Au Yeung, Kai Chor 歐陽啟初
China Smarter Energy (1004) tries to explain why it only got HK$1.2m for assets which others valued around 100x higher
Company announcement, 14-Apr-2023
CSE valued its 1.71% stake of Seekers Partners Ltd at 31-Dec-2021 at HK$0.04 per share or $1.126m, but on the same date, Shandong Hi-Speed (0412) valued its 2.91% stake at $4.396 per share ($211m), after a 25% discount for lack of marketability, and Touyun Biotech (1332) valued its 0.55% stake at $27m ($2.96 per share). CSE says it couldn't attract buyers because all 3 investees refused to provide financial data - to which SHS and Touyun apparently had access. Similar gross disparities apply to the stake in FreeOpt Holdings Ltd. In the end, CSE sold all 3 to Mr Au Yeung Kai Chor in order to finalise their overdue audited accounts and resume trading.
Company announcement, 14-Apr-2023
CSE valued its 1.71% stake of Seekers Partners Ltd at 31-Dec-2021 at HK$0.04 per share or $1.126m, but on the same date, Shandong Hi-Speed (0412) valued its 2.91% stake at $4.396 per share ($211m), after a 25% discount for lack of marketability, and Touyun Biotech (1332) valued its 0.55% stake at $27m ($2.96 per share). CSE says it couldn't attract buyers because all 3 investees refused to provide financial data - to which SHS and Touyun apparently had access. Similar gross disparities apply to the stake in FreeOpt Holdings Ltd. In the end, CSE sold all 3 to Mr Au Yeung Kai Chor in order to finalise their overdue audited accounts and resume trading.
Capital VC (2324) and Longlife (8037)
Our analysis shows that a general offer may have been triggered for Longlife and possibly for Capital VC too. We look at the close relationship between the two and the people involved. We also ask how a person could continue to act as director of a valuer, issuing valuation opinions for numerous listed companies, without disclosing that he was bankrupt at the time. (14-Aug-2011)
Our analysis shows that a general offer may have been triggered for Longlife and possibly for Capital VC too. We look at the close relationship between the two and the people involved. We also ask how a person could continue to act as director of a valuer, issuing valuation opinions for numerous listed companies, without disclosing that he was bankrupt at the time. (14-Aug-2011)
Unity (0913) issues shares to Au Yeung Kai Chor, ED of Dragonite (0329)
Company announcement, 30-Mar-2011
Unity and Dragonite are both members of what we call the "Chung Nam Network". The shares are issued at a 68.8% discount to the net asset value per share of $0.96 at 28-Feb-2011.
Company announcement, 30-Mar-2011
Unity and Dragonite are both members of what we call the "Chung Nam Network". The shares are issued at a 68.8% discount to the net asset value per share of $0.96 at 28-Feb-2011.
Censure and/or criticism of 5 directors of Mascotte
SEHK, 4-Aug-2010
For failing to disclose promptly the humungous losses on investments which, we note, were made after the company became a member of what we call the "Chung Nam Network".
SEHK, 4-Aug-2010
For failing to disclose promptly the humungous losses on investments which, we note, were made after the company became a member of what we call the "Chung Nam Network".
Forefront (0885) sells Guangzhou property to Au Yeung Kai Chor for HK$85m
Company announcement, 26-May-2010
This was acquired by Forefront from Willie (0273) 2 months ago for $100m in shares, but by the time they completed the deal on 19-May, the shares were only worth $60m. A week later, they are selling it, so they book a $25m gain rather than a $15m loss.
Company announcement, 26-May-2010
This was acquired by Forefront from Willie (0273) 2 months ago for $100m in shares, but by the time they completed the deal on 19-May, the shares were only worth $60m. A week later, they are selling it, so they book a $25m gain rather than a $15m loss.
Willie (0273) sells Found Macau stake to Au Yeung Kai Chor at 50% loss
| Circular
Company announcement, 18-Jan-2006
Company announcement, 18-Jan-2006
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