GRAND SILVER LIMITED
HK tycoon Joseph Lau Luen Hung guilty in Macau graft trial
| Hall of Shame
RTHK, 14-Mar-2014
He is thereby inducted into our Hall of Shame. The case reminds us of the late Lim Por Yen, founder of Lai Sun group, who was convicted in Taiwan for corruption over a land transaction. As with Macau, there was and is no extradition treaty between HK and Taiwan. China is actually 1 country, 4 legal systems. After paying NT$40m in bail and being allowed to leave pending appeal, he never returned to Taiwan.
RTHK, 14-Mar-2014
He is thereby inducted into our Hall of Shame. The case reminds us of the late Lim Por Yen, founder of Lai Sun group, who was convicted in Taiwan for corruption over a land transaction. As with Macau, there was and is no extradition treaty between HK and Taiwan. China is actually 1 country, 4 legal systems. After paying NT$40m in bail and being allowed to leave pending appeal, he never returned to Taiwan.
New sentence for Ao Man-long
RTHK, 31-May-2012
For accepting bribes from Joseph Lau Luen-hung and Steven Lo Kit-sing and for money laundering. The alleged bribers have not yet faced trial.
RTHK, 31-May-2012
For accepting bribes from Joseph Lau Luen-hung and Steven Lo Kit-sing and for money laundering. The alleged bribers have not yet faced trial.
Chinese Estates (0127): Joseph Lau Luen-hung charged in Macau with bribery and money-laundering
Company announcement, 23-May-2012
Company announcement, 23-May-2012
Chinese Estates (0127): the vendors were independent
Company announcement, 19-Apr-2012
Comment: Chinese Estates still does not disclose who owned the BVI vendors of Moon Ocean, and does not disclose whom Moon Ocean acquired the land from. It does not repeat the 2005 claim that the BVI Lender of a $750m facility to Moon Ocean was an Independent Third Party. In a Macau court, Steven Lo Kit Sing has said that he borrowed the money from Joseph Lau.
Company announcement, 19-Apr-2012
Comment: Chinese Estates still does not disclose who owned the BVI vendors of Moon Ocean, and does not disclose whom Moon Ocean acquired the land from. It does not repeat the 2005 claim that the BVI Lender of a $750m facility to Moon Ocean was an Independent Third Party. In a Macau court, Steven Lo Kit Sing has said that he borrowed the money from Joseph Lau.
Tycoon denies bribery claim
HK Standard, 18-Apr-2012
The article says that a company owned by Joseph Lau and Steven Lo Kit Sing won the tender for the sites - but if this is true, then who sold Moon Ocean Ltd (which acquired the land in 5 agreements in Oct-2005) to Chinese Estates? The vendors were BVI companies who were said by Chinese Estates to be independent. We call on the ICAC and SFC to investigate who owned the vendors and how Moon Ocean bought the land.
HK Standard, 18-Apr-2012
The article says that a company owned by Joseph Lau and Steven Lo Kit Sing won the tender for the sites - but if this is true, then who sold Moon Ocean Ltd (which acquired the land in 5 agreements in Oct-2005) to Chinese Estates? The vendors were BVI companies who were said by Chinese Estates to be independent. We call on the ICAC and SFC to investigate who owned the vendors and how Moon Ocean bought the land.
Chinese Estates (0127): we and Joseph Lau didn't bribe Ao Man Long
Company announcement, 17-Apr-2012
Company announcement, 17-Apr-2012
Chinese Estates (0127) buys 29.99% of Moon Ocean Ltd from Best Express Holdings Ltd for HK$1.6bn
Company announcement, 28-Mar-2011
The owner of the vendor was not disclosed.
Company announcement, 28-Mar-2011
The owner of the vendor was not disclosed.
Chinese Estates (0127) buys 70.01% of Moon Ocean Ltd from Easy Action Ltd (BVI)
| Circular
Company announcement, 3-Jan-2006
The owner of the vendor was not disclosed. The owner of the BVI Lender was not disclosed either. On 15-Oct-2005 Moon Ocean entered into 5 agreements to buy the land for MOP$1368m. The vendors of the land were not disclosed.
Company announcement, 3-Jan-2006
The owner of the vendor was not disclosed. The owner of the BVI Lender was not disclosed either. On 15-Oct-2005 Moon Ocean entered into 5 agreements to buy the land for MOP$1368m. The vendors of the land were not disclosed.
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