CHINA STRATEGIC HOLDINGS LIMITED 中策集團有限公司

China Strategic (0235) buys 8.62% of Applied Development (0519)
Company announcement, 2-Dec-2014
The cost is $0.30 per share, $45m total. These are half of the shares sold in a placement by Raymond Hung Kin Sang, who has been through a messy divorce. His stake is reduced to 31.66%.
China Strategic (0235) and Cordoba Homes Ltd (BVI) in money-lending JV
Company announcement, 1-Aug-2013
China Strategic bubble
We warn investors of a bubble in the stock of China Strategic, the 80% owner of the proposed buyer of Taiwan's Nan Shan Life Insurance, partly financed by a massive note issue convertible into 78bn shares at $0.10 each. We publish the placing list and analyse the names in the deal. Finally, we warn investors to avoid 7 companies in the "Chung Nam network", which has lost HK$6.2bn in 5 years. (13-Nov-2009)
HKEx: no reform to placing mandate...or anything else
HKEx's decision to leave the Rules on dilutive issue mandates unchanged is an insult to investor opinion, expressed by their voting on this matter. Since the 2008 blackout saga, the Government and its regulators are unwilling to upset the local business elite with reforms. As China heads for an international currency, the tycoons are not as important to the market's future as HKEx seems to think they are. (27-Oct-2009)
The paid advert opposing the blackout rule
With links to the signatories in Webb-site Who's Who. (29-Dec-2008)
Concentration warning
Company announcement, 1-Mar-2007
China Strategic (0235): HK$190m acquisition from Mr Chan Chung Chiu, 30-Sep-2003
Company filing, 26-May-2006
This HK$190m acquisition was unannounced, but showed up in documents on display on 26-May-2006. The purchaser was 100% owned by China Strategic. Completion occurred in Oct-2003. The target was later renamed Zhuhai Zhongce Property Investment Ltd and distributed as a subsidiary of Group Dragon Investments Ltd which was acquired by Hanny Holdings Ltd (0275) which sold it in the year to 31-Mar-2008 to an unnamed party at a loss of $99.29m.
SFC prosecutes Mr Choo Yeow Ming for disclosure failure in China Strategic (0235)
SFC, 1-Sep-2004
China Strategic shareholders veto rights issue and whitewash waiver by 99.9%
Company announcement, 4-Jun-2002
The shares have been trading ex-entitlement since 24-May-2002
HK's Takeunder Code
Three recent "takeunders" of Beauforte Investors, China Internet Global Alliance and Tung Fong Hung have reminded investors how ineffective Hong Kong's takeover code is. In each case, a buyer has been willing to pay a substantial premium for a stake which, while under 35%, is clearly enough to achieve control without making a general offer. Webb-site.com urges the SFC to reduce the threshold for these "takeunder" transactions. (18-Dec-2000)
Pacific Roundabout
Richard Li's Pacific Century Group is reversing a property called Pacific Century Place, Beijing, into Hong Kong-listed Tricom, currently a subsidiary of China Strategic. Webb-site.com reveals a previous link between China Strategic and the property, once known as Nation Wealth Plaza. (5-May-1999)

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