GEO Securities Limited 智易東方證券有限公司
Tsang Chung Yu, ex-INED of Metaverse Yunji (ex-8287) and 11 others charged with alleged 66m share options fraud
| ICAC announcement
SFC, 25-Oct-2024
We note that the 5-year options were granted on 8-Sep-2022, in the midst of a court battle for control of the board, exhausting the 10% limit in one go. All 10 recipients chose to exercise the options that day, with shares issued on 9-Sep-2022 and deposited with the same broker in CCASS. Only 2 purported directors, including Mr Tsang, signed the attendance sheet of the board meeting to grant the options. The other was ED Mr Cheng Kwan Yu, who is not charged. All 10 grantees are charged, along with a Chan Wai Lung, whose alleged role is not yet known. Helpfully, the ICAC routinely gives the ages of defendants. The SFC fails to do so, making it harder to identify them.
SFC, 25-Oct-2024
We note that the 5-year options were granted on 8-Sep-2022, in the midst of a court battle for control of the board, exhausting the 10% limit in one go. All 10 recipients chose to exercise the options that day, with shares issued on 9-Sep-2022 and deposited with the same broker in CCASS. Only 2 purported directors, including Mr Tsang, signed the attendance sheet of the board meeting to grant the options. The other was ED Mr Cheng Kwan Yu, who is not charged. All 10 grantees are charged, along with a Chan Wai Lung, whose alleged role is not yet known. Helpfully, the ICAC routinely gives the ages of defendants. The SFC fails to do so, making it harder to identify them.
Zioncom (8287) grants options over 66m shares @$0.066
| Next day disclosure return
Company announcement, 8-Sep-2022
The option shares are equal to 10% of the existing issued shares, exhausting the limit of the scheme. The exercise period was 5 years, but they were all exercised with shares issued the day after the option grant, 9-Sep, and the new shares were deposited with GEO Securities Ltd the same day.
Company announcement, 8-Sep-2022
The option shares are equal to 10% of the existing issued shares, exhausting the limit of the scheme. The exercise period was 5 years, but they were all exercised with shares issued the day after the option grant, 9-Sep, and the new shares were deposited with GEO Securities Ltd the same day.
SFC suspends Francis Lun Sheung Nim for 7.2 months
| Statement of Disciplinary Action
SFC, 10-Jun-2021
Lun "failed to appreciate and discharge his responsibilities as an RO and senior management of a licensed corporation".
SFC, 10-Jun-2021
Lun "failed to appreciate and discharge his responsibilities as an RO and senior management of a licensed corporation".
SFC fines GEO Securities Ltd HK$6.3m for regulatory breaches in 2014-15
| Statement of Disciplinary Action
SFC, 23-Mar-2021
SFC, 23-Mar-2021
GEO Securities deal restructured
Company announcement, 14-Oct-2016
Unspecified condition(s) of the 3-way venture cannot be fulfilled, so Capital VC (2324) is replaced as a 28% holder by another Chapter 21 investment company, China Investment and Finance (1226). China Automotive Interior Decoration (0048) will still own 42% and Ms Li Chui Ling, who owns 100%, will own 30%.
Company announcement, 14-Oct-2016
Unspecified condition(s) of the 3-way venture cannot be fulfilled, so Capital VC (2324) is replaced as a 28% holder by another Chapter 21 investment company, China Investment and Finance (1226). China Automotive Interior Decoration (0048) will still own 42% and Ms Li Chui Ling, who owns 100%, will own 30%.
CAID (0048) reveals the other shareholders of GEO Securities Ltd
Company announcement, 7-Jul-2016
This follows a complaint by Webb-site that CAID had failed to say who it was getting into bed with. This turns out to be Capital VC (2324), which is subscribing 29.997%. The remainder will be held by Ms Li Chui Ling, who currently owns 100%.
Company announcement, 7-Jul-2016
This follows a complaint by Webb-site that CAID had failed to say who it was getting into bed with. This turns out to be Capital VC (2324), which is subscribing 29.997%. The remainder will be held by Ms Li Chui Ling, who currently owns 100%.
CAID (0048) to subscribe 42% of stockbroker GEO Securities Ltd
Company announcement, 28-Jun-2016
A second, unnamed subscriber is taking 283.78m shares (27.997%) of the broker. The announcement also fails to disclose who will own the remaining 30.003%, instead just naming the manager, Francis Lun Sheung Nim, who is often quoted in the media.
Company announcement, 28-Jun-2016
A second, unnamed subscriber is taking 283.78m shares (27.997%) of the broker. The announcement also fails to disclose who will own the remaining 30.003%, instead just naming the manager, Francis Lun Sheung Nim, who is often quoted in the media.
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy