New Sports Group Limited 新體育集團有限公司

The Huarong-CMB network: 26 stocks not to own
In our first circuit diagram since the infamous Enigma Network, we examine the overlapping networks, bubbles and funding surrounding 26 HK-listed companies that your portfolio would probably do better without. (19-Oct-2018)
New Sports (0299) places shares with Ms Ai Qing, boosting her from 3.39% to 28.00%
Company announcement, 20-Mar-2018
We note that in Dec-2017, Ms Ai Qing subscribed for shares in China Goldjoy (1282), which has lent money to a substantial shareholder of New Sports.
China Goldjoy (1282) subsidiary lends HK$300m to Amuse Peace Ltd
Company announcement, 16-Jun-2016
China Goldjoy fails to state who owns the borrower. It is Zhang Xiaodong, Chairman and CEO of New Sports (0299). He has personally guaranteed the loan, which is also secured on 2.75bn shares (17.90%) of New Sports with a value at current market price of HK$313.5m.
Listing Committee censures/criticises New Sports (0299), 1 current and 5 former directors
SEHK, 6-Jan-2016
Sinocom (0299): update on investigation by Kroll
Company announcement, 4-Jul-2013
No solid evidence of commercial substance in loans to three entities which then passed money to SJI (Sinocom's parent). "SJI might have been experiencing cash difficulties...as SJI had just made repayments to Haitong" (which financed the takeover of Sinocom). Findings "suggested that Mr Li Jian was the "initiator" of the loan schemes"...by instructing Mr Ngan Leo. Kroll "recovered deleted files" from Ngan's PC, the timing and contents suggested deliberate concealment. COMMENT: the SFC should be investigating this. It appears that Sincom's cash pile was being raided to repay the cost of its own takeover by SJI.
Sinocom (0299): board now regards the unapproved loans as connected transactions
Company announcement, 23-Apr-2013
The money was lent by the 92% subsidiary, Sinocom Japan, to 3 entities which then funnelled it through to SJI, Sinocom's controlling shareholder. Two of SJI's directors sit on Sinocom's board and should have known about this all along.
Sinocom (0299): breach of Listing Rules: unapproved loans
Company announcement, 30-Jan-2013
After a takeover of Sinocom by a Japanese company last July, the bank accounts of Sinocom's Japanese subsidiary have been raided for Y2.49bn (HK$211.65m) outstanding in unapproved loans.
Sinocom Software (0299) - breach of Listing Rules on connected transactions
Company announcement, 25-Mar-2010
SFC fines Daiwa Securities SMBC Hong Kong Ltd & reprimands Mr Koji Yoshihara for breaching IPO stablisation rules
SFC, 2-Mar-2005
The stock is not named, but the only HK listing Daiwa sponsored in 2004 was Sinocom Software Group Ltd (0299).

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