Lai Voon Wai, ex-CCB and BOCOM, loses appeal on 5-year ban for IPO sponsor failures
SFC
SFC, 30-Sep-2020
Neither of the two IPOs proceeded. The SFAT Determination provides interesting insight into events at BOCOM International (3329) before its own listing in 2017.
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SFC fines CCB International HK$24m for sponsor failures
SFC
SFC, 09-Jul-2018
The IPO did not proceed.
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Skin in the game
Webb-site.com, 23-Jun-2009
In part 3 of a series, we look at the often calamitous IPOs produced by B M Intelligence and its conversion into China Bio-med Regeneration Technology, involving a huge mark-up on the acquisition. We also cover an international organisation run out of a cobbler's shop in Las Vegas, and the recent changes of ownership in CBRT, including a CPPC member who is a big fan of the PLA.
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China Railway Games
Webb-site.com, 11-Jun-2009
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.