Svmuu News: In the Futu Holdings and Tiger Securities U.S. stock options insider trading case, two defendants—an individual and an investment firm—had previously come forward; now, a third defendant has emerged in an effort to have his assets unfrozen.According to a statement filed with a U.S. court on July 23, the third defendant to come forward is Yang Jingyao, whose Chinese name is Yang Jingyao and who has been a resident of Hong Kong since 2020.Yang Jingyao stated, “My personal assets far exceed my personal debts,” and “I have no outstanding debts.” According to public filings with the Hong Kong Stock Exchange, the single largest shareholder of Hong Kong-listed Rongzun International—and the offeror in a previous mandatory general offer—is also named “Yang Jingyao.”
HKEXThe documents show that Yang Jingyao of Rongzun International is currently 32 years old, and his mother is a wealthy individual from mainland China.Yang Jingyao is described as a businessman and private investor who has long invested in listed securities, information technology companies, startups, and other financial assets through brokers and wholly-owned private investment companies established in Hong Kong and the British Virgin Islands.However, there is currently no public evidence indicating that the securities accounts or funds subject to the U.S. court injunction are related to the expiration of Rongzun International’s offer. (Caixin)