Cho, Roy Kwai Chee 曹貴子

SFC commences legal proceedings against First Credit Finance (8215), its former directors and de facto director Roy Cho Kwai Chee
SFC, 22-Nov-2023
FCF is a member of our 2017 Enigma Network. The SFC alleges that in 2016, Roy Cho Kwai Chee was a de facto director and also a recipient of new shares in a placing and, with his brother Kevin Cho Kwai Yee, took up unsubscribed shares in a massive 9:1 rights issue. We note that the placing agent was Jun Yang Securities, owned by network member Jun Yang Financial (0397), now known as Minerva Group. The rights issue underwriter was Astrum Capital Management Ltd.
Convoy Collateral Ltd v Roy Cho Kwai Chee & others; and Mr Cho's defamation against CCL's parent Convoy Global (ex-1019) and its directors
HK Court of First Instance, 11-Nov-2022
Oshidori (0622) discloses some owners of Co-Lead Holdings Ltd
Company announcement, 14-Jan-2021
The 2nd largest holder is Freeman (0279) with about 15%, and the 3rd-largest is a company owned by Maggie Au Tsui Yee. We can add that she is the wife of Roy Cho Kwai Chee, of "Enigma Network" fame.
Convoy Collateral Ltd v Roy Cho Kwai Chee & others
HK Court of Appeal, 3-Jul-2020
Convoy (1019) succeeds in its appeal, obtaining a restraining order against Roy Cho Kwai Chee over HK$654m of his assets in this Enigma Network case, ruling that Justice Jonathan Harris had erred on points of law (paragraph 55).
Convoy Collateral Ltd v Roy Cho Kwai Chee & others
HK Court of First Instance, 7-May-2020
Leave to appeal is denied.
Convoy Collateral Ltd v Roy Cho Kwai Chee & others
HK Court of First Instance, 11-Mar-2020
Convoy (1019) fails to get a restraining order for HK$654m against Mr Cho.
Kwok Hiu Kwan v Johnny Chen & Convoy Global (1019)
HK Court of First Instance, 4-Mar-2020
Convoy (1019): Key findings of independent forensic investigation
Company announcement, 24-Jan-2020
Slipped out on CNY eve, the announcement refers extensively to our "Enigma Network" takedown of 2017.
Maggie Au, wife of ex-director of Convoy (1019) Roy Cho, slashed by two armed assailants in Tai Po
Dim Sum Daily, 7-Nov-2019
Christie Chan Lai Yee & Byron Tan Ye Kai charged with conspiracy to defraudSFC announcement
ICAC, 22-Jul-2019
Slowly but not surely, the Enigma Network is being decoded. Co-conspirator Roy Cho Kwai Chee was charged in the same matter on 16-May. Ms Chan is an ED (duties suspended since 8-Dec-2017) of Convoy (1019). Mr Tan resigned as an ED on 6-Jan-2018. Ms Chan faces a charge in a separate case announced today.
Hong Kong sees first 'Enigma' stock fraud charge of many to come
TheStreet.com, 17-May-2019
Roy Cho Kwai Chee charged with conspiracy to defraud Convoy (1019)SFC announcement
ICAC, 16-May-2019
2 years and 1 day after we published the "Enigma Network" report, the first charge is brought, relating to a relatively small and previously-unannounced acquisition by Convoy. 55% of the target was owned by Mr Cho. The ICAC alleges that he owned "50% shareholdings" in Convoy. He was not a disclosed shareholder, so to prove this, they will need to show that he was pulling the strings of numerous listed companies in the network which held the stock. Two co-conspirators are unnamed. We wait to see the rest of the iceberg.
The spectacular implosion of Dr. Cho's 'nefarious network'The Enigma Network
Bloomberg, 15-May-2019
Today is the 2nd anniversary of Webb-site's publication of the Enigma Network. So far, nobody has been charged with any offence, and no SFC action has been taken to bring in the liquidators to wind up any of the listed companies involved.
Convoy (1019) removes Roy Cho Kwai Chee for being AWOL for 6 months
Company announcement, 20-Aug-2018
China Green (0904) is sued again by Convoy (1019)
Company announcement, 15-Feb-2018
More fallout in the "Enigma Network".
Jun Yang (0397) details and denies allegations in Convoy (1019) writ
Company announcement, 20-Dec-2017
China Green (0904): more details of Convoy suit
Company announcement, 20-Dec-2017
Convoy sues 28 over fund transfers
HK Standard, 20-Dec-2017
Convoy sues ex-directors for stealing from financial adviser’s US$520m stock placement
South China Morning Post, 19-Dec-2017
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)
China Strategic bubble
We warn investors of a bubble in the stock of China Strategic, the 80% owner of the proposed buyer of Taiwan's Nan Shan Life Insurance, partly financed by a massive note issue convertible into 78bn shares at $0.10 each. We publish the placing list and analyse the names in the deal. Finally, we warn investors to avoid 7 companies in the "Chung Nam network", which has lost HK$6.2bn in 5 years. (13-Nov-2009)

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