HERCULES CAPITAL LIMITED 凱利融資有限公司

Time2U's time to FU
How much damage can a HK main board company do to its share price within the first year of listing? Try 79.6%, with two full-sized placings under the generous general mandate, one of them at a discount to net cash per share, neither of which was necessary. For Time2U (1327) one year was time enough. (25-Jan-2016)
Bubbles and troubles in Hong Kong
Pour yourself a coffee and digest this long article as we investigate several ongoing abusive "open offers" and placings as well as show you who's been making out in multi-billion-dollar bubbles. We call on regulators and rule-makers to take action. (24-Sep-2015)
Partial offer for unlisted Hong Fok Land International Ltd lapses
Company announcement, 14-Sep-2007
Winfoong IFA: offer price for unlisted shares is fair and reasonable
Company circular, 23-Aug-2007
...which is a contradiction of their previous advice, before the distribution of the unlisted shares was approved.
Winfoong "independent" shareholders approve distribution of unlisted shares by 96.6%
Company announcement, 25-Jul-2007
...despite the IFA telling them it was neither fair nor reasonable.
Winfoong IFA: proposed distribution of unlisted shares is neither fair nor reasonable
Company circular, 29-Jun-2007
...and if the distribution proceeds, then the IFA, Hercules Capital, says that the partial Offer for the distributed shares is "unattractive and is not fair and reasonable".

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