Continuing our series, we look at a set of over-priced acquisitions and questionable transactions by China Post e-Commerce and others, building a matrix which demonstrates the close connections between the persons involved. We call on the SFC to investigate.
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人物
Intcera High Tech (8041) controller grants options to Galaxy Asset Management (H.K.) Ltd and Provenance Place Co Ltd
Company announcement, 26-May-2009
The grantor is owned by Joseph Lau Chi Yuen. It doesn't say who owns Galaxy or Provenance Place, but a subsequent disclosure of interests shows that Provenance Place is owned by Eric Chan Man Hon. Galaxy is owned by Joe Chan Man Fai, Eric Chan's brother, so the two grantees are related.
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SFC reprimands Galaxy Asset Management (H.K.) Ltd and suspends Mr Joe Chan Man Fai for 1 month