Da Shing Group Ltd v Rich Promise Ltd
HK Court of First Instance, 22-Apr-2020
The would-be buyer in 2015 of the controlling stake in Crocodile Garments (0122) is awarded a refund of his HK$30m deposit. The judgment reveals some of the background to the talks.
Crocodile (0122) buys Hennessy Rd shop on 2% yield
Company announcement, 16-Apr-2013
A company called Group Able Ltd originally agreed to buy the unit on 17-Oct-2012, but the deal was passed to Crocodile's subsidiary Keepower Ltd on 20-Feb-2013 in a "nomination", apparently without payment. Crocodile should have announced this 2 months ago, if it owned the purchaser then. Our search shows that the directors of Group Able are Mrs Rita Liu Tong, wife of Liu Lit Ching (an ED of Chong Hing Bank) and Jeffrey Liu Wai-lun, their son. The shop tenant is currently "Honeymoon Dessert".
Crocodile bonus issue
Company circular, 25-Apr-2012
"To celebrate the 60th anniversary of Crocodile in the apparel business, the Board has recommended the Proposed Bonus Issue of Shares as a requital to the Shareholders for their ever-lasting valuable trust and support". What a load of nonsense. Bonus issues, like stock splits, do not generate shareholder value - they just incur administrative expenses. The company should resume paying dividends instead. It has NAV of $1.67 per share (31-Jan-2012) but trades at $0.49 - that's unrequited love!
The paid advert opposing the blackout rule
With links to the signatories in Webb-site Who's Who. (29-Dec-2008)
Censure and criticism of directors by SEHK
Company announcement, 7-Mar-2006
Censure of Lai Sun Garments (International) Ltd, Crocodile Garments Ltd, Mr Lam Kin Ming, and Mr Matthew Lam Kin Hong, and criticism of Mr Peter Lam Kin Ngok and Mr Stewart Lam Kin Ko
SEHK, 7-Mar-2006
Chairman Lim Por Yen convicted of bribery and sentenced
Company announcement, 8-Feb-1999
Charges raised against Lim Por Yen
Company announcement, 24-Mar-1998
Lim Por Yen assisting Taiwan Authority in investigation
Company announcement, 17-Dec-1997

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