CIS SECURITIES ASSET MANAGEMENT LIMITED 順安證券資產管理有限公司

Lerado (1225) makes HK$10m 2-month unsecured loan to Chan Man Fung
Company announcement, 22-Oct-2021
The borrower is the co-chairman and ED of an unnamed GEM-listed company. We'll tell you it's P.B. Group (8331). Mr Chan and his co-chairman Pui Wai Lun each own 50% of P.B. Asia Holdings Ltd, which is currently underwriting a HK$27.8m rights issue by PBG. The placing agent for any unsubscribed rights is CIS Securities Asset Management Ltd (CISSAM). Mark Mak Kwong Yiu, ex-Chairman & CEO of Lerado and ex-CEO of Convoy Global Holdings Ltd, has or had an indirect stake in CISSAM. He was jailed a week ago for conspiracy to defraud CGH in its bond placements which benefited CISSAM.
2 former EDs of Convoy Global (ex-1019) jailed for conspiracy to defraudICAC press release
SFC, 16-Oct-2021
Mark Mak Kwong Yiu (7 months) and Christie Chan Lai Yee (5 months, suspended for 18 months) thereby enter the Webb-site Hall of Shame. They and their 2 co-defendants are the first persons connected to the "Enigma Network" exposed by Webb-site in 2017 to be sentenced. Comment: the sentences seem remarkably light by comparison with recent sentences for peaceful but unauthorised assemblies.
SFC-ICAC operation leads to conviction of ex-senior executives of Convoy (ex-1019)ICAC announcement
SFC, 20-Sep-2021
At last, some convictions in the "Enigma Network" that we exposed in 2017. It's a start.
4 charged with conspiracy to defraud over bonds placement of Convoy (1019)SFC announcement
ICAC, 22-Jul-2019
Allegedly, over a 3.5 year period, Convoy Investment Services (CIS), in which Mark Mak Kwong Yiu and 2 other EDs of Convoy held substantial shareholdings, acted as a hidden connected placing agent for bond issues, using Gransing Securities as a front. We note that in 2015, CIS applied for a listing on GEM which lapsed. It was then a partial subsidiary of a BVI company which was 35.06% owned by Quincy Wong Lee Man, 29.62% by Mr Mak and 20.71% by Shin Kin Man, Wong and Shin, both EDs of Convoy, are not charged today.
Convoy (1019) sues 4 more
Company announcement, 27-Dec-2017
Time2U's time to FU
How much damage can a HK main board company do to its share price within the first year of listing? Try 79.6%, with two full-sized placings under the generous general mandate, one of them at a discount to net cash per share, neither of which was necessary. For Time2U (1327) one year was time enough. (25-Jan-2016)
Bubbles and troubles in Hong Kong
Pour yourself a coffee and digest this long article as we investigate several ongoing abusive "open offers" and placings as well as show you who's been making out in multi-billion-dollar bubbles. We call on regulators and rule-makers to take action. (24-Sep-2015)

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