STOCKS | Hong Kong Court Grants SFC Worldwide Asset Freeze Orders Against LET's Lu Yan Yi

Hong Kong’s Court of First Instance granted the Securities and Futures Commission (SFC) worldwide asset-freezing injunctions on June 11 against Lu Yan Yi, chairman, executive director and controlling shareholder of delisted LET Group Holdings Limited (LET) (former stock code: 1383) and its subsidiary Kaisun Holdings (former stock code: 0102), according to Ming Pao. The court also granted a worldwide asset-freezing injunction, under Chabra jurisdiction, against assets of Major Success Group Ltd, where Lu is the sole shareholder and director.