Xiao, Qingmin 肖慶敏

Ninotre Investment Ltd & Xiao Qingmin v L & A (8195)
HK Court of First Instance, 14-Nov-2018
The plaintiffs win an order for discovery in relation to L&A's purchase of 47.63% of Red 5 Studios Inc. on 28-Apr-2016, The first plaintiff is a 100% subsidiary of Unity (0913). The 2nd was an ED of Suncorp (1063) until 23-Nov-2015. Unity and Suncorp both featured in our "Enigma Network" of 2017. L&A was a bubble we warned about in Sep-2015. During 2015, Unity bought 2.81% of L&A in the market for HK$117.509m, a split-adjusted $4.18/share. The stock crashed on 6-Jul-2016 and is now at $0.035.

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