Yu, Perway Kin Wai 余健偉

Sanction of 3 ex-directors of National Arts (ex-8228)
SEHK, 24-Sep-2024
In 2 deals worth HK$108.8m, the company issued shares to buy companies which had not yet paid for properties under development in Malaysia. The vendors of the companies defaulted on their obligations to complete the purchases.

Pa Shun (0574): key findings of forensic investigation into Malaysian property deals
Company announcement, 27-Oct-2023

Pa Shun (0574): termination of Malaysian property purchases
Company announcement, 12-May-2022
It turns out that the Malaysian companies, 49% of which was acquired in 2019 from Perway Yu Kin Wai and Alfonso Chu Hin Ming, did not own the properties and the Developer has now terminated the transactions - presumably due to default. We note that Pa Shun bought the stakes on the basis of the valuation of the properties.

National Arts (8228) buys Malaysian property vehicle from Alfonso Chu Hin Ming and Perway Yu Kin Wai for HK$90m in new shares | Completion
Company announcement, 29-Jan-2021
"Upon Completion, the Target Company will own the Target Apartments".

New Western (8242) buys 45% of property vehicle from Alfonso Chu Hin Ming for HK$13.5m in new shares | Completion
Company announcement, 25-Mar-2020
The new shares represent 20% of existing shares so this completely exhausts the general issue mandate. The deal comes 12 days after New Western loaned Mr Chu HK$25m and 9 days after a $22m loan to Mr Chu's business partner Perway Yu Kin Wai, who provided the same underlying security.

New Western (8242) lends HK$22m to BVI company guaranteed by Perway Yu Kin Wai
Company announcement, 17-Mar-2020
This comes 3 days after a $25m loan to a BVI company owned by Alfonso Chu Hin Ming. The two loans involve the same security, and in our view should have been aggregated under the Listing Rules. Mr Gan Lin became CEO of New Western on 22-Jan-2020. Until 11-Jun-2019 he was CEO of Forebase (2310). On 10-Apr-2019, Forebase bought a 49% interest in a Malaysian property company from the same 2 people.

New Western (8242) lends HK$25m to BVI company guaranteed by Alfonso Chu Hin Ming
Company announcement, 13-Mar-2020

Forebase (2310) buys 49% of Malaysian property vehicle from Perway Yu Kin Wai and Alfonso Chu Hin Ming for HK$21.07m in new shares | Agreement
Company announcement, 10-Apr-2019

Pa Shun (0574) buys 49% of another Malaysian property vehicle from Perway Yu Kin Wai and Alfonso Chu Hin Ming for HK$19.09m in new shares | Completion
Company announcement, 3-Apr-2019

Pa Shun (0574) buys 49% of Malaysian property vehicle from Perway Yu Kin Wai and Alfonso Chu Hin Ming for HK$45.325m in new shares | Completion
Company announcement, 10-Mar-2019