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Penta Investment Advisers Ltd v Allied Weli Development Ltd
HK Court of First Instance, 14-Oct-2014
Penta successfully sues a BVI company at the centre of what we call the "Chung Nam Network" over a guarantee of a profit from a subscription of shares in Mascotte (0136) which followed a heavy loss on an earlier subscription in Freeman (0279). The claimed quantum is HK$211m. After a restructuring, Allied Weli is now a 100% subsidiary of HEC Capital Ltd.
- Allied Weli Development Limited
- DEUTSCHE BANK AKTIENGESELLSCHAFT
- Freeman FinTech Corporation Limited
- HEC Capital Limited
- HengTen Networks Group Limited
- Lam & Co.
- OLD PEAK LIMITED
- Penta Investment Advisers Limited
- SATINU MARKETS LIMITED
- UNITAS CAPITAL PTE. LTD.
- Chuang, Eugene Yue Chien 莊友堅
- Guglielmucci, Massimo
- Hui, Quincy Kwong Hei 許廣熙
- Liao, Cindy Miao Ling 廖苗玲
- Liu, Andrew (1955) 廖駿倫
- Pak, William Eui Won
- Pridjian, John Vaughn
- Tong, So Yuet 唐素月
- Wan, Ming Sun 尹明山
- Zwaanstra, John