Luen Wong Group Holdings Limited 聯旺集團控股有限公司

Jia Meng (8101) sells Luen Wong (8217) after Enigma meltdown
Company announcement, 30-Jun-2017
The average sale price was $0.97. The shares represented 36.9% of JM's net assets at 31-Mar-2017, when the market price was $19.00.
CEEI (0986) dumps Luen Wong (8217) on day 2 of Enigma Network meltdown
Company announcement, 29-Jun-2017
Proceeds were $18.66m, or $1.046 per share. CEEI bought the shares on 20-Jul-2016 at an average $6.977 per share. At the time, CEEI said that Luen Wong was "a good investment opportunity" and "an attractive investment which will provide satisfactory return". As we said at the time, the Price/Book ratio was 321 and the P/E was 861. How could any reasonable board make such statements?
The Enigma Network: 50 stocks not to own
Sometimes, all you need to tell a story is a picture. (15-May-2017)
CEEI (0986) sells China Jicheng (1027), buys Luen Wong (8217)
Company announcement, 18-Aug-2016
What it doesn't say: CEEI has breached Listing Rules by failing to obtain shareholders' approval in advance of Major Transactions and by failing to announce them for 4 weeks. Each stock is the subject of SFC concentration warnings. We calculate that the purchase of Luen Wong shares is at a P/B of 321 and a P/E of 861. CEEI says the deal is "fair and reasonable", "a good investment opportunity" and "an attractive investment which will provide satisfactory return".
Concentration warning in Luen Wong (8217)
SFC, 28-Apr-2016
Luen Wong (8217) allotments and concentration warningCCASS allocations
Company announcement, 11-Apr-2016

Sign up for our free newsletter

Recommend Webb-site to a friend

Copyright & disclaimer, Privacy policy

Back to top