MAE Holdings Limited

Skynet Loss
Skynet (International Group) Holdings (SIGH), once unknown for its marbles, has been an internet play since 1999. Webb-site.com shows you how MAE Holdings ended up paying $35.75m for 0.006% of Skynet Ltd, a subsidiary of SIGH, after being diluted beyond its wildest dreams in circumstances only now revealed. We also spotlight the not-unrelated HKSky-e and show how it parlayed dotcoms with Asia Tele-Net and MAE, ultimately making its owner the largest shareholder and Chairman of MAE. (5-Feb-01)

MAE Transformation
MAE Holdings, a company which makes transformers for electrical appliances, saw its shares rise by 64% yesterday on news of a share placing and possible investment in a multi-media business. Announcing a pointless 10 to 1 stock split, the company omitted to mention that the directors granted themselves share options less than 3 weeks earlier. (21-Sep-99, updated 21-Oct-99)

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