SPDB International Holdings Limited 浦銀國際控股有限公司

Surprisingly, the SFC did not criticise the financial adviser to Glamour House, AsiaVest Partners Ltd, which should have been guiding them through the Takeover Code. Perhaps further action is pending.

Yesterday we told you how Yanion had blown over $400m on a series of questionable acquisitions from "independent third parties". Now we'll show you how China Treasure Greater China Investments, floated last year and with no disclosed links to Yanion, has thrown 58% of its net assets into shares of Yanion and two of its subsidiaries, without any announcements or shareholder approvals.