Tiger Asia allowed to continue trading in Hong Kong
The territory's Securities and Futures Commission will appeal last week's decision not to freeze the assets of the US hedge fund.
Hong Kong's Securities and Futures Commission will appeal last week's decision not to freeze HK$38.5 million ($4.9 million) of the assets of New York-based hedge fund Tiger Asia Management and to allow it to continue trading in the territory.
The Court of First Instance struck out the SFC’s proceedings against the firm and three of its senior officers. This followed a decision on June 21 that the Court did not have jurisdiction to find contraventions of the insider dealing and mar…
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