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

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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