Alan Chan succeeds in his claim for repayment of loans to Ms Chan, then Chairman of China Zenith Chemical (0362) who succeeded her ex-boyfriend Jimmy Chan Yuen Tung as Chairman in 2012. The court accepted Alan's testimony that he was trading and holding shares of CZ at her direction. This implies that as a CZ director, she failed to disclose her dealings in those shares. If she was acting in concert with Jimmy Chan then there would also be implications under the Takeovers Code, as together they obtained more than 30% of CZ.
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Value Divergence
Webb-site.com, 21-Sep-2009
We look at the strange events at Value Convergence (0821) where Melco (0200) is selling its controlling stake at $1.92 before a massive dilutive CB issue at $1.00, a third of which is going to China Fortune (0290). Shareholders should vote against the bond issue, and bond subscribers and their associates should be prohibited from voting any shares they hold.
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SFC suspends Mr Ralph Ma Chi Koon for 8 months
SFC, 02-Jul-2008
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SFC reprimands Kim Eng Securities (Hong Kong) Ltd and Terry Fok Kwong Hang for failings in warrant placements
SFC, 25-Feb-2003
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SFC reprimands Mr Ricky Cheung Lap Kei of Kim Eng for providing misleading information