Chairman Francis Leung Pak To sells 7.82% of Imagi (0585) to Howard Wong
Company announcement, 28-Jan-2016
Mr Wong is associated with what we call the "Chung Nam Network". During his 15 years as CEO of China Soft Power Technology (0139) the stock returned -98.67%, an average of -24.91% p.a., or -29.49% p.a. relative to the Tracker Fund of HK.
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Imagi bubble
Webb-site.com, 14-Apr-2010
We issue a bubble warning on Imagi (0585), up 616% in 4 days on turnover of 185% of the company. The confusing timetable, with a 10:1 consolidation yet to come, has likely contributed to more chaos than we have seen since Asian Citrus. The market price implies a valuation of 33.2 times book value, or a premium of HK$17.3bn (US$2.23bn). We think a discount would be more appropriate, for the characters involved.
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Cheeroll Ltd v Philip Leigh Tose, Francis Leung Pak To, Peter Wong Wing Cheong & Alan Kenneth Mercer
HK Court of First Instance, 19-Feb-2003
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Cheeroll Ltd v Philip Leigh Tose, Francis Leung Pak To, Peter Wong Wing Cheong & Alan Kenneth Mercer