Tech Pro Technology Development Limited 德普科技發展有限公司

Censure of Anthony Yeung Chun Wai and Great Wall B&R (0524), criticism of other former directorsCircular
SEHK, 13-Mar-2020
We note from a 2017 circular that Mr Yeung traded numerous other shareholdings with GWBR in breach of Listing Rules, selling it shares in Kingston Financial (1031), Sincere Watch (0444) and Tech Pro Technology (3823) in 2015 and SingAsia (8293) in 2017, and buying shares in Beijing Enterprises Clean Energy (1250) in 2016 and Beijing Gas Blue Sky (6828) in 2017. He crossed the trades in the market using Kingston Securities for GWBR and on his side Enlighten Securities, Union Bancaire Privee and HSBC.
Orient Securities (HK) Ltd v Allan Sing Hock Seng
HK Court of First Instance, 31-Aug-2018
Mr Sing is declared bankrupt. He owes the broker HK$49m in margin loans, secured only on 400,000 Hanergy (0566) shares and 51m Tech Pro (3823) shares. Tech Pro was a bubble which we warned readers about on 24-Sep-2015; it reached a closing high of $2.75 on 3-May-2016 and burst on 28-Jul-2016. It was suspended at $0.068 on 9-Nov-2017.
SFC suspends Tech Pro (3823)
Company announcement, 9-Nov-2017
Tech Pro (3823) crashes 86.3%: we told you so
In our article of 24-Sep-2015, we pointed to 3 bubbles, 2 of which have now burst: L & A (8195) and Tech Pro (3823). The remaining one is umbrella-maker China Jicheng (1027) which has net tangible assets at 31-Dec-2015 of about HK$0.0067 per share (post-split), so it has about 97% downside from today's closing price of $0.224. (28-Jul-2016)
Jun Yang Financial (0397) coughs up details of investments
Company announcement, 25-May-2016
Following a complaint by Webb-site to SEHK, Jun Yang reveals that at 31-Dec-2015, it held 9.93% of Convoy (1019), 4.99% of Town Health (3886) and 3.57% of Tech Pro Technology (3823), a bubble stock we warned you about last year.
Bubbles and troubles in Hong Kong
Pour yourself a coffee and digest this long article as we investigate several ongoing abusive "open offers" and placings as well as show you who's been making out in multi-billion-dollar bubbles. We call on regulators and rule-makers to take action. (24-Sep-2015)
Jun Yang Solar (0397) annual report reveals investments
Company filing, 23-Apr-2015
Note 24 on p113 shows that at 31-Dec-2014, it held 2.49% of Tech Pro Technology (3823) and 4.49% of Town Health (3886). We calculate those had a market value of HK$235m and HK$280m respectively.
Tech Pro (3823): issues shares to Maria Cordero for services
Company announcement, 31-Oct-2014

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