Applied Development Holdings Limited

Applied Dev (0519) invests HK$200m in 20% of JV
Company announcement, 12-Dec-2016
The JV is 80% owned by China Tian Yuan International Finance Ltd, the owner of which is not disclosed. The JV has total assets of HK$790.82m at 30-Nov-2016, of which the major investment is "certain domestic shares", the identity of which is not disclosed. We can tell you from other filings that the JV owns 22.02% of the domestic shares of Nanjing Sample Tech (H-shares: 1708) acquired for CNY635.22m on 29-Sep-2016 and that CTYIFL is ultimately owned by Mr Jia Tianjiang.
Mimi Wong Kar Gee v K C Ho & Fong
HK Court of First Instance, 20-May-2015
Mimi Wong Kar Gee v Raymond Hung Kin Sang
HK Court of Final Appeal, 18-May-2015
The long divorce battle surrounding the co-founders of Applied Development (0519) comes to an end, with the husband winning the final round.
China Strategic (0235) buys 8.62% of Applied Development (0519)
Company announcement, 2-Dec-2014
The cost is $0.30 per share, $45m total. These are half of the shares sold in a placement by Raymond Hung Kin Sang, who has been through a messy divorce. His stake is reduced to 31.66%.
Mimi Wong Kar Gee v Raymond Hung Kin Sang
HK Court of Final Appeal, 23-Oct-2014
Leave to appeal on one issue is granted by the Court of Final Appeal, in the long-running divorce battle surrounding Applied Development (0519).
MKKWH v RKSH
HK Court of Appeal, 26-Mar-2014
In the divorce of Mimi Wong Kar Gee and Raymond Hung Kin Sang, the court has come to the view (para 14) that "the shell" (Applied Development (0519)) has a value of HK$258m above NAV. We concur - this is roughly the going rate for back-door listings - but only if you are the controlling shareholder.
MKKWH v RKSH
HK Court of Appeal, 15-Oct-2013
MKKWH v RKSH
HK Court of Appeal, 24-Sep-2013
In this divorce case, the value of the controlling shareholding in Applied Development (0519) is based on NAV plus $250m for the shell, or $0.788 per share. This excludes the redevelopment potential of Severn Villa on the Peak, of which ADHL owns 4 units out of 6.
Re Lucy Stone QC
HK Court of First Instance, 28-May-2013
In the case of the Ming and Qing antique furniture, Mimi Wong Kar Gee fails to get a London silk admitted, and the HK Bar Association protects its closed shop. We can't have HK Senior Counsel going hungry, can we?
MKKWH v RKSH
HK Court of Appeal, 27-Feb-2013
MKKWH v RKSH
HK Court of Appeal, 30-Jan-2013
Mimi Wong Kar Gee v Hogan Lovells
HK Court of First Instance, 25-Sep-2012
Mimi Wong Kar Gee v Applied Development (0519) and her ex-husband
HK Court of First Instance, 8-Jun-2012
See paragraph 21 for entertainment.
Mimi Wong Kar Gee v Applied Development (0519) and her ex-husband
HK Court of First Instance, 1-Jun-2012
Mimi Wong Kar Gee v Applied Development (0519) and her ex-husband
HK Court of First Instance, 22-May-2012
Mimi Wong Kar Gee v Raymond Hung Kin Sang: costs
HK Court of Appeal, 15-May-2012
Mimi Wong Kar Gee v Applied Development (0519) and her ex-husband
HK Court of First Instance, 12-Apr-2012
Mimi Wong Kar Gee v Applied Development (0519) and her ex-husband
HK Court of Appeal, 12-Jan-2012
Mimi Wong Kar Gee v Applied Development (0519) and her ex-husband
HK Court of First Instance, 31-Oct-2011
Mimi Wong Kar Gee v Applied Development (0519) and her ex-husband
HK Court of First Instance, 24-Oct-2011
Mimi Wong Kar Gee v Applied Development (0519) and her ex-husband
HK Court of First Instance, 30-Sep-2011
Mimi Wong Kar Gee v Applied Development (0519) and her ex-husband
HK Court of First Instance, 30-Aug-2011
Ms Wong alleges that company funds were used to decorate the home of Mr Hung's alleged mistress and to employ her for a non-job. As a shareholder, she seeks access to company documents to investigate this, in the first case to be brought under s152FA of the Companies Ordinance since it came into force on 15-Jul-2005. The judge's liberal interpretation of this section provides encouragement to future activism, although he highlights a flaw in the law - it does not extend to documents of subsidiaries unless the parent has copies already.
Mimi Wong Kar Gee v Applied Development Holdings Ltd
HK Court of First Instance, 7-Jun-2011
Actions against Applied Development (0519) by Mimi Wong Kar Gee
Company announcement, 23-Feb-2011
Trouble and strife at Applied Development
An encrypted Court of Appeal judgment reveals a classic basket case of corporate governance problems at Applied Development (0519) - a case study of what can go wrong with small, family-run HK-listed companies. (18-Jan-2011)
Mimi Wong Kar Gee not re-elected at Applied Development AGM
Company announcement, 14-Jan-2011
Mimi Wong Kar Gee v Raymond Hung Kin Sang
HK Court of Appeal, 12-Jan-2011
Applied Development adjourns AGM to mid-Jan-2011 pending appeal
Company announcement, 22-Oct-2010
Applied Development "re-designates" Mimi Wong Kar Gee to non-executive director, replaces her with son as Chairman
Company announcement, 10-Jun-2010
Censure and Criticism of Mr Fang Chin Ping, and Criticism of Mr Raymond Hung Kin Sang
SEHK, 31-May-2005
Breach of Listing Rule 14.26(6)(a)
Company announcement, 26-Oct-2001

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