Dongwu Cement International Limited 東吳水泥國際有限公司

Questions on Teamway (1239) and a bit of soccer
An HKEX decision last week led us to discover an inflated acquisition that looks like a cash extraction exercise, possibly to cover an earlier outlay of "earnest money". A sudden surge in profits of the acquired consultancy coincides with a Chinese takeover of troubled soccer team A.C. Milan, or Rossonori, which prints more red ink than black, and a deeply-subordinated loan to its Chairman. (22-Oct-2017)
Dongwu (0695) buying Goldenway Securities Co Ltd for HK$16m
Company announcement, 2-Aug-2017
Concentration warning in Dongwu Cement (0695)
SFC, 28-Aug-2012

Sign up for our free newsletter

Recommend Webb-site to a friend

Copyright & disclaimer, Privacy policy

Back to top