SFC Freezes $219M in Assets for KNT Share Manipulation

Detected March 25th, 2026

Summary

The Securities and Futures Commission (SFC) of Hong Kong has obtained a court order to freeze assets totaling up to $219 million. These assets are suspected to be involved in the manipulation of KNT shares.

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What changed

The SFC has successfully obtained a court order to freeze assets amounting to $219 million, which are believed to be linked to the manipulation of KNT shares. This action signifies a significant enforcement step by the SFC against suspected market manipulators.

Regulated entities and investors should be aware of this enforcement action as it highlights the SFC's commitment to combating share manipulation. While no specific compliance deadline is mentioned for external parties, this action underscores the importance of adhering to market integrity rules and avoiding any involvement in manipulative practices, as severe financial consequences and asset freezes can result.

What to do next

Review internal controls for potential market manipulation risks.
Ensure compliance with all securities trading regulations.

Penalties

Assets frozen up to $219 million.

Source document (simplified)

Page: SFC Enforcement News (HK)
Change summary: The SFC has obtained a court order to freeze assets up to $219 million, suspected to be involved in the manipulation of KNT shares. Read more in the SFC obtains court order to freeze assets worth up to $219 million belonging to suspected manipulators of KNT shares.
[INSERTS] SFC obtains court order to freeze assets worth up to $219 million belonging to suspected manipulators of KNT shares

Page context:
| Date | Company/Name | Action |
|------------|--------------------------|---------------------------------------------------|
| 25 Mar 2026| KNT Holdings Limited | SFC obtains court order to freeze assets worth up to $219 million belonging to suspected manipulators of KNT shares |
| 24 Mar 2026| LUI Pak Tong | SFC bans Lui Pak Tong for life and fines him $17.43 million for misconduct |
| 20 Mar 2026| CHAN HOI SHING, LI Po Ching | Hearing fixed for first criminal prosecution in District Court against securities fraud involving illegal short selling under SFO |
| 19 Mar 2026| KUO Che-Jung | SFC bans Kuo Che-jung for four and a half years and fines him $1 million |
| 12 Mar 2026| Not applicable | SFC and ICAC joint operation in alleged insider dealings and corruption involving senior executives of licensed corporations |
| 5 Mar 2026 | ZHANG Wei | SFC obtains compensation and disqualification orders against former executive director of Coolpad Group Limited |
| 26 Feb 2026| LAU Ka Ho, Andy | SFC bans Andy Lau Ka Ho for life |
| 24 Feb 2026| CHAN Ching Wa, CHAU CHI KWONG, LAM Cho Man | SFC obtains worldwide court orders in Hong Kong and England and Wales to freeze suspects' assets up to HK$4.3 million in alleged insider dealing |
| 12 Feb 2026| NG Ka hei | Retail trader sentenced in SFC's false trading case |
| 10 Feb 2026| AU Shuk Yee Sue, DOUGLAS Gary Drew, HUI Quincy Kwong Hei, LIU Andrew, LO Kan Sun, PHILLIPS Scott Allen, QUE Agustin V., SUEN Yick Lun Philip, WHITELAM Peter Temple | SFC obtains compensation and disqualification orders against former directors of Arta TechFin Corporation Limited |
| 9 Feb 2026 | CHAN NGAI SEE, HUI Pui Yan Betty, LAM Hin Fai, LI King Hong | [Masterminds jailed up to 24 months in sec...