the compensation is paid, including the potential auction of assets if the individuals fail to comply with the payment order [6].