China Ever Grand Financial Leasing Group Co., Ltd. 中國恒嘉融資租賃集團有限公司

SFC v Ivy Chan Shui Sheung
HK Court of First Instance, 9-Apr-2015
The ongoing case relates to PME (0379).
PME (0379) director Ivy Chan Shui Sheung acquitted
SFC, 8-Nov-2013
PME (0379) convicted of making false or misleading announcements
SFC, 5-Aug-2013
SFC prosecutes PME (0379) and its director for false or misleading announcements
SFC, 5-Jul-2012
PME (0379) and ED Ivy Chan Shui Sheung summonsed for alleged false or misleading statementsCRL announcement.
Company announcement, 12-Jun-2012
The summonses are probably by the SFC under the Securities and Futures Ordinance. Webb-site warned investors about this company and related firm China Railway Logistics (8089) back in 2009.
China Railway Logistics (HK:8089) buys promissory note in Chinese Global (SGX:5CJ) from PME Investments (BVI) Co., Ltd.
Company announcement, 3-May-2012
This promissory note was part of the consideration when Chinese Global bought a stake in PME Group Ltd (HK:0379). With only 37 days to maturity, there is a substantial discount of 15.26% on the note, assuming that it is repaid.
Chinese Global (SGX:5CJ) buys 7.3% of PME (HK:0379) from PME Investments (BVI) Co., Ltd.
Company announcement, 28-Jul-2011
The consideration includes a promissory note "in the sum of" S$4,771,430 (HK$30,680,415). Completion occurred on 7-Dec-2011. On 30-Apr-2012 this note was sold to China Railway Logistics Ltd (HK:8089) which said that the principal amount was HK$30,680,415 (not in Singapore dollars).
Wong Lik Ping subscribes CBs in PME Group (0379)
Company announcement, 13-May-2010
PME (0379) proposes bond issue convertible at 92.4% discount into 83.0% of company
Company announcement, 11-Jan-2010
Really, we're not joking...
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)
China Railway Games
In part 2 of a series, we look at how HK$16bn of market cap evaporated when bubbles around China Railway Logistics, PME and Forefront burst. Each dealt with the same purported arm of the Ministry of Railways for joint ventures in wagon-leasing, media and online ticketing, each of which failed to get started. A miriad of BVI shells with shadowy owners are involved, but at least one has exposed himself in a court case. (11-Jun-2009)
Byford bubble
Investors should beware of a bubble in Byford (8272), which boasts two celebrity shareholders - New World Development's Cheng Yu Tung and Angela Leong, a wife of casino tycoon Stanley Ho. Both apparently paid 186x net asset value for the shares. (1-Jun-2009)
PME (0379) buys CB and shares in CSCP (0351)
Company announcement, 13-May-2009
China Fortune (0290) agrees to issue $32m convertible bonds to PME (0379)PME announcement
Company announcement, 6-May-2009
The conversion price is a 44.8% discount to market. Although PME already has a 22.32% interest in China Fortune shares, 15.21% of this is another convertible bond, so under the Listing Rules PME has only 7.11%, which is less than 10%, so this is not a connected transaction.
PME (0379) sells shares in Byford (8272)
Company announcement, 5-May-2009
PME (0379) subscribes $11.5m in China Fortune (0290) CB and buys 8m shares in market for $2.0m.
Company announcement, 24-Feb-2009
Tiger Tech (8046) sells $10m of CSCP convertible bonds for $12.6m to PME (0379) and China Railway Logistics (8089)PME announcement
Company circular, 19-Dec-2008
The buyers were named as First Champion Worldwide Ltd and Gold Max Asia Ltd. As of 31-Dec-08, First Champion Worldwide Ltd was owned by China Railway Logistics Ltd, so we assume it was at 19-Dec-08.
PME buys 27.1% of BMI (8158) from its Chairman, and BMI sells core business to ChairmanBMI announcement
Company announcement, 27-May-2008
PME (0379) buys 71m shares (14.51%) of China Railway Logistics (8089) from Chan Foo Wing @$4.00
Company announcement, 18-Dec-2007
PME (0379) conditionally agrees to buy 52.42m shares (13.29%) of Proactive (8089) from Mr Liu Yi Dong @$17.72Termination
Company announcement, 4-Jul-2007
The deal was terminated on 30-Jun-08.

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