Proceedings

PDF Version
PDF Version



IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF OVERSEA CHINESE FUND LIMITED
PARTNERSHIP, WEIZHEN TANG AND ASSOCIATES INC.,
WEIZHEN TANG CORP. AND WEIZHEN TANG


EXTENSION OF TEMPORARY ORDER
Subsections 127(7) and (8)



      WHEREAS on the 17th day of March, 2009, pursuant to subsections 127(1) and (5) of the Securities Act R.S.O. 1990, c. S.5, as amended (the “Act”), the Ontario Securities Commission (the "Commission") made the following temporary orders (the “Temporary Order”) against Oversea Chinese Fund Limited Partnership (“Oversea”), Weizhen Tang and Associates Inc. (“Associates”), Weizhen Tang Corp. (“Corp.”) and Weizhen Tang, (collectively the “Respondents”):
  1. that all trading in securities of Oversea, Associates and Corp. shall cease;
  2. that all trading by the Respondents shall cease; and
  3. that the exemptions contained in Ontario securities law do not apply to the Respondents;
      AND WHEREAS on March 17, 2009, pursuant to subsection 127(6) of the Act the Commission ordered that the Temporary Order shall expire on the 15th day after its making unless extended by order of the Commission;

      AND WHEREAS on March 18, 2009 the Commission issued a Notice of Hearing to consider, among other things, the extension of the Temporary Order, to be held on April 1, 2009 at 2:00 p.m.;

      AND WHEREAS the Notice of Hearing sets out that the Hearing is to consider, inter alia, whether, in the opinion of the Commission, it is in the public interest, pursuant to subsections 127(7) and (8) of the Act to extend the Temporary Order until such further time as considered necessary by the Commission;

      AND WHEREAS Staff of the Commission (“Staff”) have served the Respondents with copies of the Temporary Order, Notice of Hearing, and Staff’s supporting materials;

      AND WHEREAS counsel for the Respondents advised the Commission that the Respondents did not oppose the extension of the Temporary Order;

      AND WHEREAS the Commission considered the evidence and submissions before it;

      AND WHEREAS the Commission is of the opinion that it is in the public interest to make the Temporary Order;

      IT IS HEREBY ORDERED pursuant to subsection 127(8) of the Act that the Temporary Order is extended to September 10, 2009; and

      IT IS FURTHER ORDERED that the hearing in this matter is adjourned to September 9, 2009 at 10:00 a.m or as soon thereafter as the hearing can be held.

      DATED at Toronto this 1st day of April, 2009.



“Lawrence E. Ritchie"
Lawrence E. Ritchie