Members of Plowman Chambers act for the Securities and Futures Commission in the insider dealing trial against movie producer Raymond Wong Pak Ming (黃栢鳴)
- May 27
- 1 min read
On 22 May 2026, well-known movie producer Mr Raymond Wong Pak Ming was convicted of insider dealing in a criminal prosecution brought by the Securities and Futures Commission.
The Defendant faced one count of insider dealing, contrary to section 291(1)(b) of the Securities and Futures Ordinance, Cap. 571. He was said to have counselled or procured another person to deal in the shares of Pegasus Entertainment Holdings Limited around 25 August 2017 to 17 October 2017 while he was the chairman and the controlling shareholder of Pegasus and having information which he knew was inside information in relation to Pegasus.
At trial, the Defendant challenged the admissibility of the WhatsApp messages retrieved during the investigation, and disputed whether the alleged inside information was specific and price sensitive. In convicting the Defendant, the Court accepted that the reception of the WhatsApp messages was conducive to a fair trial and reconcilable with the rights concerned. The Court also accepted the information concerned was specific and price sensitive.
Derek Chan SC, leading Mr. Stephen Siu acted for the Securities and Futures Commission, with Mr. Kasper Fan assisting.
The press release of SFC can be viewed here:
See Derek’s profile here: https://www.plowmanchambers.com/team/derek-chan-sc
See Stephen’s profile here: https://www.plowmanchambers.com/team/stephen-siu
See Kasper’s profile here:https://www.plowmanchambers.com/team/kasper-y.-c.-fan