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The Insider Dealing Tribunal has submitted to the Financial Secretary a report on its inquiry in relation to the listed securities of Cheong Ming Investments Limited (formerly Cheong Ming Holdings Limited).
The tribunal, under the chairmanship of Deputy High Court Judge Saunders, concluded its findings by a majority decision, that Mr Felix Yau Wing Yiu had not conducted insider dealing.
The tribunal reached the unanimous conclusion that Ms Gwennie Chen Kwon Yin and Mr Gabriel Tse Chi Wai had not engaged in insider dealing.
The tribunal will proceed to hear applications for costs on Friday, September 15, 2006, at 2.30pm.
The Cheong Ming inquiry involved three implicated parties and 16 witnesses, with a total of 16 actual hearing days.
The summary of the tribunal's report is attached.
Ends/Tuesday, September 5, 2006
Issued at HKT 16:30
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