View PDF Authored by: Peter So and Ellie Fong In a recent long-anticipated decision by the Hong Kong Market Misconduct Tribunal (Tribunal), the Tribunal held the former chairman and former CEO of China Forestry Holdings Company Limited (Company) liable for market misconduct under the Securities and Futures Ordinance (Cap. 571) (SFO). Background The Company was listed on the Hong Kong Stock Exchange on 3 December 2009 and raised over HK$1,677.6 million through its initial public offering (IPO).