L.R. Capital Management Company (Cayman) Limited 瓴睿資本集團
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.
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.
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.
Hiding behind the cornerstones
Webb-site reveals that investors who took 31% of a bank IPO had secretly laid off their risk by issuing derivatives to a mainland property developer from the same city, via two HK-listed companies which incidentally are bubble stocks. When we complained, HKEX did not require disclosure of the bank’s identity, thereby preserving the secrecy behind the cornerstone investors which facilitate HKEX’s IPO business. Once again, the regulatory conflict of interest is exposed. (3-Oct-2016)
Webb-site reveals that investors who took 31% of a bank IPO had secretly laid off their risk by issuing derivatives to a mainland property developer from the same city, via two HK-listed companies which incidentally are bubble stocks. When we complained, HKEX did not require disclosure of the bank’s identity, thereby preserving the secrecy behind the cornerstone investors which facilitate HKEX’s IPO business. Once again, the regulatory conflict of interest is exposed. (3-Oct-2016)
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