Acclime Corporate Advisory (Hong Kong) Limited 凱晉企業顧問有限公司
Sanctions against 5 ex-directors of China Clean Energy Technology (2379)
| Second statement
SEHK, 15-Jun-2023
For failing to comply with a requisition of EGM by receivers holding 57.51% of the shares. Unusually, the action is split into two statements.
SEHK, 15-Jun-2023
For failing to comply with a requisition of EGM by receivers holding 57.51% of the shares. Unusually, the action is split into two statements.
China Smarter Energy (1004) tries to explain why it only got HK$1.2m for assets which others valued around 100x higher
Company announcement, 14-Apr-2023
CSE valued its 1.71% stake of Seekers Partners Ltd at 31-Dec-2021 at HK$0.04 per share or $1.126m, but on the same date, Shandong Hi-Speed (0412) valued its 2.91% stake at $4.396 per share ($211m), after a 25% discount for lack of marketability, and Touyun Biotech (1332) valued its 0.55% stake at $27m ($2.96 per share). CSE says it couldn't attract buyers because all 3 investees refused to provide financial data - to which SHS and Touyun apparently had access. Similar gross disparities apply to the stake in FreeOpt Holdings Ltd. In the end, CSE sold all 3 to Mr Au Yeung Kai Chor in order to finalise their overdue audited accounts and resume trading.
Company announcement, 14-Apr-2023
CSE valued its 1.71% stake of Seekers Partners Ltd at 31-Dec-2021 at HK$0.04 per share or $1.126m, but on the same date, Shandong Hi-Speed (0412) valued its 2.91% stake at $4.396 per share ($211m), after a 25% discount for lack of marketability, and Touyun Biotech (1332) valued its 0.55% stake at $27m ($2.96 per share). CSE says it couldn't attract buyers because all 3 investees refused to provide financial data - to which SHS and Touyun apparently had access. Similar gross disparities apply to the stake in FreeOpt Holdings Ltd. In the end, CSE sold all 3 to Mr Au Yeung Kai Chor in order to finalise their overdue audited accounts and resume trading.
Re GTI Holdings Ltd (ex-3344)
HK Court of First Instance, 19-Aug-2022
Justice Linda Chan criticises abuse "undertaken by the provisional liquidators", including Mr Osman Mohammed Arab and Mr Johnathan Lai Wing Lun of RSM Hong Kong.
HK Court of First Instance, 19-Aug-2022
Justice Linda Chan criticises abuse "undertaken by the provisional liquidators", including Mr Osman Mohammed Arab and Mr Johnathan Lai Wing Lun of RSM Hong Kong.
Re: Up Energy Development Group Ltd (ex-0307)
HK Court of First Instance, 1-Apr-2022
The Provisional Liquidators appointed by the Bermuda court oppose a winding-up order in HK but are overruled, on the petition by HEC Securities Ltd, now named Seekers Markets Ltd.
HK Court of First Instance, 1-Apr-2022
The Provisional Liquidators appointed by the Bermuda court oppose a winding-up order in HK but are overruled, on the petition by HEC Securities Ltd, now named Seekers Markets Ltd.
Anxin-China (1149): Financial Controller and forensic accountancy quit, citing concerns over senior management integrity
Company announcement, 25-Sep-2015
Surely a forensic accountant is supposed to put its concerns in a report rather than quit half-way through. If it doesn't believe the information it receives or has concerns about management integrity then that should be in the report.
Company announcement, 25-Sep-2015
Surely a forensic accountant is supposed to put its concerns in a report rather than quit half-way through. If it doesn't believe the information it receives or has concerns about management integrity then that should be in the report.
Re Derrick Luu Hung Viet (a bankrupt)
HK Court of First Instance, 26-Sep-2013
Mr Luu's applications for the removal of his bankruptcy trustees and removal of Mr Toggenburger from the creditors' committee are dismissed.
HK Court of First Instance, 26-Sep-2013
Mr Luu's applications for the removal of his bankruptcy trustees and removal of Mr Toggenburger from the creditors' committee are dismissed.
Joachim Wolfgang Starke v GFT Fashion Ltd; Gigig Starke-Kwong Woon Ching v Waysnar Asia Ltd
HK Court of First Instance, 17-Jun-2003
HK Court of First Instance, 17-Jun-2003
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