Ground International Development Limited 廣澤國際發展有限公司

Hau Tung Ying & Li Bin v HKSAR
HK Court of Final Appeal, 9-Mar-2011
Hau Tung Ying & Li Bin v HKSAR
HK Court of Final Appeal, 8-Jul-2010
HKSAR v Hau Tung Ying & Li Bin
HK Court of Appeal, 2-Jun-2010
HKSAR v Hau Tung Ying & Li Bin
HK Court of Appeal, 20-Apr-2010
China Motion Telecom - recent history
We examine the recent history of China Motion Telecom (0989), including two aborted acquisitions and a highly dilutive placing "for working capital" at a time when the company was flush with cash. Why did the board agree to that and where did the shares go? We also query the sustainability of margins in a recent acquisition from CMT's controlling shareholders. (10-Dec-2009)
China Vanguard's Grand Promise
China Vanguard (8156) bought an asset from its controlling shareholder at 6.5 times the price at which China Motion (0989) turned it down. Now it is struggling to redeem convertible bonds the target issued to Goldman Sachs and Evolution Capital. We also query a year-end HK$139m cash outflow to buy a company which was once owned by the controlling shareholder, with negative net assets. Finally we look at a pending acquisition by Aptus, its subsidiary. (10-Dec-2009)
Former Chairman Mr Hau Tung Ying and former ED Mr Li Bin get 4 years in jail for $12m consultancy fraud
ICAC, 24-Feb-2009
These gentlemen are hereby inducted into the Webb-site.com Hall of Shame.
HKSAR v Hau Tung Ying & Li Bin: reasons for sentence
HK District Court, 24-Feb-2009
Former Chairman Mr Hau Tung Ying and former ED Mr Li Bin convicted of fraud
ICAC, 4-Feb-2009
Former chairman Mr Hau Tung Ying and former ED Mr Li Bin charged for alleged fraud
ICAC, 26-Nov-2007
Proposed acquisition by China Motion Telecom of Vietnam property from Eric Chu Nap Kee for HK$2.59bnTermination
Company announcement, 19-Sep-2007
This deal was terminated on 4-Dec-07.
Termination of acquisition of Grand Promise
Company announcement, 29-Mar-2007
Proposed acquisition by China Motion Telecom of Grand Promise for HK$240mDisclosure of interest
Company circular, 24-Jan-2007
China Motion Telecom does not say who owns the vendor, which is a BVI company. A disclosure of interest filing shows that it is Cheung Kwai Lan. Madam Cheung Kwai Lan is Chair of Aptus Holdings Ltd and China Vanguard Group Ltd. The deal is terminated on 29-Mar-07 because of the "very limited information" available for due diligence.
Change of auditors, Chairman Mr Hau Tung Ying resigns for "personal reasons"
Company announcement, 10-Apr-2006
Chairman Mr Hau Tung Ying redesignated to non-executive
Company announcement, 6-Mar-2006
Mr Li Bin resigns as executive director for "personal reason"
Company announcement, 19-Dec-2005

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