Hong Kong Court Sentenced Hong Kong Movie Producer & Businessman Raymond Wong Pak Ming to 5-Month Jail Term & $60,500 (HKD 474,025.48) Penalty in Fine & Investigation Costs for Insider Trading by Providing Share Sale Information to His Sister to Trade in Shares of Transmit Entertainment (Previously Pegasus Entertainment), Raymond Wong Pak Ming was Pegasus Chairman & Controlling Shareholder in 2017 & Signed MoU to Sell His Controlling Stake, Received $1.3 Million (HKD 10 Million) Deposit Which He Transferred $255,000 (HKD 2 Million) to His Sister to Buy Shares on Same Day and Subsequently Advised Sister to Buy More Shares to Earn More than $128,000 (HKD 1 Million) Profit
9th June 2026 | Hong Kong
Hong Kong court has sentenced Hong Kong movie producer & businessman Raymond Wong Pak Ming to 5-month jail term & $60,500 (HKD 474,025.48) penalty in fine & investigation costs for insider trading by providing share sale information to his sister to trade in shares of Transmit Entertainment (Previously Pegasus Entertainment). Raymond Wong Pak Ming was Pegasus Chairman & controlling shareholder in 2017, signed MoU to sell his controlling stake, and received $1.3 million (HKD 10 million) deposit which he transferred $255,000 (HKD2 million) to his sister to buy shares on same day and subsequently advised sister to buy more shares to earn more than $128,000 (HKD 1 million) profit. Announcement (9/6/26): “The West Kowloon Magistrates’ Court today sentenced well-known movie producer Mr Wong Pak Ming to five months of imprisonment, following his conviction of insider dealing in the shares of Pegasus Entertainment Holdings Limited (Pegasus) in a criminal prosecution brought by the Securities and Futures Commission (SFC) (Note 1). Following a 16-day trial, Wong was earlier convicted of deliberately misusing inside information obtained in his capacity as chairman and controlling shareholder of Pegasus, and advising his sister via multiple WhatsApp messages on the timing and the price to trade in the company’s shares before that information was disclosed to the market. He was ordered to pay a fine of $99,720, equivalent to the realised profits his sister earned from her dealing in Pegasus shares. He was also ordered to pay the SFC’s investigation costs of $374,305.48. The Court heard that, in 2017, while negotiations were underway for Wong to dispose of his controlling stake in Pegasus, he had knowledge of price-sensitive and non-public information about the transaction. On 25 August 2017, upon receipt of earnest money from the buyer, Wong began transferring funds to his sister who started buying Pegasus shares on the same day until 17 October 2017. Consequently, Wong’s sister purchased over nine million Pegasus shares, funded largely by monies Wong had transferred to her, at prices well below Pegasus’ ensuing market share price after the deal was announced on 25 October 2017. The SFC will continue to take firm enforcement action against insider dealing to protect investors and uphold confidence in Hong Kong’s financial markets. The Court granted Wong bail pending his appeal subject to the following conditions: (i) cash bail of $200,000; (ii) he shall reside at the home address provided and inform the Police prior to any change of residence; and (iii) he shall inform the SFC 24 hours prior to leaving Hong Kong.” In 2025 October, Hong Kong court insider dealing criminal case to start in 2025 November (14/11/25 to 10/12/25) on businessman Wong Pak Ming after pleading not guilty to insider trading by indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment), when he was Pegasus Chairman & controlling shareholder in 2017. Hong Kong Securities and Futures Commission (24/10/25): “The criminal trial of the insider dealing prosecution brought by the Securities and Futures Commission (SFC) against businessman Mr Wong Pak Ming has been fixed to take place from 14 November 2025 to 10 December 2025 at the Eastern Magistrates’ Court after today’s pre-trial hearing (Note 1). Wong has pleaded not guilty to the charge of insider dealing involving the shares of Transmit Entertainment Limited (formerly known as Pegasus Entertainment Holdings Limited) (Pegasus). Specifically, he allegedly counselled or procured another person to deal in the shares of Pegasus 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. Wong’s bail was extended by the Court today pending the next hearing on the following conditions: (i) cash bail of $200,000; (ii) he shall reside at the home address provided and inform the Police prior to any