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date set for citic insider trading trial

20 Oct 11

The Eastern Magistrates Court in Hong Kong today set a date of 19 March, 2012 for the criminal trial of Chui Wing Nin, a former senior executive of CITIC Pacific.

The Eastern Magistrates Court in Hong Kong today set a date of 19 March, 2012 for the criminal trial of Chui Wing Nin, a former senior executive of CITIC Pacific.

As International Adviser reported earlier this year, the Securities and Futures Commission (SFC) alleges that Chui participated in insider trading in CITIC Pacific shares, prior to a profit warning issued in October 2008.

At a hearing in August, Chui, a former assistant director of the finance department at CITIC Pacific, pleaded not guilty to two counts of insider dealing.

Acting principal magistrate Gary Lam Kar-yan set the March trial for seven days. Chui remains on cash bail of $50,000.

Tags: Hong Kong

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.