Hong Kong producer Raymond Wong found guilty of HK$1 million insider trading

Hong Kong film producer Raymond Wong Pak-ming was found guilty of insider trading after sharing confidential information with his sister Jenny Wong about shares in Transmit Entertainment, a company he chaired. The illegal trading resulted in over HK$1 million in profits for his sister. Magistrate Ko Wai-hung ruled that Wong's explanations for his communications were absurd and illogical.