In part 2 of a series, we look at how HK$16bn of market cap evaporated when bubbles around China Railway Logistics, PME and Forefront burst. Each dealt with the same purported arm of the Ministry of Railways for joint ventures in wagon-leasing, media and online ticketing, each of which failed to get started. A miriad of BVI shells with shadowy owners are involved, but at least one has exposed himself in a court case.
Orgs
People
SFC suspends Mr Lawrence Lok Yuen Ming for failure to provide accurate information to the SFC
SFC, 20-Apr-2006
Orgs
People
Mr So Chi Ming v SFC
SFAT, 17-Nov-2005
Orgs
People
Members appointed to Insider Dealing Tribunal
HK Government, 03-Dec-2004
Note: Lawrence Lok Yuen Ming was later replaced by Phil Chan Kin Fung.