change of residence; and (iii) he shall inform the SFC 24 hours prior to leaving Hong Kong.” In 2025 August, the Hong Kong court will proceed to hear the insider dealing criminal case (20/11/25 to 12/12/25) on businessman Wong Pak Ming after pleading not guilty to insider trading by indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment) when he was Pegasus Chairman & controlling shareholder in 2017. Hong Kong Securities and Futures Commission (25/8/25): “The criminal trial of the insider dealing prosecution brought by the Securities and Futures Commission (SFC) against businessman Mr Wong Pak Ming is preliminarily fixed to take place from 20 November 2025 to 12 December 2025 after he pleaded not guilty to the charge against him today at the Eastern Magistrates’ Court. The Court adjourned the case to 24 October 2025 for a pre-trial review. Wong is charged with the offence of insider dealing involving the shares of Transmit Entertainment Limited (formerly known as Pegasus Entertainment Holdings Limited) (Pegasus). Specifically, he allegedly counselled or procured another person to deal in the shares of Pegasus 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. Wong’s bail was extended pending the next hearing on the following conditions: (i) cash bail of $200,000; (ii) he shall reside at the home address provided and inform the Police prior to any change of residence; and (iii) he shall inform the SFC 24 hours prior to leaving Hong Kong. In 2025 April, a Hong Kong court adjourned the insider dealing criminal proceedings against businessman Wong Pak Ming for suspected indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment) when he was Pegasus Chairman & controlling shareholder in 2017. Hong Kong Securities and Futures Commission (25/4/25): “The Eastern Magistrates’ Court has further adjourned the insider dealing case against Mr Wong Pak Ming to 5 June 2025 for mention in the criminal proceedings commenced by the Securities and Futures Commission (SFC) (Note 1). Wong is charged with the offence of insider dealing involving the shares of Transmit Entertainment Limited (formerly known as Pegasus Entertainment Holdings Limited) (Pegasus). He allegedly counselled or procured another person to deal in the shares of Pegasus 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. Wong’s bail was extended pending the next hearing on the following conditions: (i) cash bail of $200,000; (ii) he shall reside at the home address provided and inform the Police prior to any change of residence; and (iii) he shall inform the SFC 24 hours prior to leaving Hong Kong.” In 2025 February, the Hong Kong Securities and Futures Commission (SFC) started insider dealing criminal proceedings against businessman Wong Pak Ming for suspected indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment) when he was Pegasus Chairman & controlling shareholder in 2017. More info below:
” Hong Kong Court Sentenced Hong Kong Movie Producer & Businessman Raymond Wong Pak Ming to 5-Month Jail Term & $60,500 (HKD 474,025.48) Penalty in Fine & Investigation Costs for Insider Trading by Providing Share Sale Information to His Sister to Trade in Shares of Transmit Entertainment (Previously Pegasus Entertainment), Raymond Wong Pak Ming was Pegasus Chairman & Controlling Shareholder in 2017 & Signed MoU to Sell His Controlling Stake, Received $1.3 Million (HKD 10 Million) Deposit Which He Transferred $255,000 (HKD 2 Million) to His Sister to Buy Shares on Same Day and Subsequently Advised Sister to Buy More Shares to Earn More than $128,000 (HKD 1 Million) Profit “
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Michael Duignan, the SFC’s Executive Director of Enforcement: “This case highlights the serious consequence of abusing inside information for personal gain. The custodial sentence handed down by the Court underscores that insider dealing can result in immediate imprisonment. The outcome of this case sends a clear and unequivocal message to the public at large that wrongdoers exploiting inside information will face severe consequences and public accountability, regardless of their status or reputation.”
Notes:
- Pegasus was listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong on 31 October 2012. The listing was transferred to the Main Board on 9 January 2015. The company is now known as Transmit Entertainment Holdings Limited (stock code:1326).
- Please see the SFC’s press releases dated 27 February 2025, 27 March 2025, 25 April 2025, 5 June 2025, 25 August 2025, 24 October 2025 and 22 May 2026.
