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Lay members of Insider Dealing Tribunal appointed
The Government today (Wednesday) announced that the Financial Secretary had appointed Mr Felix Chow Fu-kee and Mr Michael Sze Tsai-ping as lay members of the Second Division of the Insider Dealing Tribunal to hear the case related to Yanion International Holdings Ltd.
It was also announced that the Second Division would hold a preliminary hearing on the Yanion case on May 13.
Mr Chow is an accountant and has extensive experience in finance, investments, securities and insurance.
Mr Sze, also an accountant, is the managing director of a securities company.
Chairman of the Second Division of the Tribunal, Mr Justice Burrell, will preside over the inquiry.
At the preliminary hearing, the Tribunal will announce its terms of reference and procedures for the inquiry, state its duties and power, receive applications for representation and set a date for the main hearing.
The preliminary hearing will start at 10 am in Court No 16. eighth floor, Supreme Court Building.
The Yanion case is the fourth insider dealing case referred by the Financial Secretary to the Tribunal since the Securities (Insider Dealing) Ordinance came into effect in September 1991.
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Erroneous press report on PCS licence applications
The Government pointed out that the article which appeared on the front page of the Eastern Express today (Wednesday) contains a number of serious factual errors.
A spokesman said none of the top ranked bidders for personal communication services (PCS) has notified the Telecommunication Authority of any intention to withdraw their applications. On the contrary, all remain extremely keen to obtain their licences quickly.
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