Lau, Barry Wang Chi 劉宏智

ACCP Global Ltd, 100%-owned by Barry Lau Wang Chi, defaults on subscription of shares in CA Cultural (1566)
Company announcement, 8-Dec-2021
Astonishingly, the 86m shares were allotted on 29-Sep-2021 without having been paid for, and 40m of the shares were deposited into the clearing system with a broker, Well Link Securities Ltd, for the subscriber's account. A week later, the stock crashed 77%, and now the subscriber has defaulted. We note that Keith Kwan Kin Man, the CFO of Well Link, was once a licensed representative of Adamas Asset Management (HK) Ltd, which was then 50% owned by Barry Lau.
Barry Lau Wang Chi via ACCP Global Ltd agrees to subscribe 86m shares (8.05%) of CA Cultural (1566) at $2.50 per share for HK$215m
Company announcement, 1-Sep-2021
SFC v Adamas Asset Management (HK) Ltd
HK Court of First Instance, 24-Mar-2021
"there is compelling evidence that unknown persons have resorted to unlawful means to try to take control of the Company by misrepresenting to the outsiders and the general public that they have been authorised to act on behalf of the Company."
SFC petitions to wind up Adamas Asset Management (HK) Ltd
SFC, 26-Feb-2021
The sole director, Paul Lincoln Heffner was reportedly found dead in his Tesla on 1-Jan-2021, with a bucket of burnt charcoal in the back seat. We note that the firm and its co-founder Barry Lau Wang Chi featured in articles we wrote about the Enigma Network. Mr Lau ceased to be a Responsible Officer of the firm on 30-Nov-2020.
Barry Lau Wang Chi sub-underwrites 370m shares of Lerado (1225) open offer
Disclosure of interest, 4-Sep-2015
He is a Responsible Officer of Adamas Asset Management (HK) Ltd. The primary underwriter is Gransing Securities Co Ltd.
A R Evans Capital Partners Ltd v Novel Alternative Investment Ltd & others: costs
HK Court of First Instance, 22-Feb-2012
A R Evans Capital Partners Ltd v Novel Alternative Investment Ltd & others
HK Court of First Instance, 16-Feb-2012

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