date set for citic insider trading trial

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.

date set for citic insider trading trial

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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.

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