Hong Kong Court Convicts Hong Kong Movie Producer & Businessman Raymond Wong Pak Ming of Insider Trading by Providing Share Sale Information to His Sister to Trade in Shares of Transmit Entertainment (Previously Pegasus Entertainment), Raymond Wong Pak Ming was Pegasus Chairman & Controlling Shareholder in 2017 & Signed MoU to Sell His Controlling Stake, Received $1.3 Million (HKD 10 Million) Deposit Which He Transferred $255,000 (HKD 2 Million) to His Sister to Buy Shares on Same Day and Subsequently Advised Sister to Buy More Shares to Earn More than $128,000 (HKD 1 Million) Profit
24th May 2026 – A Hong Kong court has convicted Hong Kong movie producer & businessman Raymond Wong Pak Ming of insider trading by providing share sale information to his sister to trade in shares of Transmit Entertainment (Previously Pegasus Entertainment). Raymond Wong Pak Ming was Pegasus Chairman & controlling shareholder in 2017, signed MoU to sell his controlling stake, and received $1.3 million (HKD 10 million) deposit which he transferred $255,000 (HKD2 million) to his sister to buy shares on same day and subsequently advised sister to buy more shares to earn more than $128,000 (HKD 1 million) profit. Announcement (22/5/26): “The Eastern Magistrates’ Court today convicted well-known movie producer Mr Wong Pak Ming of insider dealing in the shares of Pegasus Entertainment Holdings Limited (Pegasus) in a criminal prosecution brought by the Securities and Futures Commission (SFC) (Note 1). The conviction, after a 16-day criminal trial, arises from Wong’s deliberate misuse of inside information acquired through his role as chairman and controlling shareholder of Pegasus and his decision to advise his sister to trade the company’s shares well before the inside information was disclosed to the market (Note 2). The Court adjourned the case to 9 June 2026 for sentencing. The Court heard that while negotiations were underway in 2017 for Wong to sell his controlling stake in Pegasus, he became aware of price‑sensitive and non‑public information, including the signing of a memorandum of understanding and the receipt of $10 million as earnest money from a potential buyer (Note 3). Upon receiving the earnest money on 25 August 2017, Wong immediately started to transfer $2 million in total to his sister who started buying Pegasus shares on the same day. From 30 August 2017 onwards, Wong sent multiple WhatsApp messages to his sister, advising her on the timing and the price to buy Pegasus shares. Consequently, between 25 August 2017 and 17 October 2017, Wong’s sister bought over nine million Pegasus shares at prices well below Pegasus’ ensuing market share price after the deal was announced on 25 October 2017 (Note 4). His sister paid for the vast majority of Pegasus shares she bought with the monies he had transferred to her. In arriving at the verdict, the Court found that Wong advised another person namely, his sister, to deal in Pegasus shares while he was the chairman and controlling shareholder of Pegasus and in possession of information which he knew was inside information in relation to Pegasus.” In 2025 October, Hong Kong court insider dealing criminal case to start in 2025 November (14/11/25 to 10/12/25) on businessman Wong Pak Ming after pleading not guilty to insider trading by indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment), when he was Pegasus Chairman & controlling shareholder in 2017. Hong Kong Securities and Futures Commission (24/10/25): “The criminal trial of the insider dealing prosecution brought by the Securities and Futures Commission (SFC) against businessman Mr Wong Pak Ming has been fixed to take place from 14 November 2025 to 10 December 2025 at the Eastern Magistrates’ Court after today’s pre-trial hearing (Note 1). Wong has pleaded not guilty to the charge of insider dealing involving the shares of Transmit Entertainment Limited (formerly known as Pegasus Entertainment Holdings Limited) (Pegasus). Specifically, he allegedly counselled or procured another person to deal in the shares of Pegasus 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. Wong’s bail was extended by the Court today pending the next hearing on the following conditions: (i) cash bail of $200,000; (ii) he shall reside at the home address provided and inform the Police prior to any change of residence; and (iii) he shall inform the SFC 24 hours prior to leaving Hong Kong.” In 2025 August, the Hong Kong court will proceed to hear the insider dealing criminal case (20/11/25 to 12/12/25) on businessman Wong Pak Ming after pleading not guilty to insider trading by indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment) when he was Pegasus Chairman & controlling shareholder in 2017. Hong Kong Securities and Futures Commission (25/8/25): “The criminal trial of the insider dealing prosecution brought by the Securities and Futures Commission (SFC) against businessman Mr Wong Pak Ming is preliminarily fixed to take place from 20 November 2025 to 12 December 2025 after he pleaded not guilty to the charge against him today at the Eastern Magistrates’ Court. The Court adjourned the case to 24 October 2025 for a pre-trial review. Wong is charged with