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Ex-Hong Kong Stock Exchange director charged with bribery over IPO application

( March 25, 2020, 09:09 GMT | Official Statement) -- MLex Summary: A former senior executive from the Hong Kong Stock Exchange has been charged with bribery and misconduct in public office. Hong Kong's Independent Commission Against Corruption, or ICAC, has accused Eugene Yeoh Kim-loong, the former joint-head of the IPO vetting team in the listing department of the HKEX, of receiving HK$2 million ($258,000) in bribes in return for remaining favorable to an IPO application from Shen You Holdings Limited. IPO consultant Richard Lum Chor-wah is accused of paying the bribes and has also been charged by the agency. The ICAC has also accused Yeoh of failing to disclose to the stock exchange a transfer to his wife of HK$9.15 million from Lum.The full statement from the ICAC follows. ...

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