China Dili Group 中國地利集團

Tai United (0718): remember that Jinzhou shopping mall we bought from Dai Yongge?
Company announcement, 13-Feb-2023
Well it turns out that it came with a hidden CNY1.7bn bank guarantee in favour of a third party, and now the loan is in default and we're being sued for it. Mr Dai is is the controlling shareholder and former Chairman & CEO of China Dili (1387)
600m shares (6.74%) of China Dili (1387) pledged to China Shandong Hi-Speed (0412)Release
Disclosure of interest, 7-May-2021
The mortgagor, New Amuse Ltd, is ultimately owned by Zhang Xingmei, wife of Dai Yongge. Together they control China Dili. The shares are security for a "certain facility agreement". Update: the pledge was released on 9-Jun-2021. subscribes 5.37% of China Dili (1387) @$1.67 for HK$798.4m
Company announcement, 27-Dec-2020
Tai United (0718) buys underground shopping malls business from Dai Yongge for CNY1.991bn
Company announcement, 24-Dec-2020
A bit of last-minute Christmas shopping. Mr Dai is is the controlling shareholder and former Chairman & CEO of China Dili (1387). The deal involves 2 malls. In 2016, he acquired a larger collection of these malls, which operate in air-raid shelters without property title, from China Dili. This deal comes after Tai United was warned by the Stock Exchange that it has insufficient operations under Listing Rule 13.24. Problem solved!
China Strategic (0235) grants HK$300m 3-month loan facility to Mr Dai YonggeSupplement
Company announcement, 19-Aug-2020
He is the controlling shareholder and former Chairman & CEO of China Dili (1387). The loan is secured by a second mortgage on his Jardine's Lookout house with garden and 10.32% of China Dili.
Nomura subsidiary Instinet Pacific Ltd is fined HK$17.3m for algo and ALP failures
SFC, 13-Apr-2018
In one case, flawed software and a fat-finger 10x pricing error caused the algorithm to keep out-bidding itself by 20 ticks, affecting the pre-market price. In another case, the software allowed a human trader to override the safety limit 3 times, which "completely defeated its purpose" and caused a 31% price increase in 36 seconds. In the final case, the safety limit didn't function because the software did not allow for the absence of an opening price, knocking a price down by 14%. Lucky buyers!
Celebrate (8212) coughs up investment details at 30-Jun-2016.
Company announcement, 3-Oct-2016
This follows a Webb-site complaint on 23-Sep-2016.
SFC bans and fines Lam Chun Yin & Yeung Chok Cheong, ex-Huarong Intl Securities
SFC, 10-Aug-2016
Renhe buys 100% of Hong Kong China One (Group) Investment Ltd
Company announcement, 12-Jan-2011
Joseph Lau Luen Hung subscribes US$300m of Renhe (1387) notes
Company announcement, 3-Nov-2010
Transfer of shares in Hong Kong China One (Group) Investment Ltd
HK Gazette, 18-Dec-2009
[Xiamen South China Investment Co Ltd] v Chong Ming Yiu
HK Court of First Instance, 17-Dec-2009
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)
Chong Ming Yiu v Lau Hon, Liu Huanwen & Hong Kong China One (Group) Investment Ltd
HK Court of First Instance, 3-Feb-2006

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