EMINENCE ENTERPRISE LIMITED 高山企業有限公司
Listing Decision LD102-2016 decoded
SEHK, 9-Dec-2016
By looking at the details of the "Last Rights Issue" we can infer that "Company A" is Eminence Enterprise Ltd (0616), which launched a 20:1 rights issue on 6-Aug-2015. A low 20% turnout of "independent" shares approved the issue on 7-Oct-2015 and the public shares were 52% undersubscribed when it closed on 5-Nov-2015. In the Decision, the Exchange refused to grant listing approval for another 20:1 issue at a 90% discount to market. We can tell you that on 13-Oct-2016, the company instead announced a 3:1 rights issue at a 33% discount. Update: this was vetoed by a 60:40 majority at the EGM on 15-Dec-2016.
SEHK, 9-Dec-2016
By looking at the details of the "Last Rights Issue" we can infer that "Company A" is Eminence Enterprise Ltd (0616), which launched a 20:1 rights issue on 6-Aug-2015. A low 20% turnout of "independent" shares approved the issue on 7-Oct-2015 and the public shares were 52% undersubscribed when it closed on 5-Nov-2015. In the Decision, the Exchange refused to grant listing approval for another 20:1 issue at a 90% discount to market. We can tell you that on 13-Oct-2016, the company instead announced a 3:1 rights issue at a 33% discount. Update: this was vetoed by a 60:40 majority at the EGM on 15-Dec-2016.
I was framed, says businessman cleared of blackmailing ex-Sunpec chief
South China Morning Post, 26-Mar-2014
South China Morning Post, 26-Mar-2014
Blackmail case defendant 'couldn't afford' shares, prosecutor tells court
South China Morning Post, 6-Mar-2014
South China Morning Post, 6-Mar-2014
Alleged blackmail victim denies using gangsters to get HK$5m 'tea money'
South China Morning Post, 19-Feb-2014
South China Morning Post, 19-Feb-2014
'Blackmail' victim handed over 100m shares to boost value of own company's stock, court hears
South China Morning Post, 15-Feb-2014
South China Morning Post, 15-Feb-2014
Ex-chairman was 'scared to go home alone after gangster demanded shares'
South China Morning Post, 13-Feb-2014
South China Morning Post, 13-Feb-2014
Ex-chairman 'intimidated into giving up shares by scary gangster'
South China Morning Post, 13-Feb-2014
South China Morning Post, 13-Feb-2014
Businessman 'threatened to throw company chairman to sharks in extortion bid'
South China Morning Post, 12-Feb-2014
South China Morning Post, 12-Feb-2014
Mengniu Dairy CEO's unaccredited MBA
Moo! Who's got a dodgy MBA then? The CEO of China Mengniu Dairy has, along with several other listed company directors we identify. (26-Apr-2010)
Moo! Who's got a dodgy MBA then? The CEO of China Mengniu Dairy has, along with several other listed company directors we identify. (26-Apr-2010)
The paid advert opposing the blackout rule
With links to the signatories in Webb-site Who's Who. (29-Dec-2008)
With links to the signatories in Webb-site Who's Who. (29-Dec-2008)
Chairman & CEO Mr Koon Wing Yee resigns, disqualified to act as director for 5 years by Insider Dealing Tribunal
Company announcement, 23-Jan-2006
Company announcement, 23-Jan-2006
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