Tuesday, October 23, 2012

VST chairman found guilty of rigging share price





Hong Kong-listed VST Holdings chairman Li Jialin was yesterday convicted in the District Court of manipulating the price of his company's shares.


After an eight-day trial last month before Judge Douglas Yau, Li was convicted of 10 counts of price rigging and 16 counts of failure to disclose his interest in shares of VST, a mainland-based distributor of information-technology products, in accordance with the Securities and Futures Ordinance.









via Business feed http://www.scmp.com/business/companies/article/1067507/vst-chairman-found-guilty-rigging-share-price

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