Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) has issued a temporary injunction against an individual suspected of manipulating the shares of Perpetual Agricultural Development Co., Ltd., ensuring that assets valued at approximately HKD 62.6 million are preserved pending legal proceedings [1][2]. Group 1 - The temporary injunction was issued by the court as part of legal proceedings initiated by the SFC under Section 213 of the Securities and Futures Ordinance [1]. - The individual in question is accused of manipulating the shares between September 7, 2018, and November 5, 2018, and is prohibited from disposing of or handling assets in certain securities and bank accounts [1]. - The injunction remains in effect until the SFC's legal proceedings under Section 213 are resolved or the court issues further orders [1]. Group 2 - The SFC indicated that this temporary injunction is part of a broader enforcement action targeting a well-organized "pump and dump" market manipulation scheme [2]. - The individual is one of five defendants currently facing criminal charges, with the trial set to commence on July 13, 2026, in the District Court [2]. - The defendants are charged with multiple offenses, including conspiracy to commit fraud and violations of the Securities and Futures Ordinance and/or the Crimes Ordinance [2].
香港证监会取得法庭命令冻结涉嫌操纵永续农业股份人士高达6260万港元的资产