Jailed businesswoman Lily Chiang Lai-lei yesterday walked free on parole, tight-lipped about the chances of her winning an appeal against her conviction over a HK$3 million share-option scam.
- Wed
- Jun 19, 2013
- Updated: 11:29pm
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High-profile businesswoman Lily Chiang Lai-lei, on trial for fraud, was accused yesterday of concealing from a potential buyer of her company a share option that would have diluted the buyer's...
A series of transactions related to brokerage firm Pacific Challenge Holdings in February 2000 and January 2001 has plagued Lily Chiang Lai-lei for seven years.
An aggrieved shareholder has vowed to continue legal action against Pacific Challenge Holdings and chairwoman Lily Chiang despite the success of a takeover bid for the firm.
Pacific Challenge Holdings has slammed a takeover offer for the company as 'incoherent' and urged shareholders to 'attach little credence to the proposal'. The offer by two directors of Yu Ming...
The controversial sale of a controlling stake in SAR-listed Pacific Challenge Holdings has been postponed again.
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