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Name: Wising Century Solartech Limited
Type: Unlicensed entities
Address(es): (i) 14/F, China Hong Kong Tower, 8 Hennessey Road, Wanchai, Hong Kong
(ii) Unit 507, 5/F, Chinachem Golden Plaza, 77 Mody Road, Tsim Sha Tsui East, Kowloon, Hong Kong
Website: www.wcsolartech.com
Remarks: The company’s Hong Kong addresses belong to two secretarial companies. It uses Hong Kong bank accounts in the names of EFTTE Limited, SAC Holdings Limited and FESM Holdings Limited for settlement. It appears to be associated with Rubin Dunn, the Alden Group, Paragon Advisors, DP Consulting Group, Kinetix Exploration Limited and DA Corporation Partners, other unlicensed entities on the Alert List.
Add date: 20 Feb 2017
Note: Unlicensed entities often use names similar to legitimate companies to confuse investors.
Unlicensed entities

Sometimes entities appear to target Hong Kong investors whilst not having been licensed to carry out regulated activities in Hong Kong. They often adopt names similar to legitimate financial institutions to confuse investors. Alternatively, such unlicensed entities may provide financial investment trading platforms on the Internet. If you deal with a company which is not licensed by the SFC, you may not be protected by the regulatory framework enforced by the SFC.

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