AMTD Chairman Calvin Choi Chi Kin loses appeal: banned by SFC for 2 years
SFC
SFC, 29-Sep-2023
The SFC's investigation followed the Webb-site article "Hiding behind the cornerstones" of 3-Oct-2016, which also featured a number of other dubious transactions.
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People
Investment bank behind 32,000% IPO probed by SFC
Bloomberg, 18-Aug-2022
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People
Calvin Choi Chi Kin v SFC
SFAT, 29-Apr-2022
The Chairman & CEO of AMTD applies for anonymity in his appeal and is refused. The SFC has ordered him banned for 2 years for breaches of the Code of Conduct. The substantive appeal will be heard later. The subject matter appears to relate to our article "Hiding behind the cornerstones" of 3-Oct-2016.
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Calvin Choi's Infinity Power Investments Ltd subscribes B-shares in AMTD International Inc.
Company filing, 19-Dec-2019
US$38.25m for 4,526,627 B-shares at $8.45 each. Mr Choi is the Chairman and CEO of the issuer. In the US markets, independent shareholders' approval is not needed for such issues.
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Ex-UBS banker's parents bought Into China IPOs he helped arrange
Bloomberg, 31-May-2017
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Hiding behind the cornerstones
Webb-site.com, 03-Oct-2016
Webb-site reveals that investors who took 31% of a bank IPO had secretly laid off their risk by issuing derivatives to a mainland property developer from the same city, via two HK-listed companies which incidentally are bubble stocks. When we complained, HKEX did not require disclosure of the bank’s identity, thereby preserving the secrecy behind the cornerstone investors which facilitate HKEX’s IPO business. Once again, the regulatory conflict of interest is exposed.