the offence of insider dealing involving the shares of Transmit Entertainment Limited (formerly known as Pegasus Entertainment Holdings Limited) (Pegasus). Specifically, he allegedly counselled or procured another person to deal in the shares of Pegasus 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. Wong’s bail was extended pending the next hearing on the following conditions: (i) cash bail of $200,000; (ii) he shall reside at the home address provided and inform the Police prior to any change of residence; and (iii) he shall inform the SFC 24 hours prior to leaving Hong Kong. In 2025 April, a Hong Kong court adjourned the insider dealing criminal proceedings against businessman Wong Pak Ming for suspected indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment) when he was Pegasus Chairman & controlling shareholder in 2017. Hong Kong Securities and Futures Commission (25/4/25): “The Eastern Magistrates’ Court has further adjourned the insider dealing case against Mr Wong Pak Ming to 5 June 2025 for mention in the criminal proceedings commenced by the Securities and Futures Commission (SFC) (Note 1). Wong is charged with the offence of insider dealing involving the shares of Transmit Entertainment Limited (formerly known as Pegasus Entertainment Holdings Limited) (Pegasus). He allegedly counselled or procured another person to deal in the shares of Pegasus 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. Wong’s bail was extended pending the next hearing on the following conditions: (i) cash bail of $200,000; (ii) he shall reside at the home address provided and inform the Police prior to any change of residence; and (iii) he shall inform the SFC 24 hours prior to leaving Hong Kong.” In 2025 February, the Hong Kong Securities and Futures Commission (SFC) started insider dealing criminal proceedings against businessman Wong Pak Ming for suspected indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment) when he was Pegasus Chairman & controlling shareholder in 2017. More info below:
Notes:
- Pegasus was listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong on 31 October 2012. The listing was transferred to the Main Board on 9 January 2015. The company is now known as Transmit Entertainment Holdings Limited (stock code:1326).
- Please see the SFC’s press releases dated 27 February 2025, 27 March 2025, 25 April 2025, 5 June 2025, 25 August 2025 and 24 October 2025.
- Earnest money is a sum of money paid by a potential buyer to the seller to demonstrate serious intent to purchase the seller’s assets.
- Wong’s sister did not sell all of these shares immediately after the announcement on 25 October 2017. Based on the SFC’s calculations using Pegasus’ post-announcement share price, it was estimated that she earned profits (including the realised and the notional) of more than HK$1 million from these transactions.
Hong Kong Court Insider Dealing Criminal Case to Start in 2025 November (14/11/25 to 10/12/25) on Businessman Wong Pak Ming after Pleading Not Guilty to Insider Trading by Indirect Dealing in Shares of Transmit Entertainment (Previously Pegasus Entertainment) When he was Pegasus Chairman & Controlling Shareholder in 2017
25th October – Hong Kong court insider dealing criminal case to start in 2025 November (14/11/25 to 10/12/25) on businessman Wong Pak Ming after pleading not guilty to insider trading by indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment), when he was Pegasus Chairman & controlling shareholder in 2017. Hong Kong Securities and Futures Commission (24/10/25): “The criminal trial of the insider dealing prosecution brought by the Securities and Futures Commission (SFC) against businessman Mr Wong Pak Ming has been fixed to take place from 14 November 2025 to 10 December 2025 at the Eastern Magistrates’ Court after today’s pre-trial hearing (Note 1). Wong has pleaded not guilty to the charge of insider dealing involving the shares of Transmit Entertainment Limited (formerly known as Pegasus Entertainment Holdings Limited) (Pegasus). Specifically, he allegedly counselled or procured another person to deal in the shares of Pegasus 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. Wong’s bail was extended by the Court today pending the next hearing on the following conditions: (i) cash bail of $200,000; (ii) he shall reside at the home address provided and inform the Police prior to any change of residence; and (iii) he shall inform the SFC 24 hours prior to leaving Hong Kong.” In 2025 August, the Hong Kong court will proceed to hear the insider dealing criminal case (20/11/25 to 12/12/25) on businessman Wong Pak Ming after pleading not guilty to insider trading by indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment) when he was Pegasus Chairman & controlling shareholder in 2017. Hong Kong Securities and Futures Commission (25/8/25): “The criminal trial of the insider dealing prosecution brought by the Securities and Futures Commission (SFC) against businessman Mr Wong Pak Ming is preliminarily fixed to take place from 20 November 2025 to 12 December 2025 after he pleaded not guilty to the charge against him today at the Eastern Magistrates’ Court. The Court adjourned