Gelonghui, Feb. 26 | Today, the Hong Kong Securities Regulatory Commission announced that it has initiated legal proceedings against Sui Guangyi, the former chairman and non-executive director of Ding Yifeng Holding Group International Limited (Ding Yifeng), and 20 other persons in the court of first instance, alleging that they allegedly manipulated Ding Yifeng's shares between March 1, 2018 and September 14, 2018. The Hong Kong Securities Regulatory Commission earlier issued restraining notices to a total of 17 brokerage firms, freezing the assets of the defendants and prohibiting the brokerage firms concerned from handling certain assets held in their customer accounts without obtaining prior written consent from the SFC. Such accounts are related to suspected market manipulation activities involving Ding Yifeng shares. The relevant restraining notice remains in effect.
涉嫌操纵公司股份，香港证监会对鼎益丰前主席隋广义等展开法律程序
On suspicion of manipulating the company's shares, the Hong Kong Securities Regulatory Commission initiated legal proceedings against former Chairman Sui Guangyi and others
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