AMTD IDEA Group
SFC commences legal proceedings against AMTD Global Markets Ltd and its former executives for non-compliance in IPO-related investigations
SFC, 23-Nov-2023
SFC, 23-Nov-2023
AMTD Chairman Calvin Choi Chi Kin loses appeal: banned by SFC for 2 years
| SFAT Report
SFC, 29-Sep-2023
The SFC's investigation followed the Webb-site article "Hiding behind the cornerstones" of 3-Oct-2016, which also featured a number of other dubious transactions.
SFC, 29-Sep-2023
The SFC's investigation followed the Webb-site article "Hiding behind the cornerstones" of 3-Oct-2016, which also featured a number of other dubious transactions.
Censure of China Bright Culture (1859) and Mr Liu Mu; criticism of Mr Xia Rui
SEHK, 21-Nov-2022
For diverting most of the IPO proceeds into a promissory note arranged by AMTD Global Markets Ltd, which was a Joint Global Coordinator of the IPO. The note was issued by L.R. Capital Property Investment Ltd, which was "affiliated" with AMTD, although the Exchange doesn't say how.
SEHK, 21-Nov-2022
For diverting most of the IPO proceeds into a promissory note arranged by AMTD Global Markets Ltd, which was a Joint Global Coordinator of the IPO. The note was issued by L.R. Capital Property Investment Ltd, which was "affiliated" with AMTD, although the Exchange doesn't say how.
Calvin Choi Chi Kin v SFC
| Hiding behind the cornerstones
SFAT, 29-Apr-2022
The Chairman & CEO of AMTD applies for anonymity in his appeal and is refused. The SFC has ordered him banned for 2 years for breaches of the Code of Conduct. The substantive appeal will be heard later. The subject matter appears to relate to our article "Hiding behind the cornerstones" of 3-Oct-2016.
SFAT, 29-Apr-2022
The Chairman & CEO of AMTD applies for anonymity in his appeal and is refused. The SFC has ordered him banned for 2 years for breaches of the Code of Conduct. The substantive appeal will be heard later. The subject matter appears to relate to our article "Hiding behind the cornerstones" of 3-Oct-2016.
Put option agreement on US$14.1m of 7.25% perpetual securities issued by AMTD International Inc.
US SEC, 31-Dec-2021
Our records indicate that the grantor is or was 90% owned by Raymond Qu Xiaochuan. The grantee, Honormate Nominees Ltd, is owned by Regal Hotels (0078).
US SEC, 31-Dec-2021
Our records indicate that the grantor is or was 90% owned by Raymond Qu Xiaochuan. The grantee, Honormate Nominees Ltd, is owned by Regal Hotels (0078).
Unicorn Star Ltd subscribes US$600k for shares of AMTD International Inc.
US SEC, 29-Dec-2021
The subscriber is wholly-owned by Regal Hotels (0078).
US SEC, 29-Dec-2021
The subscriber is wholly-owned by Regal Hotels (0078).
China Bright Culture (1859): further details of the AMTD investment, and termination thereof
Company announcement, 3-Sep-2021
It now emerges that the money "managed" by AMTD was invested in a promissory note issued by L.R. Capital Property Investment Ltd, the owner of which it fails to disclose.
Company announcement, 3-Sep-2021
It now emerges that the money "managed" by AMTD was invested in a promissory note issued by L.R. Capital Property Investment Ltd, the owner of which it fails to disclose.
Censure of IntelliCentrics (6819) and 2 EDs
SEHK, 29-Jun-2021
For diverting almost all of its net IPO proceeds on 27-Mar-2019, the day of listing, into promissory notes issued by offshore companies via AMTD Global Markets Ltd, without evening knowing who owned the companies. AMTD was one of the IPO Joint Bookrunners. We know that one of the borrowers, Ariana Capital Investment Ltd, is or was owned by Andrew Chiu, who became a Vice Chairman of AMTD International Inc (parent of AMTD Global Markets Ltd) in Dec-2019.
