The Hong Kong Securities and Futures Commission (SFC) and the Independent Commission Against Corruption (ICAC) conducted a joint operation today involving two companies listed on The Stock Exchange of Hong Kong Limited on suspicion that their shares were being manipulated from December 2022 to August 2023. The SFC and the ICAC searched 14 premises suspected of links to the market manipulation case. In the joint operation, the ICAC also arrested one core member of the suspected syndicate under the Prevention of Bribery Ordinance. The investigation revealed that an extremely well-organised syndicate was suspected of ... (full story)