HKSAR v Mark Mak Kwong Yiu, Christie Chan Lai Yee, Wong Shuk On & Lee Yick Ming
HK Court of Appeal, 30-Apr-2024
The convictions are quashed.
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Convoy Collateral Ltd v Roy Cho Kwai Chee & others; and Mr Cho's defamation claim against CCL's parent Convoy Global (ex-1019) and its directors
HK Court of First Instance, 11-Nov-2022
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Lerado (1225) makes HK$10m 2-month unsecured loan to Chan Man Fung
Company announcement, 22-Oct-2021
The borrower is the co-chairman and ED of an unnamed GEM-listed company. We'll tell you it's P.B. Group (8331). Mr Chan and his co-chairman Pui Wai Lun each own 50% of P.B. Asia Holdings Ltd, which is currently underwriting a HK$27.8m rights issue by PBG. The placing agent for any unsubscribed rights is CIS Securities Asset Management Ltd (CISSAM). Mark Mak Kwong Yiu, ex-Chairman & CEO of Lerado and ex-CEO of Convoy Global Holdings Ltd, has or had an indirect stake in CISSAM. He was jailed a week ago for conspiracy to defraud CGH in its bond placements which benefited CISSAM.
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2 former EDs of Convoy Global (ex-1019) jailed for conspiracy to defraud
SFC
SFC, 16-Oct-2021
Mark Mak Kwong Yiu (7 months) and Christie Chan Lai Yee (5 months, suspended for 18 months) thereby enter the Webb-site Hall of Shame. They and their 2 co-defendants are the first persons connected to the "Enigma Network" exposed by Webb-site in 2017 to be sentenced. Comment: the sentences seem remarkably light by comparison with recent sentences for peaceful but unauthorised assemblies.
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SFC-ICAC operation leads to conviction of ex-senior executives of Convoy (ex-1019)
SFC
SFC, 20-Sep-2021
At last, some convictions in the "Enigma Network" that we exposed in 2017. It's a start.
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Convoy (1019): Key findings of independent forensic investigation
Company announcement, 24-Jan-2020
Slipped out on CNY eve, the announcement refers extensively to our "Enigma Network" takedown of 2017.
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4 charged with conspiracy to defraud over bonds placement of Convoy (1019)
ICAC, 22-Jul-2019
Allegedly, over a 3.5 year period, Convoy Investment Services (CIS), in which Mark Mak Kwong Yiu and 2 other EDs of Convoy held substantial shareholdings, acted as a hidden connected placing agent for bond issues, using Gransing Securities as a front. We note that in 2015, CIS applied for a listing on GEM which lapsed. It was then a partial subsidiary of a BVI company which was 35.06% owned by Quincy Wong Lee Man, 29.62% by Mr Mak and 20.71% by Shin Kin Man, Wong and Shin, both EDs of Convoy, are not charged today.
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Convoy (1019) sues 4 more
Company announcement, 27-Dec-2017
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Convoy sues 28 over fund transfers
HK Standard, 20-Dec-2017
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Convoy sues ex-directors for stealing from financial adviser’s US$520m stock placement
South China Morning Post, 19-Dec-2017
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Another listed firm drawn into graft probe net
RTHK, 08-Dec-2017
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Lerado's umbrellas and open offer
Webb-site.com, 27-Oct-2015
At last, Lerado (1225) admits that it holds 2% of the China Jicheng (1027) umbrella bubble, still worth HK$561m, which is more than it proposes to raise in an abusive, deep-discount open offer. The circular fails to say why they don't just sell the CJ shares instead. We call on shareholders to save themselves and vote against.
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Bubbles and troubles in Hong Kong
Webb-site.com, 24-Sep-2015
Pour yourself a coffee and digest this long article as we investigate several ongoing abusive "open offers" and placings as well as show you who's been making out in multi-billion-dollar bubbles. We call on regulators and rule-makers to take action.