Integrated Waste Solutions Group Holdings Limited Public Disciplinary Actions
Public Disciplinary Actions
Huizhou Fook Woo Paper Co Ltd v Great Continental Ltd
HK Court of First Instance, 16-Mar-2016
Relating to alleged non-payment for goods shipped between Apr-2010 and Sep-2011.
Orgs
Fook Woo Waste Paper Co Ltd v Leung Kai Kuen
HK Court of First Instance, 24-Sep-2015
Orgs
People
Fook Woo (0923): latest catalogue of irregularities
Company announcement, 17-Jan-2013
Orgs
Fook Woo (0923): forensic review finds more irregularities
Company announcement, 01-Nov-2012
Orgs
CNLC v LTY
HK District Court, 31-Jul-2012
This is undoubtedly Carol Cheung Nga-lai v Billy Leung Ting Yu. Mr Leung's father founded Fook Woo (0923), the troubled paper recycler. The son worked for the business until Jan-2011 and apparently got a HK$13m pay-off, although curiously the judgment says the father paid it. Ms Cheung is still an NED of Fook Woo.
Fook Woo (0923): board removes former Chairman as director
Company announcement, 08-Jun-2012
Orgs
People
Fook Woo (0923): senior management of subsidiary AWOL, terminated; books and records disappeared.
Company announcement, 02-May-2012
Orgs
Fook Woo (0923): unauthorised loan by subsidiary, Chairman's sister involved
Company announcement, 30-Mar-2012
How interesting that it has taken 4 months to discover that the Chairman was the source of the repayment. See the announcement of 2-Dec-2011 - the Chairman signed that announcement which stated that the source had "yet to be ascertained", but he must have known all along.
Just 6 months and 7 days after the company listed following an IPO at $2.30 per share. The announcement also reveals that Firstrate Enterprises Ltd, the owner of which has not been disclosed, will convert its HK$100m loan to Chairman, Leung Kai Koon, into 168.75m shares (6.86% of the enlarged issued shares), or about $0.593 per share. The loan was first made on 27-Nov-2007.