Hong Kong, Asia's leading financial centre
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



2024 / 2025 Summits in Hong Kong & Singapore
Institutional Investor Summit / Roundtable - March / Oct / Nov
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept / Oct / Nov
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register


This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $30 billion.











Hong Kong SFC & Hong Kong Stock Exchange Took Joint Enforcement Action Against 2 Ex-Directors of GEM-Listed Company Global Uin Intelligence for Misconduct by Paying $750,000 for IPO Consultancy Services in 2020 But Payment was Rerouted to Joint Bank Account of 2 the Ex-Directors, 2 Directors are Singapore-Based Aris Goh Leong Heng & Anita Chia Hee Mei Who are Founders & Controlling Shareholders of Global Uin Intelligence

8th March 2024 | Hong Kong

The Hong Kong Securities & Futures Commission (SFC) and Hong Kong Stock Exchange (HKEX) have taken joint enforcement action against 2 ex-directors of Hong Kong Exchange GEM-listed company Global Uin Intelligence for misconduct by paying $750,000 (S$1 million) for IPO consultancy services in 2020 but payment was rerouted to joint bank account of 2 the ex-directors.  The 2 directors are Singapore-based Aris Goh Leong Heng & Anita Chia Hee Mei who are founders & controlling shareholders of Global Uin Intelligence.  Actions: “The statements in respect of Mr Goh and Ms Chia (EDs) above are made in addition to a public censure against them. The Director Unsuitability Statement is a statement that, in the Exchange’s opinion, Mr Goh and Ms Chia are unsuitable to occupy a position as director or within senior management of the Company or any of its subsidiaries.”  Hong Kong SFC: “Under the Exchange’s disciplinary action, Mr Aris Goh Leong Heng and Ms Anita Chia Hee Mei, the Singapore-residing founders, controlling shareholders and former executive directors of Global Uin Intelligence Holdings Limited (Global Uin Intelligence) were publicly censured.  The Exchange has stated that, in its opinion, both Goh and Chia are unsuitable to occupy positions as directors or within senior management of Global Uin Intelligence or any of its subsidiaries (Note 3).  The Exchange discovered that when Global Uin Intelligence was listed in May 2020, it paid the sum of SGD 1 million to an IPO consultant in Singapore for purported IPO consultancy services.  The payment caused the actual listing expenses to exceed the estimated listing expenses disclosed in the prospectus.  The Exchange then referred the matter to the SFC whose investigation found that the payment was subsequently rerouted by the IPO consultant to a joint bank account held by Goh and Chia in Singapore.  The SFC shared with the Exchange relevant fund tracing and other evidence it obtained regarding the payment.  Having considered all the evidence, the GEM Listing Committee has made findings that Goh and Chia misappropriated Global Uin Intelligence’s assets using the rerouting arrangement.  Although Goh and Chia subsequently procured the refund of the payment from the IPO consultant to Global Uin Intelligence, the GEM Listing Committee found them to have committed serious breaches of their fiduciary duties to the company and the Listing Rules.

“ Hong Kong SFC & Hong Kong Stock Exchange Took Joint Enforcement Action Against 2 Ex-Directors of GEM-Listed Company Global Uin Intelligence for Misconduct by Paying $750,000 for IPO Consultancy Services in 2020 But Payment was Rerouted to Joint Bank Account of 2 the Ex-Directors, 2 Directors are Singapore-Based Aris Goh Leong Heng & Anita Chia Hee Mei Who are Founders & Controlling Shareholders of Global Uin Intelligence “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
17th Oct Hong Kong | 7th Nov Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place on 17th Oct 2024 in Hong Kong, 7th Nov 2024 in Singapore. Every March, July, Sept, Oct & Nov.
Visit | Register here


The 2024 Family Office Summit
17th Oct Hong Kong St Regis | 7th Nov Singapore Amara Sanctuary Resort

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here


2024/2025 Institutional Investor Summit / Roundtable
March / Oct / Nov in Hong Kong & Singapore

Join CEOs, CIOs, Senior investment team from Sovereign Wealth Funds, Pension Funds, Endowments, Foundations & Charities in Hong Kong, Singapore & Asia-Pacific at the 2024 Institutional Investor Summit / Roundtable.   Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2024/2025 Investment / Alternatives Summit
March / Oct / Nov in Hong Kong & Singapore

Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2024/2025 Private Wealth Summit
April / Oct / Nov in Hong Kong & Singapore

Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit.  Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here





 

The SFC’s Executive Director of Enforcement, Christopher Wilson: “Under coordinated investigation, the SFC and the Exchange share information and intelligence in a timely manner so as to better allocate investigative resources to achieve our regulatory objectives.  This case demonstrated the success of this initiative, and we look forward to achieving quicker and more effective regulatory outcomes through coordinated investigations.”

