LIU'S HOLDINGS LIMITED 廖氏集團有限公司

SFC seeks compensation and disqualification orders against Freeman (0279) directors
SFC, 7-Oct-2016
At last, a bit of action on part of what we call the "Chung Nam Network". The SFC is pursuing 4 current and 8 former directors.
Breaking: SFC petitions against directors of Freeman (0279)
Company announcement, 7-Oct-2016
The petition, not yet published, seeks disqualification and compensation orders against 4 respondents relating to the aborted investment in Liu's holdings in 2010/11, which caused a loss to Freeman of HK$76.8m. At the time, Quincy Hui Kwong Hei and Lo Kan Sun were Managing Directors, Sue Au Shuk Yee was Executive Director and Agustin V Que was an INED of Freeman.
Freeman (0279) reverses purchase of stake in Liu's holdings, takes loss of HK$76.8mCircular
Company announcement, 18-May-2011
Unable to obtain legal title to the shares in Liu's holdings which Freeman has already paid for, it sells the beneficial interest back to the parents of Andrew Liu, it's Chairman and substantial shareholder, and they benefit by the same amount, HK$76.8m.
Freeman (0279) agrees to buy 23.43% of Liu's holdings from Andrew Liu's parentsCircular
Company announcement, 10-Dec-2010
But Mr & Mrs Liu will continue to hold the shares "on trust" for Freeman unless and until they can execute the share transfer under the terms of a deed between the shareholders of Liu Holdings and its M&A.

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