SANDMARTIN INTERNATIONAL HOLDINGS LIMITED

Fung Chuen v Sandmartin (0482)
HK Court of First Instance, 17-Oct-2017
The court grants inspection of documents relating to dubious deals by Sandmartin. Deputy Judge Alex Lee writes "I am satisfied that... a reasonable case for investigating whether the loans advanced to the two Nepalese Debtors were a pretext by the Company’s directors for siphoning off the Company’s funds to the detriment of its various stakeholders including the minority shareholders".
Fung Chuen v Sandmartin (0482) & others
HK Court of First Instance, 17-Aug-2017
Sandmartin (0482): breach of Listing Rules: undisclosed loans
Company announcement, 21-Sep-2016
Veto Lerado (1225) sale until they pay up
We call on Lerado shareholders to veto the sale of its core business unless and until the board increased the proposed special dividend from $0.30 to at least HK$1 per share. We would rather hold a stake in a real business than get trapped in another shell trading at a discount to its net cash. Management only owns 33%, so they had better listen to investors and revise the plan. David Webb holds just under 8%, and we need your support. (1-Sep-2014)
Heng Xin China (8046) issues convertible bond to Sandmartin (0482) for no good reasonSandmartin announcement
Company announcement, 17-Dec-2010
This HK$200m investment represents 24.3% of Sandmartin's equity at 30-Jun-2010. Sandmartin raised HK$203m in a Taiwan Depository Receipt issue in Dec-2009.

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