SFC Freezing Orders Lifted After HK$146.9M Court Payment

Hong Kong’s Securities and Futures Commission has lifted worldwide freezing orders against Lo Kai Bong and Major Success Group Limited after HK$146,859,320 was paid into court. Lo, chairman, executive director and controlling shareholder of LET Group Holdings Limited and Summit Ascent Holdings Limited, made the payment with Major Success on October 20, 2026. The amount matches the value previously covered by the asset restrictions. The orders formed part of proceedings brought by the SFC under section 214 of the Securities and Futures Ordinance against Lo, LET and Summit Ascent over suspected corporate misconduct.