Kenfair International Holdings Limited

The Baron Network
In another exclusive, Webb-site.com blows the lid off a network of cross-holdings involving Kenfair (0223), Cosmopolitan (0120), GR Investment (0310), Golden Resources (0677) and China Investment Fund (0612), probably involving multiple breaches of Listing Rules and possibly the Takeover Code, but as yet there has been no regulatory action. (14-Apr-04)

Kunfair Transactions
Exhibition organiser Kenfair has caught our attention with two questionable transactions, first a website upgrade disguised as an investment in a zero-interest non-repayable exchangeable loan note, and now the payment of $19m for non-exclusive rights to use a glorified phone book, from a director of the IPO sponsor. We sent an intrepid agent to fetch a copy. (28-Jan-03)

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