Heng Xin China Holdings Limited 恒芯中國控股有限公司

Court dismisses challenge to SFC's search warrant and provision of information to CSRC
SFC, 8-Dec-2017
We attach the judgment, which provides a rare look inside the Enforcement Division of the SFC and how it investigates cases. Requests from the CSRC involved the first investigation of alleged manipulation under the Stock Connect scheme with Shanghai, for which Mr Tang Hanbo was convicted on the mainland on 2-Mar-2017 and fines totalling RMB1.2bn were imposed. Mr Tang is a HK resident. The SFC had earlier commenced investigations in separate cases in HK, and the search warrant was obtained for those, without mentioning any co-operation with the CSRC.
Mainland punter in billion-dollar fight
HK Standard, 14-Dec-2016
Heng Xin (8046) buys JTI Securities Ltd
Company announcement, 7-Jun-2016
Raking muck, Part 5
In the penultimate episode, we look at a transaction in progress by Railsmedia (0745) and how it connects with CPEC (8041), COMG (0254) and 3 shells. We also introduce a 10th listed company to the story, Zhi Cheng (8130) which has such a track record of value destruction that it has consolidated its shares by 200,000 to 1 since 2007. (11-Mar-2012)
HK Court of Appeal, 10-Feb-2012
LWP is almost certainly Leung Wo Ping, an INED of Heng Xin China (8046) and Zhuguang (1176). Whoever he is, the respondent receives almost half his income from being INED of two listed companies and has outgoings exceeding his income and low liquid assets, which brings into question his independence of those companies. He should be redesignated as non-independent.
Truly pointless bonus issues and splits
Why do boards propose bonus issues and stock splits? We look at the drawbacks and the false and misleading reasons often advanced for such actions. If liquidity is really a concern, then a reduction in board lot size is the simplest and best way to go. Splits and bonuses are more a sign of desperation than of a sophisticated, value-focused board. (27-Dec-2010)
Heng Xin China (8046) issues convertible bond to Sandmartin (0482) for no good reasonSandmartin announcement
Company announcement, 17-Dec-2010
This HK$200m investment represents 24.3% of Sandmartin's equity at 30-Jun-2010. Sandmartin raised HK$203m in a Taiwan Depository Receipt issue in Dec-2009.
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)
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)
PME (0379) buys CB and shares in CSCP (0351)
Company announcement, 13-May-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.
Tiger Tech (8046) subscribes HK$10m convertible bonds in CSCP (0351)
Company announcement, 9-Oct-2008
The subscription is via Right Source Investment Ltd, a wholly-owned subsidiary.
SFC prosecutes Tiger Tech (8046) for failing to keep and update registers of interests in shares
SFC, 22-Jun-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)
Fortuna Investments Limited v Tony Hoo
HK Court of First Instance, 9-Mar-2005
Breach of GEM Listing Rules 18.49 and 18.03
Company announcement, 2-Oct-2003
Breach of GEM Listing Rule 18.03
Company announcement, 26-Sep-2003
Allotment results and concentration warning
Company announcement, 11-Apr-2003

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