SFC obtains disqualification orders against ex-directors of EganaGoldpfeilEgana and Upbest
SFC, 11-May-2020
Almost 13 years after Webb-site blew the whistle on this fraudulent firm, which promptly collapsed, 3 of the culprits are banned as directors for 6-9 years. No compensation order is made. We remain surprised that no criminal charges were made.
Upbest (0335): our INED was convicted of shoplifting, but that's alright with us
Company announcement, 30-Mar-2015
Poon Kai Tik fined HK$1500 for stealing HK$12 cloth
South China Morning Post, 27-Mar-2015
The last time around, a prosecution for shop lifting and assault was stopped on 11-Dec-2000 on the grounds that he had been suffering from a psychiatric disorder and was not responsible for his actions. He is currently an INED of Upbest (0335).
HKICPA fines George Li Kwok CheungReasons
HKICPA, 19-Jan-2012
The unnamed listed company is Upbest Group Ltd (0335). In the separate Grand Field case Mr Li was jailed.
HKICPA suspends Mr Andy Choy Ye KingReasons
HKICPA, 20-Dec-2011
The unnamed listed company is Upbest Group Ltd (0335).
Five jailed in Grand Field case
ICAC, 17-Mar-2010
...and are thereby inducted into the Webb-site Hall of Shame
Five guilty in Grand Field case
ICAC, 5-Mar-2010
This case was first brought to light by our article Cooking with Gas of 4-Mar-04. Charges were brought on 23-Jul-07, and then we wrote about Egana. No charges have yet been brought in that case.
Peace Mark's warning signals
What went wrong at watch shop Peace Mark (0304), former associate of Egana (0048)? Webb-site.com shows you the warning signals which analysts missed. (16-Sep-2008)
Breach of Listing Rules on financial assistance
Company announcement, 2-May-2008
SFAT upholds SFC decision to suspend the financial controller and 2 directors of Upbest Securities Co Ltd & Upbest Investment Co Ltd
SFC, 10-Sep-2007
Mr Andy Choy Ye King, Mr Charles Cheng Kai Ming & Mr George Li Kwok Cheung v SFC
SFAT, 7-Sep-2007
Egana update
We update you on the Egana (0048) situation, and the answers management provided to some of the questions in a recent conference call with investors. A recording of the call is now available for download from Webb-site.com, in the interests of fair disclosure. (6-Aug-2007)
Egana and Upbest
Following this week's charges by the ICAC against certain directors of Upbest (0335), Webb-site.com looks at the connections between EganaGoldpfeil (0048) and Upbest, and we don't like what we see. There's a mixture of out-and-back profit-generating transactions, innovative accounting policies, investments in closed-end funds, interest-free "deposits", rolling promissory notes and yes, an aborted gas transaction in the PRC. Are we looking at the next Moulin here? (26-Jul-2007)
Six face court for alleged conspiracy to defraud shareholders and stock exchange
ICAC, 25-Jul-2007
Six charged for alleged conspiracy to defraud shareholders and stock exchange
ICAC, 23-Jul-2007
Mr Charles Cheng Kai Ming, Mr George Li Kwok Cheung and Mr David Wong Wai Kwong charged by ICAC
Company announcement, 23-Jul-2007
SFC prosecutes Upbest Investment Co Ltd and Andy Choy Ye King for providing misleading information and failing to notify SFC of liquid capital deficiencies
SFC, 14-Jun-2004

Sign up for our free newsletter

Recommend Webb-site to a friend

Copyright & disclaimer, Privacy policy

Back to top