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Orient Securities (HK) Ltd v Allan Sing Hock Seng
HK Court of First Instance, 31-Aug-2018
Mr Sing is declared bankrupt. He owes the broker HK$49m in margin loans, secured only on 400,000 Hanergy (0566) shares and 51m Tech Pro (3823) shares. Tech Pro was a bubble which we warned readers about on 24-Sep-2015; it reached a closing high of $2.75 on 3-May-2016 and burst on 28-Jul-2016. It was suspended at $0.068 on 9-Nov-2017.
Organisations
- Hanergy Thin Film Power Group Limited 漢能薄膜發電集團有限公司
- ORIENT SECURITIES (HONG KONG) LIMITED 東方證券(香港)有限公司
- Tech Pro Technology Development Limited 德普科技發展有限公司
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