Get Profit Holdings Limited (VG)

Raking muck, Part 2
Continuing our series, we look at a set of over-priced acquisitions and questionable transactions by China Post e-Commerce and others, building a matrix which demonstrates the close connections between the persons involved. We call on the SFC to investigate. (27-Feb-2012)
China Outdoor Media (0254) issues 150m and 60m warrants to Mr Kwok Ming Fai & Mr Huang Gui Dong respectively
Company announcement, 6-May-2009
We note that Mr Huang's company, Target Smart Ltd, was the purchaser in a major disposal by China Outdoor Media on 26-Nov-2008, when it sold First Union Ltd, which owned a property in Inner Mongolia, on 1-year payment terms. At the time, the owners of Target Smart Ltd (in the plural) were not disclosed.
Intcera High Tech (8041) buys 9% of iKanTV Ltd from Mr Kwok Ming Fai for HK$39.84m
Company announcement, 6-Apr-2009
Satisfied by 830m shares @$0.048. The loss-making startup target has net liabilities of $1.3m.

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