Partner in Imagination’s owner convicted of insider trading

A co-founder and partner in Canyon Bridge, the China-backed private equity firm which took over Imagination, has been convicted of insider trading by a New York federal court.

The insider trading relates to Canyon Bridge’s failed attempt to buy Lattice Semiconductor in 2016.

Benjamin Chow was found guilty of passing details of the proposed deal to a Hong Kong hedgie calked Michael Yin who used the information to make a profit of $5 million.

Chow will be sentenced in August.