China Automotive Interior Decoration (0048): ED Warren Wong Ho Yin under investigation by an authority in HK, uncontactable
Company announcement, 17-Oct-2023
Mr Wong has been a director of CAID since 2011.
AMCO (0630): INED Mr Chan Tsz Keung under investigation
Company announcement, 16-Mar-2023
AMCO was a member of our 2017 "Enigma Network". Mr Chan was then SFC-licensed at Suncorp Securities, owned by Suncorp (1063), another Enigma company, and in 2018 moved to Astrum Capital Management (a broker in the network) until 2021. Today's announcement coincides with an SFC-ICAC investigation of an alleged pump-and-dump syndicate announced on 15-Mar, which involved "qualified accountants and senior executives of a number of Hong Kong-listed companies". We've already seen another Enigma company, CAID (0048) announced that an ED is under investigation.
China Automotive Interior Decoration (0048): an ED is under investigationSupplement
Company announcement, 15-Mar-2023
This coincides with an SFC-ICAC joint arrest operation announced on 15-Mar, which involved "qualified accountants and senior executives of a number of Hong Kong-listed companies". CAID was one of 50 listed companies in our "Enigma Network" of 2017. The supplemental announcement names the ED as Warren Wong Ho Yin.
GEO Securities deal restructured
Company announcement, 14-Oct-2016
Unspecified condition(s) of the 3-way venture cannot be fulfilled, so Capital VC (2324) is replaced as a 28% holder by another Chapter 21 investment company, China Investment and Finance (1226). China Automotive Interior Decoration (0048) will still own 42% and Ms Li Chui Ling, who owns 100%, will own 30%.
CAID (0048) reveals the other shareholders of GEO Securities Ltd
Company announcement, 7-Jul-2016
This follows a complaint by Webb-site that CAID had failed to say who it was getting into bed with. This turns out to be Capital VC (2324), which is subscribing 29.997%. The remainder will be held by Ms Li Chui Ling, who currently owns 100%.
CAID (0048) to subscribe 42% of stockbroker GEO Securities Ltd
Company announcement, 28-Jun-2016
A second, unnamed subscriber is taking 283.78m shares (27.997%) of the broker. The announcement also fails to disclose who will own the remaining 30.003%, instead just naming the manager, Francis Lun Sheung Nim, who is often quoted in the media.
CAID (0048) proposes to invest HK$300m via Opus Capital Management
Company announcement, 3-Dec-2015
The two-stage investment will be in cash or specie - in other words part or all of CAID's existing portfolio, which includes bubble umbrella stock China Jicheng (1027).
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)
CAID (0048) gains from umbrella bubble
Following a Webb-site complaint to regulators, CAID has revealed 3 holdings, including umbrella maker China Jicheng (1027), still trading at over 70x NAV. CAID expects the investments to contribute a positive return in the near future, but doesn't say why. Meanwhile Lerado (1225) hasn't said how it made similar gains. Is it also in the umbrella bubble? (10-Oct-2015)
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)
China Automotive Interior Decoration (8321) buys Brilliant Summit Ltd for HK$42m
Company announcement, 15-May-2013
China Automotive Interior Decoration (8321) Chairman requisitions EGM to remove ED
Company circular, 21-Sep-2011
We wonder why he didn't get a resolution of all the other directors to remove her. Could it be that the rest of the board is not entirely in agreement with him on this? Instead he is using his controlling shareholding to go directly to shareholders.
China Automotive Interior Decoration INED Law Tze Lun quits
Company announcement, 9-Sep-2011
"Due to his other business engagements now requiring more of his dedication". He is immediately replaced by Mr Mak Wai Ho.
SHK International quits as compliance adviser of China Automotive Interior Decoration (8321)
Company announcement, 19-Aug-2011
No reason is given. SHK International was also the IPO sponsor. The resignation is less than a year after the listing on 29-Sep-2010.

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