On 31 July 2026, Hong Kong’s Market Misconduct Tribunal (MMT) handed down its judgment in a case brought by the SFC. Sir Dickson Poon, former Group Executive Chairman of Dickson Concepts, and his investment holding company were found liable for insider dealing. While possessing price-sensitive non-public information that the firm would gain HK$1.15 billion from PayPal’s acquisition of Honey, they bought a total of 2.7565 million Dickson Concepts shares in batches before the news was disclosed to the market.
The tribunal also ruled that Dickson Concepts breached statutory timely disclosure obligations, as Sir Dickson Poon deliberately concealed the critical information and failed to inform the board until late December. His son Pearson Poon was held not responsible for the disclosure lapse.
The SFC’s Executive Director of Enforcement stated the ruling reinforces two core market rules: insiders must not trade with material undisclosed information, and listed firms must promptly release price-sensitive news. The SFC will continue to take firm action against insider trading and disclosure breaches that damage market integrity. The MMT will announce sanctions and related orders against Sir Dickson Poon, his holding company and Dickson Concepts at a later hearing.
Sources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=26PR121