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Opes Asia Development Limited


Opes Asia (0810): Chairman Tony Cheung Tung Lan has conviction for late filing.  The late filing
Company announcement, 19-Jan-2012
The other company isn't named, but he has only had one other disclosed shareholding since 2003, in Blu Spa (8176) in which he disposed of 5m shares (1.04%) on 6-Jul-2009, for which notice was not filed until 19-Aug-2009, outside the 3-day limit. This is such a minor offence, with an HK$8,000 fine, that the SFC no longer announces such convictions.

Breach of Listing Rules 14.26 and 21.04(3)(b)
Company announcement, 4-Feb-2004
China Treasure's Love for Yanion
Yesterday we told you how Yanion had blown over $400m on a series of questionable acquisitions from "independent third parties". Now we'll show you how China Treasure Greater China Investments, floated last year and with no disclosed links to Yanion, has thrown 58% of its net assets into shares of Yanion and two of its subsidiaries, without any announcements or shareholder approvals. (24-Jun-2003)

Yanion's Rotten Onion
In the first of two stories, we peel away the layers of the onion that is Yanion, and we don't like what we find. You will see a series of questionable acquisitions at exorbitant prices, at least two of them involving the same "independent third party", followed by legal disputes, a disclaimed audit opinion, replacement of auditors, and massive write-offs. (23-Jun-2003)

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