Tong, Shek Lun 唐錫麟

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Dealings
Webb-site Reports

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 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.

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)

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