HKEX Head of Enforcement, Jon Witts: “The Exchange and the SFC have been working closely together to combat IPO-related misconduct (Note 4).  Our collaboration and sharing of information creates an effective combination of the different powers of the two regulators.  We thank the SFC for their assistance, and look forward to further collaboration in our mission to maintain market quality and investor confidence.”

 

 

Hong Kong SFC & Hong Kong Stock Exchange Took Joint Enforcement Action Against 2 Ex-Directors of GEM-Listed Company Global Uin Intelligence for Misconduct by Paying $750,000 for IPO Consultancy Services in 2020 But Payment was Rerouted to Joint Bank Account of 2 the Ex-Directors, 2 Directors are Singapore-Based Aris Goh Leong Heng & Anita Chia Hee Mei Who are Founders & Controlling Shareholders of Global Uin Intelligence

Hong Kong, Asia’s leading financial centre

5th March 2024 – The Securities and Futures Commission (SFC) and the Stock Exchange of Hong Kong Limited (Exchange) have joined hands in an enforcement action that led to a disciplinary action by the Exchange against two former directors of a GEM-listed company for misconduct (Notes 1 & 2).  This enforcement action highlights the strategic coordination between the SFC and the Exchange for conducting investigations into cases of mutual concern, by leveraging the complementary investigative powers and regulatory tools at their disposal.

  • Under the Exchange’s disciplinary action, Mr Aris Goh Leong Heng and Ms Anita Chia Hee Mei, the Singapore-residing founders, controlling shareholders and former executive directors of Global Uin Intelligence Holdings Limited (Global Uin Intelligence) were publicly censured.  The Exchange has stated that, in its opinion, both Goh and Chia are unsuitable to occupy positions as directors or within senior management of Global Uin Intelligence or any of its subsidiaries (Note 3).
  • The Exchange discovered that when Global Uin Intelligence was listed in May 2020, it paid the sum of SGD 1 million to an IPO consultant in Singapore for purported IPO consultancy services.  The payment caused the actual listing expenses to exceed the estimated listing expenses disclosed in the prospectus.  The Exchange then referred the matter to the SFC whose investigation found that the payment was subsequently rerouted by the IPO consultant to a joint bank account held by Goh and Chia in Singapore.  The SFC shared with the Exchange relevant fund tracing and other evidence it obtained regarding the payment.
  • Having considered all the evidence, the GEM Listing Committee has made findings that Goh and Chia misappropriated Global Uin Intelligence’s assets using the rerouting arrangement.
  • Although Goh and Chia subsequently procured the refund of the payment from the IPO consultant to Global Uin Intelligence, the GEM Listing Committee found them to have committed serious breaches of their fiduciary duties to the company and the Listing Rules.

The SFC and the Exchange expressed their appreciation to the Monetary Authority of Singapore for its assistance in this case.  The SFC’s investigation into the suspected misappropriation by Goh and Chia is still ongoing.

Notes:

  1. The Stock Exchange of Hong Kong Limited is a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX).
  2. Under the Listing Rules, the Exchange may take various sanctions against the relevant parties involved in the breach of Listing Rules, including reputational, remedial and ancillary or operational sanctions.
  3. The company was listed on GEM on 18 May 2020 as Singapore Food Holdings Limited.  It subsequently changed its name to Global Dining Holdings Limited, then to its current name Global Uin Intelligence Holdings Limited.
  4. Please see the joint statement issued by the SFC and the Exchange on 20 May 2021.



Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers


    $20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM


    Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents


    2024 Investment Day Hong Kong 17th Oct2024 Investment Day Singapore 7th Nov2024 Family Office Summit Hong Kong 17th Oct2024 Family Office Summit Singapore 7th Nov2025 Events












    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • July 2024 - Hong Kong
    • July 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Oct 2024 - Hong Kong
    • Nov 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014