Convoy Global Holdings Limited 康宏環球控股有限公司

GET (8100): breach of Listing Rules, on Discloseable Transactions and Major Disposals
Company announcement, 28-Oct-2016
Following a complaint by Webb-site to HKEX, GET now accepts that it should have disclosed transactions in listed shares dating back to 8-Jul-2014, some of which were "Major Disposals" requiring shareholder approval, for which it now seeks ratification.
New Ray Medicine (6108) buys 39% of C&C International Healthcare Group Ltd for HK$189.31m
Company announcement, 18-Oct-2016
The first 9% does not require shareholders' approval but the second tranche does. NRM fails to say who owns the rest of the target or who owns the vendor, JFA Capital, but we can tell you JFA Capital is 49.5% owned by Convoy (1019). JFA has already sold 4% to Rui Kang Pharmaceutical (8037) and 5% to Finsoft (8018), both in July.
Convoy (1019) coughs up investment details at 30-Jun-2016
Company announcement, 18-Oct-2016
Following a Webb-site complaint to HKEX on 4-Oct-2016, Convoy reveals holdings of 3.22% of Union Medical (2138), 3.98% of OP Financial (1140), 1.20% of Golden Throat (6896) and 2.32% of China Parenting Network (8361) and confirms a 14.49% stake in Target Insurance (6161). It has also invested HK$211.3m in bonds of Golden Wheel Tiandi (1232) and HK$241.6m in 49.5% of a company called JFA Capital, which we know has been selling stakes in C&C International Healthcare Group Ltd to various listed companies.
Pass the cyclotrons
Starting in the basement of St Teresa's Hospital, visiting the Science Park and analysing 12 years of transactions with some lucky disclosure on BVI owners, we follow the movements of 2 cyclotrons in and out of listed companies and show you where the money was made and lost. (11-Oct-2016)
Convoy (1019) accumulates 16.12% of First Credit (8215) for HK$198.9m
Company announcement, 27-Sep-2016
First Credit is also 19.84% owned by GET (8100), 9.65% by Jun Yang (0397) and 4.13% by Universe (1046). Convoy is 5.4% owned by GET and 9.93% owned by Jun Yang, and GET is 16.67% owned by Universe, amongst others in this network of companies that investors should avoid.
Jun Yang Financial (0397) coughs up details of investments
Company announcement, 25-May-2016
Following a complaint by Webb-site to SEHK, Jun Yang reveals that at 31-Dec-2015, it held 9.93% of Convoy (1019), 4.99% of Town Health (3886) and 3.57% of Tech Pro Technology (3823), a bubble stock we warned you about last year.
HK Education (1082): breach of Listing RulesCircular
Company announcement, 12-May-2016
The company declared itself to have a "principal business" of securities investment, but the Stock Exchange ruled that the subscription of shares in Convoy (1019) and IE China (8081) were notifiable "transactions" under Chapter 14 of the Listing Rules. Notably, the company says that any future purchase or disposal of securities should be a "transaction" under Chapter 14. Comment: the Exchange has been inconsistent in applying Chapter 14 to other companies involved in similar shenanigans.
GET (8100) increases to 5.01% of Convoy Financial (1019)
Disclosure of interest, 4-Jan-2016
Nuns in the property habit
The Sisters of Saint Paul of Chartres will pay HK$390m for a vacant Kowloon residential site opposite their private hospital. The site changed hands in January for just $298m, and half of it was acquired in 2010-11 for $76.4m. We trace the history of the site. (20-Nov-2015)
GET (8100) sinks HK$227.5m into 650m shares of Convoy (1019)
Company announcement, 12-Nov-2015
See page 26 of the quarterly results statement. As GET claims to be "in the business" of securities investment, this was not a notifiable transaction, although it represents 21.5% of GET shareholders' funds at 30-Sep-2015. The shareholding is about 4.35% of Convoy, below the 5% disclosure threshold.
Lerado's umbrellas and open offer
At last, Lerado (1225) admits that it holds 2% of the China Jicheng (1027) umbrella bubble, still worth HK$561m, which is more than it proposes to raise in an abusive, deep-discount open offer. The circular fails to say why they don't just sell the CJ shares instead. We call on shareholders to save themselves and vote against. (27-Oct-2015)
Jun Yang Financial (0397) invests HK$507m in Convoy (1019)
Disclosure of interest, 20-Oct-2015
This will increase its stake from 1.15% to 9.93% after completion of the mega-placing by Convoy. That's a big chunk of the cash JYF raised in a mega-placing which completed last week.
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)
Convoy Financial (1019) completes placingCCASS movements
Company announcement, 10-Sep-2015
We note that on the settlement date, 320m net shares were deposited with Jun Yang Securities, about 121m with Astrum Capital Management and about 41m with Win Fung Securities.
Some bubbles for New Year
With the exchange shut for 2014, we take a close look at two bubbles and the other listed companies surrounding them. (31-Dec-2014)
Denthur Lee Kwok Yin sells indirect stake in Convoy (1019)
Company announcement, 13-Mar-2013
Chan Chi Keung sells indirect stake in Convoy (1019)
Company announcement, 22-Feb-2013

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