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CFO of delisted Chinese company jailed

CFO of delisted Chinese company jailed
May 18, 2021 â 4.07pm
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The former chief financial officer of Chinese wellness group Traditional Therapy Clinics, Zhonghan Wu, has been sentenced to almost two years in jail for manipulating his companyâs stock on the ASX.
Mr Wu was given a sentence of one year and 10 months after pleading guilty to market manipulation, after an investigation by the Australian Securities and Investments Commission found he had traded through multiple accounts in a bid to keep the share price of Traditional Therapy Clinics above its 50c-per-share IPO price.
Mr Wuâs trading took place shortly after the Chinese company listed on the ASX in August 2015, following a $15 million raising. The company is the owner of traditional therapeutic health and wellness clinics under the Fuqiao brand. ....

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CFO sentenced for market manipulation

CFO sentenced for market manipulation By Reporter 18 May 2021 The former CFO of a listed company has been sentenced to over three years’ imprisonment after pleading guilty to market manipulation and fraud. In a statement, ASIC said Zhonghan Wu, former chief financial officer of the ASX-listed Traditional Therapy Clinics (TTC), had been sentenced to one year and 10 months in prison for market manipulation, and two years and six months for fraud, in the District Court of NSW. Mr Wu has been ordered to attend community corrections for an intensive correction order assessment on 2 July in the District Court. Advertisement ); googletag.cmd.push(function() { googletag.display( div-gpt-ad-1606778578862-0 ); }); ....

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Exec jailed for ASX share market manipulation

Exec jailed for ASX share market manipulation
fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.

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China-Australia relations: Covid-19 probe spat adds to tiny capital pool to make Down Under the no-go market for Chinese IPOs

China-Australia relations: Covid-19 probe spat adds to tiny capital pool to make Down Under the no-go market for Chinese IPOs
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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