China Ding Yi Feng Holdings Limited 中國鼎益豐控股有限公司

SFC restricts accounts at 9 brokers for suspected manipulation of China Ding Yi Feng (0612)
SFC, 25-Jun-2019
The "Statement of Reasons" for this has not been published. It follows 9 earlier restriction notices in relation to the same stock on 20-Mar-2019.
SFC issues restriction notices to 9 brokers freezing client accounts linked to suspected market manipulation of China Ding Yi Feng (0612) shares
SFC, 20-Mar-2019
We note that the Gazette Notices published on 29-Mar-2019 do not attach the normal "Statement of Reasons" that they refer to.
SFC directs suspension of China DYF (0612)
SEHK, 8-Mar-2019
This follows a complaint by Webb-site to the SFC on 18-Feb-2019 and a Bloomberg article on 22-Feb-2019. This is a "Chapter 21" closed-end investment fund, trading at about 86x NAV. Such companies are exempt from the public float requirement of the Listing Rules, and the SFC has not issued any concentration warning on this stock. Consequently it has been admitted into various HSI and MSCI indices, exacerbating the bubble. It was due to enter the HSI Large and Mid-Cap Index at the close of business today.
Mysterious 8,500% stock gain attracts big funds (and big questions)
Bloomberg, 22-Feb-2019
Comment: this is a closed-end investment fund trading at 93 times its net asset value, rather than the normal discount that such funds attract. MSCI and HSI should know better than to include such funds in their indices, as they are not regular companies and are prohibited from participating in business management. They are also exempt from the public float requirements, which is probably why the SFC has not issued concentration warnings on such stocks, but it should do so anyway.
China Investment Fund (0612) v Guang Sheng Investment Development Group Ltd & others
HK Court of First Instance, 11-Mar-2016
China Investment Fund (0612): suspends INED
Company announcement, 19-Jan-2016
China Investment Fund (0612): suspected RMB30m misappropriation
Company announcement, 12-Jan-2016
China Investment Fund (0612): 3 NEDs suspended
Company announcement, 17-Dec-2015
China Investment Fund (0612) suspended on suspected misappropriation
Company announcement, 16-Dec-2015
China Investment Fund (0612): it was the investment manager who terminated
Company announcement, 4-Nov-2015
China Investment Fund (0612): investment management agreement terminated
Company announcement, 22-Sep-2015
Economical with the truth, the announcement fails to say which party terminated the agreement.
China Strategic bubble
We warn investors of a bubble in the stock of China Strategic, the 80% owner of the proposed buyer of Taiwan's Nan Shan Life Insurance, partly financed by a massive note issue convertible into 78bn shares at $0.10 each. We publish the placing list and analyse the names in the deal. Finally, we warn investors to avoid 7 companies in the "Chung Nam network", which has lost HK$6.2bn in 5 years. (13-Nov-2009)
Share charge over Sys Solutions (8182) to Suen Suet Ngo & China Investment Fund Co Ltd (0612), 3-Nov-2006
Company filing, 29-Nov-2006
Loan agreement to Kenny Chan Wing Him from Suen Suet Ngo & China Investment Fund Co Ltd (0612), 3-Nov-2006
Company filing, 29-Nov-2006
The Baron Network
In another exclusive, blows the lid off a network of cross-holdings involving Kenfair (0223), Cosmopolitan (0120), GR Investment (0310), Golden Resources (0677) and China Investment Fund (0612), probably involving multiple breaches of Listing Rules and possibly the Takeover Code, but as yet there has been no regulatory action. (14-Apr-2004)

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