Kevin XuThe High Court denied an investor's request to continue freezing the HK$320 million that he paid to an asset management firm and a fund to subscribe to Ant Group's new shares. The judge turned down Cheng's request as the defendant promised to lodge the HK$320 million with the court. The defendants include Swenson Global Opportunities Funds, Swenson Asset Management, Chan Sai-wing and Edward Sin Kin-hong. Chan Sai-wing is a responsible officer of Swenson Asset Management and Edward Sin a former CFO at prefabricated construction firm China Saite. Cheng agreed to invest HK$320 million in October in a fund under Swenson to subscribe to Ant's new shares, according to the writ.

Source: The Standard December 22, 2020 19:07 UTC