The Securities and Exchange Commission (SFC) today noted that the administrators appointed by the Court had distributed assets worth about $ 19 million this month as compensation to Hong Kong Wan Kiu Investment Company Limited (HKWK) customers after the approval of the first court.
This came after the court granted final exemptions – including a rehabilitation order in favor of HKWK’s affected customers, along with the appointment of administrators who appoint managers to retrieve and manage HKWK’s assets – in November 2022 after SFC.
SFC’s legal procedures have emerged from research after the detection of HKWK economic irregularities. SFC’s survey revealed that HKWK and its sole director and shareholder, Connie Sham Khi Rose, had sold HKWK’s customer titles without their authorization, abused the proceeds from sales and falsified customer statements to hide the transactions belonging to the unification.
The SFC then refers to the issue to the police for further investigation, which has led to the criminal prosecution of SHAM by the Ministry of Justice.
Criminal procedures in the High Court against Sham have completed. SHAM said guilty of abuse of about $ 58 million in HKWK’s assets between 2011 and 2019. On July 3, 2025, Sham, aged 88, was sentenced to 160 hours of Community service, while the court takes into account its remorse and the fact that it had already compensated their influenced HKWK customers.