SEHK, 29-Jun-2021
For diverting almost all of its net IPO proceeds on 27-Mar-2019, the day of listing, into promissory notes issued by offshore companies via AMTD Global Markets Ltd, without evening knowing who owned the companies. AMTD was one of the IPO Joint Bookrunners. We know that one of the borrowers, Ariana Capital Investment Ltd, is or was owned by Andrew Chiu, who became a Vice Chairman of AMTD International Inc (parent of AMTD Global Markets Ltd) in Dec-2019.
China Bright Culture (1859): we put most of our IPO cash into a 2-year asset management deal with AMTD and failed to announce it, breaching Listing Rules
Company announcement, 28-Aug-2020
We note that AMTD Global Markets Ltd was a Joint Global Coordinator of the IPO. In 2019, AMTD struck a similar deal with another IPO client, IntelliCentrics (6819), which was belatedly announced on 19-May-2020.
Company announcement, 28-Aug-2020
We note that AMTD Global Markets Ltd was a Joint Global Coordinator of the IPO. In 2019, AMTD struck a similar deal with another IPO client, IntelliCentrics (6819), which was belatedly announced on 19-May-2020.
Ariana Capital Investment Ltd buys 10.03% of Bank of Qingdao H-shares (3866.HK)
| Related filing
Disclosure of interest, 26-Jun-2020
Ariana fails to disclose the price. No shareholder of Ariana discloses a corresponding interest, but we know it is or was owned by Andrew Chiu Wah Wai. Mr Chiu is Vice Chairman of AMTD International Inc (NYSE:HKIB). The sellers were 2 wholly-owned subsidiaries of that company, which thereby cuts its holding to 12.76% of the H-shares. Update: the 2020 report of AMTD Intl discloses the sale price of $5.50/share, or HK$972.2m in total. In addition, $3.50 per share, totalling $618.7m, was paid by Ariana to settle a derivative amount due on the same shares, taking the price to $9.00, 80% above the current market price of $5.00.
Disclosure of interest, 26-Jun-2020
Ariana fails to disclose the price. No shareholder of Ariana discloses a corresponding interest, but we know it is or was owned by Andrew Chiu Wah Wai. Mr Chiu is Vice Chairman of AMTD International Inc (NYSE:HKIB). The sellers were 2 wholly-owned subsidiaries of that company, which thereby cuts its holding to 12.76% of the H-shares. Update: the 2020 report of AMTD Intl discloses the sale price of $5.50/share, or HK$972.2m in total. In addition, $3.50 per share, totalling $618.7m, was paid by Ariana to settle a derivative amount due on the same shares, taking the price to $9.00, 80% above the current market price of $5.00.
IntelliCentrics (6819): we put our IPO proceeds into promissory notes arranged by AMTD Global Markets Ltd and didn't announce it, breaching Listing Rules
Company announcement, 19-May-2020
AMTD Global Markets Ltd was a Joint Global Coordinator in the IPO. We know that one of the borrowers, Ariana Capital Investment Ltd, is or was owned by Andrew Chiu, who became a Vice Chairman of AMTD International Inc (parent of AMTD Global Markets Ltd) in Dec-2019.
Company announcement, 19-May-2020
AMTD Global Markets Ltd was a Joint Global Coordinator in the IPO. We know that one of the borrowers, Ariana Capital Investment Ltd, is or was owned by Andrew Chiu, who became a Vice Chairman of AMTD International Inc (parent of AMTD Global Markets Ltd) in Dec-2019.
P&R swaps 8.25% of Cosmopolitan (0120.HK) for shares in AMTD International (NYSE:HKIB) with AMTD Group Co Ltd
Company announcement, 24-Jan-2020
P&R is owned 50:50 by Paliburg (0617) and Regal Hotels (0078), a 69.25% subsidiary of Paliburg. The deal is valued at HK$626.1m based on an AMTD price of US$8.45 and a Cosmopolitan price of HK$1.70. The 9.5m A-Shares in AMTD International are 16.89% of the class, 3.87% of the equity and 0.25% of the voting rights, raising the Paliburg group holding to 34.82% of the class, 8.84% of the equity and 0.58% of the voting rights.
