Great China Properties Holdings Limited 大中華地產控股有限公司

Waytung Global (0021) sells subsidiary with Hennabun stake for HK$10k
Company announcement, 29-Dec-2010
The purchaser is a BVI company, the owner of which is not disclosed. This vehicle held a stake in Hennabun Capital Group Ltd, for which the group originally paid HK$59m in 2003. We calculate that by the time of this disposal, the original stake of 32,000,000 shares had been consolidated into 320,000 shares and diluted to 0.15%, not 0.23% as stated.
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)
Sanction of scheme of arrangement
HK Court of First Instance, 17-Jun-2008
Christian Emil Toggenburger v Company & others
HK Court of First Instance, 26-Jan-2007
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)

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