Orders and Exemptions

Decision Information

Decision Content

THE SECURITIES ACT

)

Order No. 7324

 

)

 

Sections 148, 19(5), 148.3, and 8

)

May 4, 2016

 

 

HONG LIANG ZHONG

                                                                            

WHEREAS:

 

(A)         On December 8, 2015, the British Columbia Securities Commission (“BCSC”) issued a Decision against Hong Liang Zhong (“BCSC Decision”);

 

(B)       On February 1, 2016, The Manitoba Securities Commission (“Commission”) issued a Notice of Hearing (“Notice”) giving notice of its intention to hold a hearing pursuant to section 148.4 of The Securities Act, R.S.M. 1988, c. S50 as amended (“Act”) to consider whether or not it was in the public interest to grant orders with respect to Hong Liang Zhong (“ZHONG”);

 

(C)       On May 4, 2016, this hearing matter came before a panel of the Commission;

 

(D)       Upon reviewing the documentary evidence and hearing the submissions of counsel for staff of the Commission, no one appearing for the respondent, and upon reviewing the Affidavit of Service, filed, and being satisfied as to service upon the respondent, the Commission is of the opinion that it is in the public interest to make this order.

 

IT IS ORDERED:

 

1.                            THAT, pursuant to section 148 of the Act, ZHONG cease trading in securities permanently.

 

2.                            THAT, pursuant to subsection 19(5) of the Act, subsection 19(1) of the Act, with respect to such of the trades referred to in that subsection, and subsection 19(2) of the Act, with respect to such of the securities referred to in that subsection, do not apply to ZHONG permanently.

 

3.                            THAT, pursuant to section 148.3 of the Act, ZHONG resign any position he holds as a director or officer of any issuer and be prohibited permanently from becoming or acting as a director or officer of any issuer.

 

4.                            THAT, pursuant to section 8 of the Act, ZHONG be prohibited from becoming or acting as a registrant permanently.

 

BY ORDER OF THE COMMISSION

 

                                                                                    Director

 You are being directed to the most recent version of the statute which may not be the version considered at the time of the judgment.