Sansar Capital Management LLC
Derek Fung Yue Tak, ED of Willie (0273) bought Sansar's 19.64% stake in Tack Fat (0928)
Disclosure of interest, 19-Jul-2011
The purchase price was $0.40 per share, which is twice the price at which Shen Dong acquired 29.5% from Mr Kwok Wing. The purchaser is an ED of Willie, the Chairman of which is Henry Chuang Yueheng, the son of Ms Joan Huang Min Chuan. She is the sole beneficiary of the Investor in the Tack Fat restructuring. Another son, Eugene Chuang Yue-chien, is the sole director of the Investor.
Disclosure of interest, 19-Jul-2011
The purchase price was $0.40 per share, which is twice the price at which Shen Dong acquired 29.5% from Mr Kwok Wing. The purchaser is an ED of Willie, the Chairman of which is Henry Chuang Yueheng, the son of Ms Joan Huang Min Chuan. She is the sole beneficiary of the Investor in the Tack Fat restructuring. Another son, Eugene Chuang Yue-chien, is the sole director of the Investor.
Tack Fat (0928) ceases injunction application against Sansar
Company announcement, 7-Jul-2011
Tack Fat does not disclose the terms of this "amicable settlement". We think that other investors have a right to know.
Company announcement, 7-Jul-2011
Tack Fat does not disclose the terms of this "amicable settlement". We think that other investors have a right to know.
Tack Fat (0928) tries to injunct an investor from voting against restructuring
Company announcement, 5-Jul-2011
Sansar's funds own 19.6% of Tack Fat. We see no reason why they should not be allowed to vote as they see fit.
Company announcement, 5-Jul-2011
Sansar's funds own 19.6% of Tack Fat. We see no reason why they should not be allowed to vote as they see fit.
Tack Fat (0928) files proceedings in Cayman Islands against "Dissenting Shareholders"
Company announcement, 20-Oct-2010
This begs the question - what is the point of allowing shareholders to vote on a restructuring if the company or its liquidators are going to sue investors who vote against? The company now wants those votes to be declared invalid. We guess that the two investors are Sansar Capital Management LLC and Jayhawk Capital Management LLC. We see no reason why their votes should be invalid.
Company announcement, 20-Oct-2010
This begs the question - what is the point of allowing shareholders to vote on a restructuring if the company or its liquidators are going to sue investors who vote against? The company now wants those votes to be declared invalid. We guess that the two investors are Sansar Capital Management LLC and Jayhawk Capital Management LLC. We see no reason why their votes should be invalid.
Tack Fat (0928) independent shareholders veto restructuring
Company announcement, 15-Sep-2010
The provisional liquidators consider "making investigations into the voting results".
Company announcement, 15-Sep-2010
The provisional liquidators consider "making investigations into the voting results".
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