China Fortune (8116): resignation of Co-Chairman
Company announcement, 7-Jul-2016
This follows a complaint by Webb-site that, under the Articles of Association, the board can only elect one Chairman. It has had two Co-Chairmen since 5-Nov-2012. The Listing Rules also contemplate special duties for the Chairman which would not make sense if there were more than one.
China Fortune (8116) places 30m shares with Mr Ko Kin Hang
Company announcement, 10-Apr-2014
That's the second placing with the same person in 3 days and the third in 3 months.
China Fortune (8116) places 20m shares with Mr Ko Kin Hang
Company announcement, 7-Apr-2014
This follows the previous placing with the same investor as announced on 27-Feb-2014.
China Fortune (8116) places 30m shares with Mr Ko Kin Hang
Company announcement, 27-Feb-2014
China Fortune (8116): placing terminated
Company announcement, 21-Nov-2013
The company fails to state that there was only 1 condition, not conditions, namely the Listing Committee granting listing of the shares. It is unusual not to obtain this, and the company should explain why.
China Fortune (8116) terminates placing of unlisted warrants
Company announcement, 1-Nov-2013
The company does not say which condition(s) were not satisfied, but refer to the announcement on 20-Aug-2013: the only condition that mattered was Listing Committee approval for listing of the underlying shares. The company should say why this approval was not obtained.
China Fortune (8116) identifies beneficial owners of warrant subscribers
Company announcement, 26-Sep-2013
This follows a complaint filed with regulators by Webb-site on 20-Aug-2013. What this new announcement doesn't mention is that Kevin Tsang Kwong Chiu was the Finance Director of Peace Mark (Holdings) Ltd from 1997 until after it collapsed. China Fortune still does not say where the subscribers are incorporated.
China Fortune (8116) issues unlisted warrants to 2 shell companies
Company announcement, 20-Aug-2013
The place of incorporation of the subscribers and the names of their beneficial owner(s) are not disclosed. Webb-site has filed a complaint with the regulators.
China Public Healthcare (8116): shareholders veto share consolidation
Company announcement, 8-Jun-2012
Told to consolidate by the Exchange, substantial shareholders vote it down. They can still change the board lot size without shareholders' approval. Currently 5,000 shares are only $375, which means that scrip fees charged by HKEx of $1.5 per board lot are 0.4% of the purchase price. Will HKEx, as Listing Regulator, require the company to change the board lot, or will HKEx, as a for-profit company, leave the board lot low to help fee income?
Mengniu Dairy CEO's unaccredited MBA
Moo! Who's got a dodgy MBA then? The CEO of China Mengniu Dairy has, along with several other listed company directors we identify. (26-Apr-2010)
Allotment results and concentration warning
Company announcement, 24-Jul-2000

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