China Public Procurement Limited 中國公共採購有限公司

China Public Procurement (1094): there's no evidence of several purported deals
Company announcement, 9-Nov-2012
The company's forensic accountant, PwC, says deals announced 18-Aug-2009, 8-Feb-2010, 18-Feb-2010 and 24-May-2010 do not stack up. Webb-site warned investors on 3-Jul-2009 to avoid this stock. From that date, it had a negative total return of -33.3% until being suspended on 5-Jul-2010, still with a market cap of HK$2.26bn. If it ever returns, expect most of that to vanish. We would be surprised if the SFC is not investigating this company for defrauding investors.
China Public Procurement: vendors of Hero Joy to transfer 3,546.64m preferred shares to CEO for $5 in total.
Company announcement, 15-Sep-2011
China Public Procurement: breach of Listing Rules: connected transaction
Company announcement, 28-Apr-2011
China Public Procurement: breach of Listing Rules: late results
Company announcement, 15-Apr-2011
China Public Procurement: breach of Listing Rules: late results
Company announcement, 24-Mar-2011
Vincent Eng v Chen Qin Biao
HK Court of First Instance, 17-Sep-2010
HKICPA fines and suspends Katherine Yu Kin Ling for professional misconduct
HK Gazette, 5-Mar-2010
HKICPA disciplines three accountantsReasons
HKICPA, 25-Feb-2010
Hong Kong Building and Demolition
HKBLA (0145) has been a perennial cash shell. After 3 takeovers, its foundations now appear to be under threat as its cash pile gets depleted on dubious transactions, including investment in Byford and an "earnest deposit". It appears to have become part of a network which includes at least 9 other listed companies. (10-Dec-2009)
Value Divergence, part 2
What's going on at Value Convergence (0821)? We list the placees in the convertible bond issue, which has been delayed, and analyse their connections to a network of other companies we have written about before. Is VC joining that network? We also look at the massive dilution that awaits shareholders of China Fortune (0290). (10-Dec-2009)
China Public Procurement
In part 4 of our series on a network of companies, we cover China Public Procurement (1094) which has a long string of over-priced acquisitions from often-anonymous vendors, "earnest money" deposits for deals which don't happen, issues of unlisted warrants and shares for no obvious reason, and gaps in disclsoure. If you own this stock, get out while you can. (3-Jul-2009)
Skin in the game
In part 3 of a series, we look at the often calamitous IPOs produced by B M Intelligence and its conversion into China Bio-med Regeneration Technology, involving a huge mark-up on the acquisition. We also cover an international organisation run out of a cobbler's shop in Las Vegas, and the recent changes of ownership in CBRT, including a CPPC member who is a big fan of the PLA. (23-Jun-2009)
Sunny Global (1094) sells 75% of Great Hill Trading Ltd to China Railway Logistics (8089) for HK$34mCRL announcement
Company announcement, 22-Apr-2009
CBRT (8158) sells shares in China Railway Logistics (8089), Byford (8272) and warrants in Sunny Global (1094)
Company announcement, 31-Mar-2009
The paid advert opposing the blackout rule
With links to the signatories in Webb-site Who's Who. (29-Dec-2008)
Market Misconduct Tribunal submits report on Sunny Global Holdings Ltd
HK Government, 8-Sep-2008
Report, part 1part 2
Market Misconduct Tribunal, 29-Aug-2008
Members appointed to Market Misconduct Tribunal
HK Government, 2-Nov-2007
Breach of Listing Rules
Company announcement, 24-Jan-2006
Breach of Listing Rule 13.48(1)
Company announcement, 30-Jun-2004

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