GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED 金源發展國際實業有限公司
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)
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)
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 (0273) buys 37.5m shares (9.64%) of Hennabun Management Inc from Golden Resources (0677) for HK$72m in shares
Company announcement, 11-Mar-2004
Just prior to this deal, HMI is a hub owned by 10 listed companies, including 2 not seen in prior filings: Yugang (0613) has 20.56%, and China Investment Fund Co Ltd (0612) has acquired 2.5m shares (0.64%), probably from Golden Resources.
Company announcement, 11-Mar-2004
Just prior to this deal, HMI is a hub owned by 10 listed companies, including 2 not seen in prior filings: Yugang (0613) has 20.56%, and China Investment Fund Co Ltd (0612) has acquired 2.5m shares (0.64%), probably from Golden Resources.
China United (0273) circular on connected transaction
Company circular, 24-Dec-2003
In the last 3 weeks, subsidiary Hennabun Mangement Inc has issued shares to 2 more listed companies: Heritage (0412) and Sinolink Worldwide (1168), taking the total to 8 in the hub.
Company circular, 24-Dec-2003
In the last 3 weeks, subsidiary Hennabun Mangement Inc has issued shares to 2 more listed companies: Heritage (0412) and Sinolink Worldwide (1168), taking the total to 8 in the hub.
China United (0273) agrees to buy shares in Radford (0901) from Hennabun Management Inc
Company announcement, 2-Dec-2003
It incidentally discloses that another listed company, Beauforte Investors (0021) has subscribed for a 9.56% stake in HMI, so it is now owned by 6 listed companies.
Company announcement, 2-Dec-2003
It incidentally discloses that another listed company, Beauforte Investors (0021) has subscribed for a 9.56% stake in HMI, so it is now owned by 6 listed companies.
China United (0273) reprices subscription by Golden Resources (0677) into Hennabun Management Inc, after collapse of NAV
Company announcement, 7-Nov-2003
HMI held a 23.24% stake in Radford Capital (0901) which was a bubble stock that has now burst after the SFC intervened and found a concentration of ownership and a "very close relationship between the shareholders of [Radford] and its investments".
Company announcement, 7-Nov-2003
HMI held a 23.24% stake in Radford Capital (0901) which was a bubble stock that has now burst after the SFC intervened and found a concentration of ownership and a "very close relationship between the shareholders of [Radford] and its investments".
Golden Resources Development (0677) subscribes shares in Hennabun Management Inc, subsidary of China United (0273)
Company announcement, 15-Oct-2003
The other shareholders of HMI are China Sci-Tech (0985), Hansom Eastern (0279) and HK Pharmaceutical (0182), making this a 5-way hub.
Company announcement, 15-Oct-2003
The other shareholders of HMI are China Sci-Tech (0985), Hansom Eastern (0279) and HK Pharmaceutical (0182), making this a 5-way hub.
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