Order: Oasis World Trading Inc (Re)
IN THE MATTER OF
OASIS WORLD TRADING INC.,
ZHEN (STEVEN) PANG, and RIKESH MODI
File No. 2023-38
Adjudicators:
Mary Condon (chair of the panel)
Andrea Burke
Sandra Blake
June 4, 2025
ORDER
WHEREAS on June 2, 2025, the Capital Markets Tribunal held a hearing at 20 Queen Street West, 17th Floor, Toronto, Ontario, and considered a request from the respondents to set a schedule for the hearing of a motion to stay this proceeding against them (Stay Motion) and vacate existing merits hearing dates in this proceeding;
ON HEARING the submissions of the representatives of the Ontario Securities Commission and of the respondents, and on reading further correspondence from the parties following the hearing;
IT IS ORDERED, for reasons to follow, that:
- the respondents shall serve and file their Stay Motion, and accompanying motion record, by 4:30 p.m. on June 6, 2025;
- the Commission shall serve and file any responding motion record, by 4:30 p.m. on June 13, 2025;
- the respondents shall serve and file written submissions by 4:30 p.m. on
June 20, 2025; - the Commission shall serve and file written responding submissions by 4:30 p.m. on June 27, 2025;
- the Stay Motion shall be heard on July 4, 2025, at 9:00 a.m., by videoconference, or as may be agreed to by the parties and set by the Governance & Tribunal Secretariat; and
- the merits hearing dates of June 5, 6, 9, 10 and 11, 2025, are vacated.
“Mary Condon”
Mary Condon
Mary Condon
“Andrea Burke”
Andrea Burke
Andrea Burke
“Sandra Blake”
Sandra Blake
Sandra Blake