The Hong Kong Securities and Futures Commission has initiated insider trading prosecution against Wong Po Ming.

On February 27th, the Hong Kong Securities and Futures Commission initiated criminal legal proceedings against businessman Wong Pak Ming (male) at the Eastern District Court, accusing him of insider trading in the shares of TRANSMIT ENT Limited (01326) (formerly known as SkyVision Entertainment). The Hong Kong Securities and Futures Commission alleged that between approximately August 25, 2017 and October 17, 2017, Wong Pak Ming allegedly induced or facilitated another person to trade in the shares of SkyVision Entertainment, of which he was the chairman and controlling shareholder at the time, and had access to inside information about the company. The defendant did not need to enter a plea, and the case was adjourned until March 27, 2025. Wong was granted bail on the condition that he: pay a bail of HKD 200,000; reside at the provided address and notify the police of any changes in residence; and notify the Hong Kong Securities and Futures Commission 24 hours before leaving Hong Kong. Records show that SkyVision Entertainment was listed on the Growth Enterprise Market of the Hong Kong Stock Exchange on October 31, 2012, and transferred to the Main Board of the Stock Exchange on January 9, 2015. In October 2017, Wong Pak Ming sold a 58.71% stake for HKD 486 million to Zhang Liang, son of R&F PROPERTIES (02777) co-chairman and CEO Zhang Li. After selling his controlling interest in SkyVision Entertainment, the company changed its name to TRANSMIT ENT Limited on March 13, 2018. In 2019, TRANSMIT ENT announced that its board of directors accepted Wong Pak Ming's resignation as an executive director, effective April 1, 2019, as he needed to devote more time to other business matters.