Genvon (2389) may issue 800m shares @HK$0.325 to Lucky Creation Ltd within 6 months
Company announcement, 17-Jan-2014
Genvon fails to say who owns the subscriber, but claims that the subscriber is "principally engaged in investment in military and network technology companies." Our records show the subscriber is less than 4 months old. Subsequently one Chan Wing Kwai disclosed that he owns 100% of the subscriber. And who is he? The announcement says that if he doesn't exercise his subscription right then it shall be deemed exercised after 6 months - but enforcing this coud be another problem with no money up front. The subscriber has a similar deal going with Burwill (0024) launched on 16-Oct-2013.

• Orgs
  • Beijing Health (Holdings) Limited (KY)
  • BURWILL HOLDINGS LIMITED
  • LUCKY CREATION LIMITED

Burwill (0024) may issue 825.6m shares @HK$0.26 to Lucky Creation Ltd within 6 months
Company announcement, 16-Oct-2013
The subscriber has up to 6 months to complete, in up to 2 tranches. A subsequent disclosure of interests shows that the guarantor Mr Chan Wing Kwai owns 100% of the subscriber. He also went short 271m shares on 12-Dec-2013.

• Orgs
  • BURWILL HOLDINGS LIMITED
  • LUCKY CREATION LIMITED