Hong Kong’s Securities and Futures Commission said it has lifted an asset freezing order against Lo Kai Bong and Major Success Group Limited after the two paid $146.9 million to the court. The regulator said the freeze had originally been imposed as part of related legal proceedings. No further details were provided in the brief notice. The update centers on the removal of the restriction following the court payment and identifies the parties involved, the amount paid, and the fact that the order came from the SFC during the legal process. The announcement did not disclose additional background on the case beyond those points.
Hong Kong’s Securities and Futures Commission said it has lifted an asset freezing order against Lo Kai Bong and Major Success Group Limited after they paid $146.9 million to the court.
The freezing order had been issued by the SFC in related legal proceedings.
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