The Huarong-CMB network: 26 stocks not to own
In our first circuit diagram since the infamous Enigma Network, we examine the overlapping networks, bubbles and funding surrounding 26 HK-listed companies that your portfolio would probably do better without. (19-Oct-2018)
China Goldjoy (1282) to sell 28% of subsidiary to Pak Tak (2668)Pak Tak announcement
Company announcement, 3-Jun-2018
The subsidiary, Golden Affluent, holds 80% interests in China Goldjoy's financial services companies.
Haitong (0665) gets Mr Cheung Chi Mang declared bankrupt
HK Court of First Instance, 21-May-2018
The former Chairman of Pak Tak (2668) guaranteed the debts of Hong Kong Investments Group Ltd to Haitong International Finance Co Ltd, then defaulted.
Pak Tak (2668) blows 20% general mandate at 19.01% discount
Company announcement, 15-Sep-2017
Pak Tak fails to say who owns the subscriber, Tengyue Holding Ltd. Subsequent filings state that it is a person named Feng Guoming.
Pak Tak (2668) buys 10.66% of CVP Financial Holdings Ltd for HK$33mCompletion
Company announcement, 1-Aug-2017
The vendor is a subsidiary of an unnamed main board-listed company. We can tell you it is China Goldjoy Group Ltd (1282). CVP Financial is a subsidiary of an unnamed GEM-listed company. We can tell you it is Madison (8057). China Goldjoy injected $32m for the shares on 23-Feb-2017, alongside China Yinsheng Qiqiao Fund (advised by China Goldjoy Asset Management Ltd) which injected $8m. Together they provided all the HK$40m start-up capital in exchange for a 13.33% stake.
Concentration warning in Pak Tak (2668)
SFC, 26-Jun-2014
Concentration warning in Pak Tak (2668)
SFC, 25-Jun-2013
Two go on trial for murder of Pak Tak Chairman
Shenzhen Daily, 2-Aug-2007
Pak Tak announces Chairman died 6 days ago
Company announcement, 31-Jan-2007
In fact he was murdered in a Shenzhen hotel.
Pak Tak: not aware of any reason for increase in share price and volume
Company announcement, 30-Jan-2007
5 days after the Chairman died; his name is missing from the list of directors in the announcement, but they don't say why.
Pak Tak makes announcement, signed by Chairman 1 day after he died
Company announcement, 26-Jan-2007
His death was not announced until 31-Jan-07

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