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Wong Pak-ming was investigated by the Hong Kong Independent Commission Against Corruption for his involvement in the insider trading case of Tianma Films. After trial, he was found guilty of insider trading in June this year and sentenced to five months in prison.
[Entertainment Channel/Comprehensive Report] The 80-year-old Hong Kong filmmaker and former "Happy Ghost" actor Wong Pak-ming was sentenced to five months in prison in June this year for being involved in the insider trading case of his subsidiary Tianma Pictures (now known as Delivery Entertainment). He was originally released on bail pending appeal. Unexpectedly, he voluntarily revoked his guarantee a week later and was immediately imprisoned to serve his sentence. Hong Kong media recently reported that he had been released from prison after serving his sentence and spent the Mid-Autumn Festival in a low-key manner.
It is reported that Huang Baiming has been released from prison in a low-key manner. (Provided by Hong Kong Sing Tao Daily)
Reports pointed out that Huang Baiming was released from prison recently and was in time to spend the Mid-Autumn Festival with his family. However, he, who has always been active in the Hong Kong film industry, has kept a low profile since his release from prison and has not disclosed his current situation on social platforms. It was not until recently that someone witnessed him appearing in Causeway Bay, Hong Kong, having lunch with friends, that the outside world learned that he was free.
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Wong Pak-ming was investigated by the Hong Kong Independent Commission Against Corruption for his involvement in the Tianma Film and Television equity transaction. After trial, he was found guilty of insider trading in June this year and sentenced to five months in prison. It is reported that when he was negotiating the sale of Tianma Film and Television, he instructed his sister to buy the company's stocks at a specified time and price. During the period involved, he even asked the other party to "buy before the market closes" and "buy as much as possible."
After being sentenced, Huang Baiming was originally released on bail pending appeal. However, about a week later, he took the initiative to revoke the guarantee and was immediately jailed to serve his sentence that day. Now that it is reported that he has been released from prison after serving his sentence, Hong Kong media pointed out that according to relevant laws, inmates who perform well during their sentence can receive up to one-third of their sentence reduced. Therefore, based on Huang Baiming's original sentence of 5 months, the actual time served is about more than 3 months.
Now that he has been sentenced in the insider trading case and completed his sentence, Huang Baiming is currently keeping a low profile and has not publicly disclosed his work arrangements after his release from prison.

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