Businesswoman Sun Min has been handed a record fine and costs totalling just under HK$24 million by the Market Misconduct Tribunal for insider trading in connection with Coca-Cola's failed bid to acquire the Hong Kong-listed China Huiyuan Juice Group in 2008.
The tribunal announced the HK$23.88 million penalty yesterday after Sun was convicted in March. Of the total, HK$21.15 million is her profit from the trade.
It is the highest fine ever imposed by the tribunal, chaired by Mr Justice Michael Hartmann, who tried the case along with two members of the public.
via Business feed http://www.scmp.com/business/companies/article/1235030/businesswoman-fined-hk24m-insider-trading
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