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CHINESE ESTATES HOLDINGS LIMITED


New sentence for Ao Man-long
RTHK, 31-May-2012
For accepting bribes from Joseph Lau Luen-hung and Steven Lo Kit-sing and for money laundering. The alleged bribers have not yet faced trial.

Chinese Estates (0127): the vendors were independent
Company announcement, 19-Apr-2012
Comment: Chinese Estates still does not disclose who owned the BVI vendors of Moon Ocean, and does not disclose whom Moon Ocean acquired the land from. It does not repeat the 2005 claim that the BVI Lender of a $750m facility to Moon Ocean was an Independent Third Party. In a Macau court, Steven Lo Kit Sing has said that he borrowed the money from Joseph Lau.

Tycoon denies bribery claim
HK Standard, 18-Apr-2012
The article says that a company owned by Joseph Lau and Steven Lo Kit Sing won the tender for the sites - but if this is true, then who sold Moon Ocean Ltd (which acquired the land in 5 agreements in Oct-2005) to Chinese Estates? The vendors were BVI companies who were said by Chinese Estates to be independent. We call on the ICAC and SFC to investigate who owned the vendors and how Moon Ocean bought the land.

China Strategic bubble
We warn investors of a bubble in the stock of China Strategic, the 80% owner of the proposed buyer of Taiwan's Nan Shan Life Insurance, partly financed by a massive note issue convertible into 78bn shares at $0.10 each. We publish the placing list and analyse the names in the deal. Finally, we warn investors to avoid 7 companies in the "Chung Nam network", which has lost HK$6.2bn in 5 years. (13-Nov-2009)

The paid advert opposing the blackout rule
Click on "Orgs" or "People" below to get a list of signatories, scroll down, then click on their names to go to the signatory you are interested in. (29-Dec-2008)

New corporate governance measures
Company announcement, 28-Apr-2006
Chinese Estates (0127) buys 70.01% of Moon Ocean Ltd from Easy Action Ltd (BVI).  Circular
Company announcement, 3-Jan-2006
The owner of the vendor was not disclosed. The owner of the BVI Lender was not disclosed either. On 15-Oct-2005 Moon Ocean entered into 5 agreements to buy the land for MOP$1368m. The vendors of the land were not disclosed.

Three lots sold for HK$10.15bn at land auction
HK Government, 27-Sep-2005
Note: KIL11167 and KIL11168 are the site of The Hermitage, total cost HK$5.92bn, a 50:25:25 joint venture between Sino Land, Chinese Estates and Nan Fung Development. The other site, NKIL6350, went to a 100% subsidiary of Sun Hung Kai Properties and became the Aria.

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