Lam, Peter How Mun 林孝文

Dealing disclosures show that they each subscribed for HK$30m of the "Firm Bonds", which carry the right to subscribe the same amount again upon conversion. The announcement reveals that Freeman currently owns 4.34% of Radford. Andrew Liu subscribed $155m of the Firm Bonds and acquired another $15m of them from Henry Chuang on 11-Oct-2010. The other subscribers were Benny Kwong Kai Sing (Chairman of Heritage), Peter Lam How Mun (MD of CC Land), Andrew Lam Ping Cheung, and Koji Shimazaki (ED of Radford) ($10m each) and Angela Ching Yuen Man (ED of Dragonite) ($5m).

We warn investors of a bubble in the stock of China Strategic, the 80% owner of the proposed buyer of Taiwan's Nan Shan Life Insurance, partly financed by a massive note issue convertible into 78bn shares at $0.10 each. We publish the placing list and analyse the names in the deal. Finally, we warn investors to avoid 7 companies in the "Chung Nam network", which has lost HK$6.2bn in 5 years.