The Securities and Futures Commission of Hong Kong obtained a court order to freeze assets of individuals suspected of trading in shares of Wancheng amounting to as high as HK$85.2 million.

The Hong Kong Court of First Instance issued an interim injunction in legal proceedings brought by the Securities and Futures Commission of Hong Kong under Section 213 of the Securities and Futures Ordinance against seven defendants accused of manipulating the shares of Wancheng Metal Packaging Company Limited (Wancheng) (now known as HK ENT INTL (08291)). Pursuant to the court's order, three defendants were prohibited from removing any assets within Hong Kong, or disposing of or diminishing the value of any assets within Hong Kong, up to HK$85.2 million. The interim injunction ensures that there are sufficient assets to comply with any restorative orders sought by the Securities and Futures Commission of Hong Kong in the event that the defendants in this legal proceeding are found to have violated relevant provisions of the Securities and Futures Ordinance. The interim injunction will remain in force until the next hearing on March 13, 2026. The aforementioned litigation is part of legal proceedings initiated by the Securities and Futures Commission of Hong Kong against a tightly organized suspected criminal group. The criminal group, comprised of the defendants and other group members, is alleged to have planned a complex "pump and dump" scheme involving Wancheng shares between December 22, 2020 and April 23, 2021. Meanwhile, criminal legal proceedings against four of the defendants are underway in the District Court, with the trial scheduled to commence on September 14, 2026.