Mr Michael Ming Jinn Ho faced Downing Centre Local Court and entered a guilty plea to five counts of insider trading and one count of communicating inside information. The charges relate to Mr Ho's purchase and sale of Big Un Limited shares and options between 18 July 2016 and 10 February 2018. Mr Ho and associates invested a total of approximately $1.6 million in Big Un securities over this period.
The information was communicated to Mr Ho during a series of meetings and telephone conversations between Mr Ho and Big Un's CEO Richard Evertz throughout 2016 and 2017. Mr Ho has cooperated with ASCI's investigation.
Big Un was placed in a trading halt and suspended from quotation in February 2018. It was removed from the official ASX list in August 2018, and is now in liquidation.
ASIC's investigation concerning Big Un Limited and its officers and executives continues.
