Asia Aluminium Holdings Ltd winding up
HK Court of First Instance, 27-Jul-2009
Censure of Company and criticism of Dr Benby Chan Yiu Tsuan
SEHK, 29-Mar-2007
CSFB's Toxic Convertibles lifts the lid on the toxic convertibles scam in HK, in which small, mostly naive companies surrender control over future equity issuance to an investment bank, whose principal interest is to lock in a profit by converting bonds on a rolling basis at a deep discount to market and selling the resulting shares. CSFB has led the way down this value-destroying path, with Merrill Lynch recently joining the fray. We estimate that the banks make a gross profit on money raised of about 31%, and the average stock price has fallen 30% since a toxic convertible was launched. If you are a listed company, just say no. If you are an institutional investor, take your business elsewhere. (8-Jun-2005)
SFC prosecutes Mr Zhong Jianqiu under the Securities (Disclosure of Interests) Ordinance
SFC, 16-Jul-2002
Criticism of Messrs Kwong Wui Chun, Michael Tse Nam & Hung Pann Yi
SEHK, 7-Apr-2000

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