▁the ▁offer ▁val ued ▁the ▁company ▁at ▁ 7 0 % ▁more ▁than ▁the ▁company ' s ▁market ▁value . ▁ ▁Ins ider ▁trad ing ▁sc andal ▁Upon ▁investig ating ▁susp icious ▁share ▁price ▁movements ▁in ▁the ▁run - up ▁to ▁the ▁announ cement , ▁the ▁SE C ▁alleg ed ▁that ▁board ▁member ▁Sir ▁David ▁Li , ▁one ▁of ▁Hong ▁Kong ' s ▁most ▁prominent ▁business men , ▁had ▁informed ▁his ▁close ▁friend ▁and ▁business ▁associate ▁Michael ▁Le ung ▁of ▁the ▁imp ending ▁offer . ▁Le ung ▁had ▁acted ▁on ▁this ▁information ▁by ▁telling ▁his ▁daughter ▁and ▁son - in - law , ▁who ▁re aped ▁an ▁US $ 8 . 2 ▁million ▁profit ▁from ▁the ▁ins ider ▁trad ing ▁transaction . ▁ ▁Corpor ate ▁govern ance ▁Prior ▁to ▁its ▁sale ▁to ▁News ▁Cor p , ▁the ▁last ▁members ▁of ▁the ▁board ▁of ▁direct ors ▁of ▁the ▁company ▁were : ▁Christopher ▁B anc ro ft , ▁Lewis ▁B . ▁Campbell , ▁Michael ▁Ele f ante , ▁John ▁Eng ler , ▁Har vey ▁Gol ub , ▁Les lie ▁Hill , ▁Ir v ine ▁H ock ad ay , ▁Peter ▁K ann , ▁David ▁Li , ▁M . ▁Peter ▁Mc Ph erson ▁( Ch air man ), ▁Frank ▁New man , ▁James ▁Ott away , ▁Elizabeth ▁Ste ele , ▁and ▁William ▁Ste ere . ▁ ▁See ▁also ▁ ▁Cl osing ▁mil est ones ▁of ▁the ▁Dow ▁Jones ▁Indust rial ▁A verage ▁List ▁of ▁assets ▁owned ▁by ▁Dow ▁Jones ▁ ▁References ▁ ▁External ▁links ▁ ▁Dow