the case to 24 October 2025 for a pre-trial review. Wong is charged with the offence of insider dealing involving the shares of Transmit Entertainment Limited (formerly known as Pegasus Entertainment Holdings Limited) (Pegasus). Specifically, he allegedly counselled or procured another person to deal in the shares of Pegasus 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. Wong’s bail was extended pending the next hearing on the following conditions: (i) cash bail of $200,000; (ii) he shall reside at the home address provided and inform the Police prior to any change of residence; and (iii) he shall inform the SFC 24 hours prior to leaving Hong Kong. In 2025 April, a Hong Kong court adjourned the insider dealing criminal proceedings against businessman Wong Pak Ming for suspected indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment) when he was Pegasus Chairman & controlling shareholder in 2017. Hong Kong Securities and Futures Commission (25/4/25): “The Eastern Magistrates’ Court has further adjourned the insider dealing case against Mr Wong Pak Ming to 5 June 2025 for mention in the criminal proceedings commenced by the Securities and Futures Commission (SFC) (Note 1). Wong is charged with the offence of insider dealing involving the shares of Transmit Entertainment Limited (formerly known as Pegasus Entertainment Holdings Limited) (Pegasus). He allegedly counselled or procured another person to deal in the shares of Pegasus 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. Wong’s bail was extended pending the next hearing on the following conditions: (i) cash bail of $200,000; (ii) he shall reside at the home address provided and inform the Police prior to any change of residence; and (iii) he shall inform the SFC 24 hours prior to leaving Hong Kong.” In 2025 February, the Hong Kong Securities and Futures Commission (SFC) has started insider dealing criminal proceedings against businessman Wong Pak Ming for suspected indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment) when he was Pegasus Chairman & controlling shareholder in 2017.
Hong Kong Court to Proceed with Insider Dealing Criminal Case (20/11/25 to 12/12/25) on Businessman Wong Pak Ming after Pleading Not Guilty to Insider Trading by Indirect Dealing in Shares of Transmit Entertainment (Previously Pegasus Entertainment) When he was Pegasus Chairman & Controlling Shareholder in 2017
26th August – The Hong Kong court will proceed to hear the insider dealing criminal case (20/11/25 to 12/12/25) on businessman Wong Pak Ming after pleading not guilty to insider trading by indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment) when he was Pegasus Chairman & controlling shareholder in 2017. Hong Kong Securities and Futures Commission (25/8/25): “The criminal trial of the insider dealing prosecution brought by the Securities and Futures Commission (SFC) against businessman Mr Wong Pak Ming is preliminarily fixed to take place from 20 November 2025 to 12 December 2025 after he pleaded not guilty to the charge against him today at the Eastern Magistrates’ Court. The Court adjourned the case to 24 October 2025 for a pre-trial review. Wong is charged with the offence of insider dealing involving the shares of Transmit Entertainment Limited (formerly known as Pegasus Entertainment Holdings Limited) (Pegasus). Specifically, he allegedly counselled or procured another person to deal in the shares of Pegasus 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. Wong’s bail was extended pending the next hearing on the following conditions: (i) cash bail of $200,000; (ii) he shall reside at the home address provided and inform the Police prior to any change of residence; and (iii) he shall inform the SFC 24 hours prior to leaving Hong Kong. In 2025 April, a Hong Kong court adjourned the insider dealing criminal proceedings against businessman Wong Pak Ming for suspected indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment) when he was Pegasus Chairman & controlling shareholder in 2017. Hong Kong Securities and Futures Commission (25/4/25): “The Eastern Magistrates’ Court has further adjourned the insider dealing case against Mr Wong Pak Ming to 5 June 2025 for mention in the criminal proceedings commenced by the Securities and Futures Commission (SFC) (Note 1). Wong is charged with the offence of insider dealing involving the shares of Transmit Entertainment Limited (formerly known as Pegasus Entertainment Holdings Limited) (Pegasus). He allegedly counselled or procured another person to deal in the shares of Pegasus 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. Wong’s bail was extended pending the next hearing on the following conditions: (i) cash bail of $200,000; (ii) he shall reside at the home address provided and inform the Police prior to any change of residence; and (iii) he shall inform the SFC 24 hours prior to leaving Hong Kong.” In 2025 February, the Hong Kong Securities and Futures Commission (SFC) has started insider dealing criminal proceedings against businessman Wong Pak Ming for suspected indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment) when he was Pegasus Chairman & controlling shareholder in 2017.
