第4题：Sid is a director of two listed public companies in which he has substantial shareholdings: TrendCo and UmberCo.The annual reports of both TrendCo and UmberCo have just been drawn up although not yet disclose
D、They show that, TrendCo has made a surprisingly big loss and that UmberCo has made an equally surprising big profit. On the basis of this information Sid sold his shares in TrendCo and bought shares in UmberCo. He also advised his brother to buy shares in UmberCo.Vic who is also a shareholder in both companies sold a significant number of shares in UmberCo only the day before its annual report was publishe
D、Required: (a)Analyse the above scenario from the perspective of the law relating to insider dealing; (8 marks) |
