Officials of China Metal Recycling (Holdings) Limited at the company’s listing ceremony at the Hong Kong stock exchange in 2009. Photo: SCMP

Founder and manager of China Metal Recycling accused of making bogus transactions worth more than HK$4.2 billion to get listed on Hong Kong stock exchange

  • If stock exchange knew that the company’s financial data were false, it would not have allowed listing, says prosecutor Newman Wong
  • But company co-founder Lai Wun-yin and administration manager Choy Ling-ling deny allegation and plead not guilty to conspiracy to defraud
Topic |   Trade

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Officials of China Metal Recycling (Holdings) Limited at the company’s listing ceremony at the Hong Kong stock exchange in 2009. Photo: SCMP
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