Hui, Makie Po Yuen 許寶源
Yanion's Rotten Onion
In the first of two stories, we peel away the layers of the onion that is Yanion, and we don't like what we find. You will see a series of questionable acquisitions at exorbitant prices, at least two of them involving the same "independent third party", followed by legal disputes, a disclaimed audit opinion, replacement of auditors, and massive write-offs. (23-Jun-2003)
In the first of two stories, we peel away the layers of the onion that is Yanion, and we don't like what we find. You will see a series of questionable acquisitions at exorbitant prices, at least two of them involving the same "independent third party", followed by legal disputes, a disclaimed audit opinion, replacement of auditors, and massive write-offs. (23-Jun-2003)
Criminal Record
We take a look at the sordid past of LCD maker Yeebo International Holdings Ltd, now under new management. The past presents a case study in criminal fraud and bad internal corporate governance. We also look to the future of the group, which was rescued by a textiles tycoon who last year saw shareholders reject his proposed systems integration investment priced at 59.1x earnings. Now, the company is cashed up with a new industry-related 34.7% shareholder. (27-Aug-2001)
We take a look at the sordid past of LCD maker Yeebo International Holdings Ltd, now under new management. The past presents a case study in criminal fraud and bad internal corporate governance. We also look to the future of the group, which was rescued by a textiles tycoon who last year saw shareholders reject his proposed systems integration investment priced at 59.1x earnings. Now, the company is cashed up with a new industry-related 34.7% shareholder. (27-Aug-2001)
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