Grand Talents Group Announces SFC Court Application to Freeze Assets in Alleged Share Manipulation Case

Reuters
Oct 03
<a href="https://laohu8.com/S/08516">Grand Talents</a> Group Announces SFC Court Application to Freeze Assets in Alleged Share Manipulation Case

**Grand Talents Group Holdings Ltd. Announces SFC Legal Proceedings Related to Share Manipulation Allegations** Grand Talents Group Holdings Ltd. has announced that the Securities and Futures Commission (SFC) has applied for an interim order from the Hong Kong Court of First Instance to freeze assets intended for compensating investors allegedly affected by a sophisticated social media ramp-and-dump scheme involving the company's shares. The SFC's application is part of legal proceedings under section 213 of the Securities and Futures Ordinance against 16 defendants, accused of manipulating Grand Talents Group shares between June 2021 and June 2022. The company emphasized that no current directors are defendants in the case and stated that the proceedings have not adversely impacted its business operations. Further updates will be provided as the situation develops.

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