Hua Han Health Industry Holdings Limited 華瀚健康產業控股有限公司

Revealed: SFC probes Chairman, CEO of Hua Han Health (0587), freezes their accounts
The SFC has frozen accounts at 3 brokerages up to HK$3.81bn, the amount raised by HHH in 2015 in an open offer ($3.19bn) and a CB ($0.62bn) issued to Huarong (2799) and CCB (0939). The SFC suspects false or misleading statements and misappropriation of part of the proceeds. (16-Feb-2019)
SFC directs suspension of Hua Han Health (0587)
SEHK, 20-Nov-2018
It's been suspended since 27-Sep-2016 when it first missed a results deadline.
Hua Han Bio (0587): all 3 INEDs replaced
Company announcement, 24-Jul-2015
All 3 INEDs resigned simultaneously, 2 due to "other personal commitments" and 1 due to "other business commitments", and were immediately replaced.
Hua-Han Bio: our auditors resigned 23 days ago
Company announcement, 17-Sep-2010
CSFB's Toxic Convertibles lifts the lid on the toxic convertibles scam in HK, in which small, mostly naive companies surrender control over future equity issuance to an investment bank, whose principal interest is to lock in a profit by converting bonds on a rolling basis at a deep discount to market and selling the resulting shares. CSFB has led the way down this value-destroying path, with Merrill Lynch recently joining the fray. We estimate that the banks make a gross profit on money raised of about 31%, and the average stock price has fallen 30% since a toxic convertible was launched. If you are a listed company, just say no. If you are an institutional investor, take your business elsewhere. (8-Jun-2005)

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