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Sun Min to pay HK$15.6 million to investors

Chris Hamblin, Editor, London, 3 August 2017

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Insider dealer Sun Min has been ordered to pay restitution to 51 HNW investors affected by her handling of China Huiyuan Juice Group Limited (Huiyuan) shares after a prosecution by Hong Kong's Securities and Futures Authority.

The court granted the relevant order by consent in accordance with s213(2)(b) Securities and Futures Ordinance. Ms Sun not only has to pay the sum of HK$15,629,341 (US$2 million); she must also pay the SFC's legal costs and the fees of the administrators.

In March 2013, the Market Misconduct Tribunal (MMT) found that Ms Sun Min had engaged in insider dealing as defined by s270(1)(e) SFO through her purchase of 3,131,500 Huiyuan shares in August 2008. In September 2015, the SFC opened proceedings against her. Huiyuan was listed on the Main Board of the Stock Exchange of Hong Kong Ltd on 23 February 2007.

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