Ms Yik Fong Fong, the former executive director and chief executive officer of Hong-Kong-listed Chinese Energy Holdings, has had assets up to the value of S$25,899,750 frozen in Hong Kong in relation to a continuing insider-dealing investigation involving the shares of TeleEye Holdings.

The Securities and Futures Commission initiated proceedings under section 213 Securities and Futures Ordinance. The Court of First Instance granted it an interim order against Ms Yik Fong Fong, prohibiting her from removing the assets.

Two alleged associates of Yik, Ms Wei Juan and Mr Huang Yi, are also required under a consent order to pay into the court a total of S$12,949,875, which is equivalent to the profit that the SEC believes the three of them made by insider dealing.

The SFC alleges that Yik held confidential information concerning TeleEye and bought 22.72 million TeleEye shares through the securities accounts of Wei and Huang in March and April 2016. 'Disgorgement' of ill-gotten gains into the hands of wronged investors is definitely at the forefront of the regulator's mind.