Starlight Culture Entertainment Group Limited 星光文化娛樂集團有限公司
SFC obtains disqualification and compensation orders against former chairman and directors of Karce (1159)
| Karce chairman extracted hidden fee
SFC, 27-Feb-2018
Webb-site blew the whistle on this case on 21-Jan-2011, in our article "Karce chairman extracted hidden fee" above. The company is now called Starlight Culture Entertainment Group Ltd. In our view, the Chairman was lucky not to face criminal prosecution.
SFC, 27-Feb-2018
Webb-site blew the whistle on this case on 21-Jan-2011, in our article "Karce chairman extracted hidden fee" above. The company is now called Starlight Culture Entertainment Group Ltd. In our view, the Chairman was lucky not to face criminal prosecution.
Concentration warning in Sinogreen (1159)
SFC, 11-Nov-2014
Webb-site analysis: Sinogreen had net assets at 30-Jun-2014 of $24.1m and raised $164.4m from the issue of shares and convertible bonds to a Macau junket operator on 19-Sep-2014, with an issue and conversion price of $0.35. Upon full conversion, there will be 652,564,800 shares in issue, with a pro forma net asset value of $0.29 per share. The shares trade at $13.00, or about 45 times NAV.
SFC, 11-Nov-2014
Webb-site analysis: Sinogreen had net assets at 30-Jun-2014 of $24.1m and raised $164.4m from the issue of shares and convertible bonds to a Macau junket operator on 19-Sep-2014, with an issue and conversion price of $0.35. Upon full conversion, there will be 652,564,800 shares in issue, with a pro forma net asset value of $0.29 per share. The shares trade at $13.00, or about 45 times NAV.
SFC seeks court orders against former Chairman and directors of Karce (1159)
| Karce chairman extracted hidden fee
SFC, 8-Oct-2014
At last! Webb-site blew the whistle on this case on 21-Jan-2011, in our article "Karce chairman extracted hidden fee" above. The company is now called Sinogreen Energy International Group Ltd. The SFC action comes close to the 6-year civil action limit. Presumably the DoJ did not wish to prosecute this as a criminal case.
SFC, 8-Oct-2014
At last! Webb-site blew the whistle on this case on 21-Jan-2011, in our article "Karce chairman extracted hidden fee" above. The company is now called Sinogreen Energy International Group Ltd. The SFC action comes close to the 6-year civil action limit. Presumably the DoJ did not wish to prosecute this as a criminal case.
Karce (1159) v China Eagle Development Ltd & Fairtime International Ltd
HK Court of First Instance, 20-Jun-2013
China Eagle Development is 49% owned by Ms Hsu Ming Shan and 51% by Ms Lam Suk Fong. Her son Chan Hau Kong (fka Chan Shun Yuen) owns Fairtime.
HK Court of First Instance, 20-Jun-2013
China Eagle Development is 49% owned by Ms Hsu Ming Shan and 51% by Ms Lam Suk Fong. Her son Chan Hau Kong (fka Chan Shun Yuen) owns Fairtime.
Joseph Wong King Lam voted off board of Karce (1159)
Company announcement, 1-Jun-2012
The largest beneficial shareholder of the company is Mr Chim Pui Chung, with 198.944m shares (28.33%).
Company announcement, 1-Jun-2012
The largest beneficial shareholder of the company is Mr Chim Pui Chung, with 198.944m shares (28.33%).
Karce chairman extracted hidden fee
According to a judgment published today, when Karce (1159) sold a PCB business in 2008, the price was actually US$4m, not US$3m as Karce announced, and US$1m went as a "consultancy fee" to a company called Extract Group Ltd. And guess who owned Extract? We tell you, and call on the SFC and SEHK to investigate. (21-Jan-2011)
According to a judgment published today, when Karce (1159) sold a PCB business in 2008, the price was actually US$4m, not US$3m as Karce announced, and US$1m went as a "consultancy fee" to a company called Extract Group Ltd. And guess who owned Extract? We tell you, and call on the SFC and SEHK to investigate. (21-Jan-2011)
Karce (1159) directors sell 27.77% to Chim Pui Chung for HK$83.149m
Company announcement, 27-Jul-2007
Company announcement, 27-Jul-2007
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