Hong Kong’s Court of First Instance ordered AMTD Global Markets Limited (AMTD, known as Orieniert Xyz Securities Limited and today known as Ooo Securities Group issued during the SFC series and the failure of SFC.
SFC surveys involved suspicious fraudulent or misleading programs and/or revealing false or misleading information in the original public offers of some listed companies where AMTD acted as a bookrunner, head of director and contractor.
The Court ordered AMTD to comply with pending requests at the relevant SFC notifications by January 19, 2026. In addition, the court ruled that the AMTD should be punished for contempt for the court by paying a fine for its previous non -compliance with notifications.
The amount of the fine will be determined later.
The court rejected AMTD’s explanations for not complying with warnings from the set deadlines, including the change of ownership and management of AMTD and the relocation or loss of its books and records, finding them were no reasonable excuses for non -compliance with notifications.
Mr Christopher Wilson, SFC’s Executive Director, said:
“SFC does not tolerate non -compliance with licensed SFO companies.