Hong Kong Court Adjourns Insider Dealing Criminal Case (5/6/25) Against Businessman Wong Pak Ming for Suspected Indirect Dealing in Shares of Transmit Entertainment (Previously Pegasus Entertainment) When he was Pegasus Chairman & Controlling Shareholder in 2017
26th April 2025 – A Hong Kong court has adjourned the insider dealing criminal proceedings against businessman Wong Pak Ming for suspected indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment) when he was Pegasus Chairman & controlling shareholder in 2017. Hong Kong Securities and Futures Commission (25/4/25): “The Eastern Magistrates’ Court has further adjourned the insider dealing case against Mr Wong Pak Ming to 5 June 2025 for mention in the criminal proceedings commenced by the Securities and Futures Commission (SFC) (Note 1). Wong is charged with the offence of insider dealing involving the shares of Transmit Entertainment Limited (formerly known as Pegasus Entertainment Holdings Limited) (Pegasus). He allegedly counselled or procured another person to deal in the shares of Pegasus 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. Wong’s bail was extended pending the next hearing on the following conditions: (i) cash bail of $200,000; (ii) he shall reside at the home address provided and inform the Police prior to any change of residence; and (iii) he shall inform the SFC 24 hours prior to leaving Hong Kong.” In 2025 February, the Hong Kong Securities and Futures Commission (SFC) has started insider dealing criminal proceedings against businessman Wong Pak Ming for suspected indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment) when he was Pegasus Chairman & controlling shareholder in 2017.
Hong Kong SFC Starts Insider Dealing Criminal Proceedings Against Businessman Wong Pak Ming for Suspected Indirect Dealing in Shares of Transmit Entertainment (Previously Pegasus Entertainment) When he was Pegasus Chairman & Controlling Shareholder in 2017
28th February 2025 – The Hong Kong Securities and Futures Commission (SFC) has started insider dealing criminal proceedings against businessman Wong Pak Ming for suspected indirect dealing in shares of Transmit Entertainment (Previously Pegasus Entertainment) when he was Pegasus Chairman & controlling shareholder in 2017. Hong Kong SFC (27/2/25): “The Securities and Futures Commission (SFC) today commenced criminal proceedings at the Eastern Magistrates’ Court against businessman Mr Wong Pak Ming for insider dealing involving the shares of Transmit Entertainment Limited (formerly known as Pegasus Entertainment Holdings Limited) (Pegasus) (Notes 1 and 2). Wong is suspected to have counselled or procured another person to deal in the shares of Pegasus 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. No plea was taken and the Court adjourned the case to 27 March 2025. Wong was granted bail on the following conditions: (i) cash bail of $200,000; (ii) he shall reside at the home address provided and inform the Police prior to any change of residence; and (iii) he shall inform the SFC 24 hours prior to leaving Hong Kong.”
“ Hong Kong SFC Starts Insider Dealing Criminal Proceedings Against Businessman Wong Pak Ming for Suspected Indirect Dealing in Shares of Transmit Entertainment (Previously Pegasus Entertainment) When he was Pegasus Chairman & Controlling Shareholder in 2017 “
Note:
- Insider dealing constitutes an offence contrary to section 291 of the Securities and Futures Ordinance.
- Pegasus was listed on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (SEHK) on 31 October 2012 and was transferred to the Main Board of SEHK on 9 January 2015. It was renamed Transmit Entertainment Limited from 13 March 2018 after Wong disposed of his controlling stake in Pegasus.
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