Members appointed to Insider Dealing Tribunal

    The Financial Secretary has appointed Mr Eric Ng Kwok Wai and Mr James Wardell as members to the Insider Dealing Tribunal to inquire into possible insider dealings in the listed securities of Founder Holdings Limited in 2001.

     Appointment of the two members was made pursuant to section 15(2) of the Securities (Insider Dealing) Ordinance.

     Mr Ng is a certified public accountant and is the Managing Director of Eric Ng CPA Limited.  Mr Wardell is a chartered accountant and is the Executive Chairman of Horwath Corporate Advisory Services Limited.  Both are familiar with the operation of Hong Kong's financial markets.

     They will sit on the tribunal under the chairmanship of Mr Justice Saunders, Judge of the Court of First Instance of the High Court.

     The preliminary hearing of the inquiry will start at 4pm on Monday (May 28) at the Insider Dealing Tribunal in Room 702, Tower Two, Lippo Centre, 89 Queensway, Hong Kong.

Ends/Friday, May 25, 2007
Issued at HKT 16:30