Celebrate International Holdings Limited 譽滿國際(控股)有限公司

Southwest Securities (HK) Brokerage Ltd v Michael Ng Kwok Wing & others
HK Court of First Instance, 11-Jun-2020
Celebrate (8212): controlling shareholder Michael Ng Kwok Wing "brutally attacked"
Company announcement, 18-Dec-2019
Celebrate (8212) to buy Hope Securities Ltd from David KiCCASS transfer
Company announcement, 29-Jan-2019
The broker, licensed on 9-Apr-2018, has only 2 licensed staff and only one stock in its CCASS account, Imagi (0585), transferred last Friday from Satinu Markets Ltd. Celebrate, Imagi and Satinu are all part of what we call the "Chung Nam Network". The deal is subject to SFC approval for the change of substantial shareholders of the broker.
Celebrate (8212): ED Philip Suen Yick Lun "vehemently denied" SFC allegations against him
Company announcement, 19-Dec-2018
Union Asia (8173) coughs up details of investments at 31-Mar-2017
Company announcement, 18-May-2017
This follows a complaint by Webb-site to SEHK 2 days ago that this information was missing from the annual report. The holdings include 4.71% of eForce (0943), 3.79% of Trillion Grand (8103) and 4.04% of Celebrate (8212). All 4 companies are in what we call the "Chung Nam Network".
Union Asia (8173) coughs up details of investments at 30-Sep-2016
Company announcement, 17-Nov-2016
This follows a Webb-site complaint to HKEX on 14-Nov-2016 and reveals sub-5% holdings in eForce (0943), Trillion Grand (8103), Inno-Tech (8202) and Celebrate (8212), amongst others.
Celebrate (8212) coughs up investment details at 30-Jun-2016.
Company announcement, 3-Oct-2016
This follows a Webb-site complaint on 23-Sep-2016.
Nuns in the property habit
The Sisters of Saint Paul of Chartres will pay HK$390m for a vacant Kowloon residential site opposite their private hospital. The site changed hands in January for just $298m, and half of it was acquired in 2010-11 for $76.4m. We trace the history of the site. (20-Nov-2015)
China Optoelectronics (1332) subscribes HK$90m for 3.98% of Co-Lead Holdings Ltd
Company announcement, 5-Nov-2015
Co-Lead is a hub in what we call the "Chung Nam Network". Before this deal it is 55.27% owned by Mason Financial (0273), 16.58% by Rentian Technology (0885), 10.13% by Dragonite (0329), 5.58% by China Soft Power Technology (0139), 3.87% by National Investment Fund (1227), 2.86% by Celebrate (8212) and 5.71% by unknown others.
Celebrate (8212) lends HK$5m to Michael Ng Kwok Wing
Company announcement, 13-Oct-2015
Celebrate (8212) subscribes HK$50m for 2.86% of Co-Lead Holdings Ltd for HK$50m
Company announcement, 29-Jul-2015
Celebrate buys into a hub in the Chung Nam Network. Co-Lead's other holders include: Mason Financial (0273) with 55.27%, Rentian Technology (0885) with 16.58%, Dragonite (0329) with 10.13%, China Jinhai (0139) with 5.58% and National Investments Fund (1227) with 3.87%.
FRC Investigation Report on W.H. Tang & Partners CPA Ltd
Financial Reporting Council, 20-Mar-2015
Following a request by Webb-site, this is the first full Investigation Report released to the public since 2011.
HKICPA fines Louis Tang Wai Hung, Chow Chi Kit & W.H. Tang & Partners CPA Ltd
HKICPA, 30-Dec-2014
This concerns Celebrate (8212), an acquisition circular and its annual audit for 30-Jun-2010. This is the 2nd sanction in a year against Mr Tang and his firm. The panel calls them "serious breaches" and fines them HK$50k each. Seriously? Another reason why the HKICPA should stop self-regulating. Celebrate paid the firm audit fees of HK$2.7m that year, so the fine is trivial. A ban on practising for a prolonged period would be more meaningful.
HK Life (8212) buys 49% of Baron's School of Music Ltd for HK$47.04m
Company announcement, 28-Feb-2012
The owner of the BVI vendor is not disclosed. The net assets are not disclosed. The $96m "preliminary valuation" by an unnamed valuer is at 9.2x turnover and 238 times earnings for 2011. The price appears to be highly inflated.
China Vanguard's Grand Promise
China Vanguard (8156) bought an asset from its controlling shareholder at 6.5 times the price at which China Motion (0989) turned it down. Now it is struggling to redeem convertible bonds the target issued to Goldman Sachs and Evolution Capital. We also query a year-end HK$139m cash outflow to buy a company which was once owned by the controlling shareholder, with negative net assets. Finally we look at a pending acquisition by Aptus, its subsidiary. (10-Dec-2009)
The paid advert opposing the blackout rule
With links to the signatories in Webb-site Who's Who. (29-Dec-2008)
B&B and Aptus
We issue a Webb-site.com "bubble rap" warning on Aptus (8212) and its parent B&B (8156). Aptus claims to have a deal with an arm of CNPC, parent of PetroChina, which apparently needs tiny GEM companies to help finance its mainland oilfields, while B&B, a honey trader, has bought a ticket in the mainland lottery which we expect will give you a worse return than the Mark Six if you buy the stock. We also take a close look at the financial engineering behind all this. (22-May-2006)
Breach of GEM Listing Rules 18.03,18.48A,18.49,18.66 & 18.79
Company announcement, 1-Mar-2004
Breach of GEM Listing Rules 18.66 & 18.79
Company announcement, 13-Feb-2004
Breach of GEM Listing Rules 18.03,18.48A & 18.49
Company announcement, 30-Jan-2004
Breach of GEM Listing Rules 18.03 & 18.49
Company announcement, 31-Dec-2003
Breach of GEM Listing Rule 10.12(4)
Company announcement, 10-May-2002

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