A recent court case highlights the dealings of Chen Lip Keong, controlling shareholder of Cambodian casino firm Nagacorp (3918). Given his numerous outside interests, and the ongoing pledges of shares, investors should be concerned about how much debt he might be carrying and the risk that he may need to, or be forced to, sell part or all of his stake in Nagacorp.
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Chen Lip Keong (Nagacorp CEO) v Evolution Master Fund Ltd: costs
HK Court of First Instance, 19-Jan-2011
Orgs
People
Chen Lip Keong (Nagacorp CEO) v Evolution Master Fund Ltd