Opes Asia Development Limited
Investment company director charged with offering HK$349k bribes...
...to a senior exec of Opes Asia (0810) as rewards for causing Opes to buy 5.732m shares of Datronix (0889). Accounts show that Opes owned 6.418m shares (2.01%) of Datronix at 31-Dec-2011. The allegedly offered bribe is about 2% of the market value of the shares involved at the time.
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.
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)
- Chan, Charles Wai Dune
- Chan, Michael Yan Ming
- Chan, Tak Hung (1960)
- Chen, Brian Wen Suei
- Cheng, Shu Wing
- Choy, Milano Tak Ho
- Kao, John Ying Lun
- Ma, Gary Ming Fai
- Ma, Robert Kam Fook
- Sherrill, Andrew Nan
- Yip, Jerry Wai Leung
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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