GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED 金源米業國際有限公司

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)
The Baron Network
In another exclusive, Webb-site.com blows the lid off a network of cross-holdings involving Kenfair (0223), Cosmopolitan (0120), GR Investment (0310), Golden Resources (0677) and China Investment Fund (0612), probably involving multiple breaches of Listing Rules and possibly the Takeover Code, but as yet there has been no regulatory action. (14-Apr-2004)
China United buys 9.64% of Hennabun from Golden Resources for HK$72m in shares
Company announcement, 11-Mar-2004
Golden Resources Development (0677) subscribes shares in Hennabun, subsidary of China United
Company announcement, 15-Oct-2003

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