Company announcement, 24-Jan-2020
P&R is owned 50:50 by Paliburg (0617) and Regal Hotels (0078), a 69.25% subsidiary of Paliburg. The deal is valued at HK$626.1m based on an AMTD price of US$8.45 and a Cosmopolitan price of HK$1.70. The 9.5m A-Shares in AMTD International are 16.89% of the class, 3.87% of the equity and 0.25% of the voting rights, raising the Paliburg group holding to 34.82% of the class, 8.84% of the equity and 0.58% of the voting rights.
P&R and Cosmo (0120) acquire shares in AMTD Intl (NYSE:HKIB)
| Circular
Company announcement, 2-Jan-2020
P&R is owned 50:50 by Paliburg (0617) and its subsidiary Regal Hotels (0078). P&R's subsidiary Cosmo sells, on the year-end date, a failed investment in Yuancheng Logistics to Fortis Fund IV Ltd. The circular reveals this is owned by Mr Cong Lin, a director of a controlling shareholder of AMTD Group. In return, Cosmo buys 6.069m A-shares in AMTD Intl from AMTD Group for HK$400m. P&R is also sells 4.98% of Cosmo to International Merchants Holdings for HK$374m. The circular reveals this is 90% owned by Qu Xiao Chuan. In return, P&R buys 5.674m A-shares of AMTD Intl for HK$374m. Finally, P&R sells 50% of a hotel in Sheung Wan to AMTD Group for $270m (net of debt), of which $60m is in cash and the rest an IOU.
Company announcement, 2-Jan-2020
P&R is owned 50:50 by Paliburg (0617) and its subsidiary Regal Hotels (0078). P&R's subsidiary Cosmo sells, on the year-end date, a failed investment in Yuancheng Logistics to Fortis Fund IV Ltd. The circular reveals this is owned by Mr Cong Lin, a director of a controlling shareholder of AMTD Group. In return, Cosmo buys 6.069m A-shares in AMTD Intl from AMTD Group for HK$400m. P&R is also sells 4.98% of Cosmo to International Merchants Holdings for HK$374m. The circular reveals this is 90% owned by Qu Xiao Chuan. In return, P&R buys 5.674m A-shares of AMTD Intl for HK$374m. Finally, P&R sells 50% of a hotel in Sheung Wan to AMTD Group for $270m (net of debt), of which $60m is in cash and the rest an IOU.
Andrew Chiu's Ariana Capital Investment Ltd subscribes shares in AMTD International Inc (NYSE:HKIB)
Company filing, 19-Dec-2019
US$38.25m for 4,526,627 A-shares at US$8.45 each.
Company filing, 19-Dec-2019
US$38.25m for 4,526,627 A-shares at US$8.45 each.
Value Partners Greater China High Yield Income Fund subscribes shares in AMTD International Inc. (NYSE:HKIB)
Company filing, 19-Dec-2019
US$23.5m for 2,781,065 A-Shares at $8.45 each.
Company filing, 19-Dec-2019
US$23.5m for 2,781,065 A-Shares at $8.45 each.
Calvin Choi's Infinity Power Investments Ltd subscribes B-shares in AMTD International Inc.
Company filing, 19-Dec-2019
US$38.25m for 4,526,627 B-shares at $8.45 each. Mr Choi is the Chairman and CEO of the issuer. In the US markets, independent shareholders' approval is not needed for such issues.
Company filing, 19-Dec-2019
US$38.25m for 4,526,627 B-shares at $8.45 each. Mr Choi is the Chairman and CEO of the issuer. In the US markets, independent shareholders' approval is not needed for such issues.
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