GRAND FIELD GROUP HOLDINGS LIMITED

HKICPA bans Steve Au Yeung Keung for 3 yearsCooking with gas
HKICPA, 23-Aug-2016
This case relates to fraudulent transactions in 2003/4 by Grand Field (0115) which Webb-site exposed in our 2004 article "Cooking with gas". Mr Au Yeung admits that he lied to the Stock Exchange and participated in the sham disposal of the bogus project. Since 2006, he has been the Company Secretary of China Energine (1185). Our take: he cannot be trusted with the affairs of a listed company and they should fire him.
HKSAR v David Wong Wai Kwong
HK Court of Final Appeal, 4-Feb-2015
HK Zhongxing Group Co Ltd v Grand Field (0115)
HK Court of First Instance, 20-Nov-2014
Regarding the pending derivative action against Wayland Tsang Wai Lun & Nancy Kwok Wai Man. Grand Field has now agreed to proceed.
HKSAR v Wayland Tsang Wai Lun & Nancy Kwok Wai Man
HK Court of Appeal, 16-Apr-2014
HKSAR v Charles Cheng Kai Ming & George Li Kwok Cheung
HK Court of Appeal, 21-Mar-2013
HKSAR v Wayland Tsang Wai Lun & Nancy Kwok Wai Man
HK Court of Appeal, 20-Dec-2012
HKSAR v Wayland Tsang Wai Lun & othersCooking with Gas
HK Court of Appeal, 28-Nov-2012
The court writes "in the face of prolonged inactivity following the announcement, a complaint was made to the Stock Exchange by a minority shareholder." Webb-site published the article "Cooking with Gas" on 4-Mar-2004 and filed a complaint with SEHK and SFC the next day. We had questioned the original announcement in a complaint to both regulators on 5-Jun-2002. For the avoidance of doubt, David Webb was never a shareholder in this stock. We don't know whether the complainant referred to was us.
Grand Field Group Holdings Ltd v Wayland Tsang Wai Lun & others
HK Court of First Instance, 30-Jul-2010
Five jailed in Grand Field case
ICAC, 17-Mar-2010
...and are thereby inducted into the Webb-site Hall of Shame
Grand Field case - reasons for sentence
HK District Court, 17-Mar-2010
Five guilty in Grand Field case
ICAC, 5-Mar-2010
This case was first brought to light by our article Cooking with Gas of 4-Mar-04. Charges were brought on 23-Jul-07, and then we wrote about Egana. No charges have yet been brought in that case.
Wayland Tsang Wai Lun & Francis Lim v Grand Field Group Holdings Ltd & others
HK Court of First Instance, 12-Aug-2009
Wayland Tsang Wai Lun v Grand Field Group Holdings Ltd
HK Court of First Instance, 26-Feb-2009
Grand Field Group Holdings Ltd v Wayland Tsang Wai Lun & others
HK Court of First Instance, 2-Dec-2008
Breach of Listing Rules: unapproved fund transfers to a connected person
Company announcement, 10-Oct-2008
Peace Mark's warning signals
What went wrong at watch shop Peace Mark (0304), former associate of Egana (0048)? Webb-site.com shows you the warning signals which analysts missed. (16-Sep-2008)
Egana and Upbest
Following this week's charges by the ICAC against certain directors of Upbest (0335), Webb-site.com looks at the connections between EganaGoldpfeil (0048) and Upbest, and we don't like what we see. There's a mixture of out-and-back profit-generating transactions, innovative accounting policies, investments in closed-end funds, interest-free "deposits", rolling promissory notes and yes, an aborted gas transaction in the PRC. Are we looking at the next Moulin here? (26-Jul-2007)
Six face court for alleged conspiracy to defraud shareholders and stock exchange
ICAC, 25-Jul-2007
Mr Wayland Tsang Wai Lun and Ms Nancy Kwok Wai Man charged by ICAC
Company announcement, 23-Jul-2007
Six charged for alleged conspiracy to defraud shareholders and stock exchange
ICAC, 23-Jul-2007
Resignation of directors, update on ICAC investigation
Company announcement, 10-Jul-2007
ICAC investigates Chongching gas pipeline investment
Company announcement, 21-Mar-2007
Criticism of Mr Wayland Tsang Wai Lun and Ms Nancy Kwok Wai Man
SEHK, 21-Feb-2005
Cooking with Gas
We describe how Grand Field (0115) spent HK$63m on a 75% stake in a company which owned nothing other than a right to invest in a piped gas joint venture, which had lost its business license even before the acquisition was completed. One of the men behind this deal also features in our next story, on Kwong Hing (1131), so stay tuned! (4-Mar-2004)
False share traders to do service work
HK Standard, 25-Jun-2002
Market manipulators Lau Hing Nam & George Wong Kwing Ming sentenced to community service
SFC, 24-Jun-2002
SFC Prosecutes Mr Lau Hing Nam & Mr George Wong Kwing Ming
SFC, 10-Jun-2002

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