Fullshare Holdings Limited 豐盛控股有限公司

AAC (2018) announcement seems familiar
AAC, in a rather desperate move, has announced a "strategic cooperation agreement" with CITIC Bank. Where have we seen that before? (9-Jun-2017)
Holdings in Fullshare (0607) via Shanghai Connect
Nice work by Glaucus Research today in a thorough analysis of the bubble in Fullshare, which also relates to a bubble in Zall (2098) because of their cross-holdings. Webb-site called these bubbles on 5-Aug-2016, and this chart suggests that accumulation of Fullshare by persons on the Southbound train may have propped it up. (25-Apr-2017)
Zall (2098) coughs up details of financial assets at 30-Jun-2016
Company announcement, 14-Nov-2016
This follows a complaint by Webb-site to HKEX on 28-Oct-2016. Zall held, as we suspected, 4.3% of Fullshare (607). Fullshare, as we already knew, holds over 8% of Zall. Both stocks are huge bubbles, in our view. The SFC issued a concentration warning in Zall in mid-2014, but has not issued one in Fullshare.
MMT finds no insider dealing in Warderly shares
SFC, 5-Aug-2016
We don't disagree with the finding, but we annotate errors in the report regarding the outcome of an open offer. The MMT finds that when the duo sold shares in 2007, the information was no longer material, as the company was publicly known to be in difficulty and the stock was trading on its shell potential. Also, the alleged loss avoided becomes a profit avoided if the open offer had been taken up. Incidentally, Warderly is now known as Fullshare (0607) and in our view it is a bubble stock on 9x NAV, part of which is shares in another bubble stock, Zall (2098) which trades around 4x NAV.
SFC takes Derrick Luu Hung Viet & Lo Hang Fong to MMT
SFC, 4-May-2015
8 years after these events, Warderly is now known as Fullshare Holdings Ltd (0607).
Christian Emil Toggenburger v Derrick Luu Hung Viet, Zhong Yi (HK) C.P.A. Ltd & Johnny Tang Ka Siu
HK Court of Appeal, 9-May-2014
Christian Emil Toggenburger v Derrick Luu Hung Viet, Zhong Yi (HK) C.P.A. Ltd & Johnny Tang Ka Siu
HK Court of Appeal, 6-Sep-2013
HKSAR v Andy Pau Chin Hung
HK Court of Appeal, 4-Jun-2013
Christian Emil Toggenburger v Derrick Luu Hung Viet, Zhong Yi (HK) C.P.A. Ltd & Johnny Tang Ka Siu
HK Court of First Instance, 29-May-2013
Ex-KGI staffer jailed for 3 years for accepting HK$1.1m bribes
ICAC, 10-May-2013
See also the SFC's press release of 7-May-2013 with our notes.
SFC bans Andy Pau Chin Hung for 10 years
SFC, 7-May-2013
The obvious question: which former Chairman of which listed company was Mr Pau helping to dump shares? A 5% commission for secrecy and about $22m of shares were involved. Update: on 10-May the ICAC announced Pau's increased sentence for bribery. The listed company was Warderly (0607). It does not name the former Chairman, Yeung Kui Wong, but a middle-man, Derrick Luu Hung Viet. Disclosures show that Yeung sold 30m shares @$0.415 to Luu on 21-Mar-2007 and 20m shares off-market on 16-Apr-2007 @$0.455.
Christian Emil Toggenburger v Derrick Luu Hung Viet, Zhong Yi (HK) C.P.A. Ltd & Johnny Tang Ka Siu
HK Court of First Instance, 31-Jul-2012
Para 9 of the background is wrong: Beauforte is still a listed company, now known as Waytung Global Group Ltd (0021). ZZNode is now known as China Oriental Culture Group Ltd (2371).
Ex-KGI staff guilty of accepting HK$1.1m bribes
ICAC, 10-May-2012
Ex-staff of KGI Hong Kong Ltd charged with accepting HK$1.1m bribes
ICAC, 28-Oct-2011
Christian Emil Toggenburger v Derrick Luu Hung Viet, Zhong Yi (HK) C.P.A. Ltd & Johnny Tang Ka Siu
HK Court of First Instance, 12-Aug-2011
Christian Emil Toggenburger v Derrick Luu Hung Viet, Zhong Yi (HK) C.P.A. Ltd & Johnny Tang Ka Siu
HK Court of First Instance, 19-Jul-2011
The judgment refers to a secret appeal by Derrick Luu against a magistrate's refusal to return his travel documents under the Prevention of Bribery Ordinance. Luu is prohibited by law from disclosing anything in those proceedings. This implies that he is or was under investigation by the ICAC.
Former directors of Warderly disqualified for failure in making timely disclosure
SFC, 1-Mar-2011
SFC v Godfrey Hung Kwok Wa & Hermann Leung Ping Chung
HK Court of First Instance, 1-Mar-2011
SFC v Yeung Kui Wong & Yu Hung Wong, ex-directors of Warderley
HK Court of First Instance, 27-Oct-2010
Former directors of Warderly disqualified for disclosure failures
SFC, 8-Oct-2010
SFC v John Lai Wing Chuen & Ellen Yeung Ying Fong, ex-directors of Warderley
HK Court of First Instance, 9-Apr-2010
Ellen Yeung Ying Fong & John Lai Wing Chuen disqualified for 5 years as directors over timely disclosure
SFC, 17-Mar-2010
HKSAR v Liu Su Ke
HK Court of First Instance, 18-Jan-2010
SFC v Liu Su Ke
HK Court of First Instance, 31-Dec-2009
Mr Liu Su Ke loses appeal for conviction for non-disclosure of shareholding
SFC, 26-Nov-2009
Note: this conviction was not previously disclosed by the SFC.
SFC v Liu Su Ke
HK Court of First Instance, 25-Nov-2009
SFC seeks disqualification orders against current and former directors of Warderly
SFC, 16-Sep-2009
Christian Emil Toggenburger v Derrick Luu Hung Viet, Zhong Yi (HK) C.P.A. Ltd & Johnny Tang Ka Siu: writ of summons
HK Court of First Instance, 23-Mar-2009
The paid advert opposing the blackout rule
With links to the signatories in Webb-site Who's Who. (29-Dec-2008)
Bank deposits yield 0.75%, not 7.5% as stated in the accounts which were audited by Deloitte
Company announcement, 15-Sep-2006
Toxic IPOs in HK
In this epic article, we take you through the IPOs of at least 14 listed companies, 3 of which have already led to criminal charges. We explain the inter-relationships between the companies, sponsors, lead managers, auditors and the INEDs. Before you buy another IPO, stop and read this article. (21-Mar-2005)

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