The Securities and Futures Commission (SFC) has commenced proceedings of former chairman and non-executive director of Ding Ying Feng Holdings Groups International Limited and other 20 other individuals for allegedly manipulating shares of Ding Yi Feng between March 1 2018 and 14 September 2018.
The SFC issued restrictions notices to 17 brokers, freezing assets of defendants and prohibiting them from dealing with or processing certain assets held in their clients account that are related to suspected market manipulation of Ding Yi Feng shares without SFC prior written consent. The SFC appreciates support and assistance provided by China Regulatory Commission during investigation.
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