The Insider Dealing Tribunal chaired by Justice McMahon has concluded the hearings for determining the profit gained or losses avoided by the person found to be an insider dealer in the insider dealing inquiry concerning Chinney Alliance Group Limited.

The tribunal orders that the only insider dealer, Joseph Lau, shall:

*not without leave of the Court of First Instance be a director, or a liquidator, or a receiver, or manager of the property of a listed company or of any other limited company, or in any way whether directly or indirectly be concerned or take part in the management of such a company for a period of four years; and

*pay to the Government of the Hong Kong Special Administrative Region a sum of $1,318,486 being the profit gained in the insider dealing, a penalty of $700,000 and a sum of $1.8 million being part of the expenses of the investigation and hearings.

A report on the penalty and consequential orders of the tribunal has been submitted to the Financial Secretary and distributed to all concerned parties.

The tribunal conducted the inquiry pursuant to a notice served by the then Financial Secretary on September 25, 2002, and submitted a report to the Financial Secretary on November 10, 2004. It concluded one implicated party had committed insider dealing.