Dragonite (0329) pools shares of HEC Capital Ltd with others

This announcement of a transaction 8 months earlier follows a complaint by Webb-site regarding the opacity of the 2015 results. Dragonite is a member of what we call the "Chung Nam Network". Dragonite fails to disclose the governance arrangements of Joint Global Ltd such as its board composition, or how, with an 8.89% stake, Dragonite will have any influence over its decisions. In our view, this should have been a disclosable transaction under Chapter 14 of the Listing Rules as it represents 15.1% of total assets at 31-Dec-2014.

Organisations

HEC Capital Limited
Joint Global Limited (MH)
OCI International Holdings Limited 東建國際控股有限公司
Smart State Developments Limited

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Listing rules

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