Huarong International Securities Limited 華融國際證券有限公司

Hengshi Mining (1370) controller moves 64.78% from BOSC to Huarong
BOSC is owned by Bank of Shanghai Co Ltd. (29-Dec-2017)
Nine Express (0009) controller moves 18.62% from Donghai to Huarong
This is likely a share pledge. Donghai had a security interest starting 3 months ago, suggesting a 3-month loan to the controller, Keyne Holdings Ltd, owned by Mr Zhu Boheng, son of Executive Director Ms Qian Ling Ling. (18-Dec-2017)
Huarong Intl (0993) subscribes HK$800m convertible bond of China First Capital (1269)CFC announcement
Company announcement, 4-Dec-2017
Huarong International's 100% subsidiary, Huarong International Securities, gets a 4.5% arrangement fee on the 2-year, 7% bonds. Mr Tang Mingyang, an ED of CFCG, has guaranteed the bonds and pledged his 16.84% shareholding as security. He and CFCG have an obligation to top up the security if the share price drops below a certain level causing the loan-to-value ratio to rise above 50%, failing which, the bonds can be redeemed.
Questions on Teamway (1239) and a bit of soccer
An HKEX decision last week led us to discover an inflated acquisition that looks like a cash extraction exercise, possibly to cover an earlier outlay of "earnest money". A sudden surge in profits of the acquired consultancy coincides with a Chinese takeover of troubled soccer team A.C. Milan, or Rossonori, which prints more red ink than black, and a deeply-subordinated loan to its Chairman. (22-Oct-2017)
SFC bans and fines Lam Chun Yin & Yeung Chok Cheong, ex-Huarong Intl Securities
SFC, 10-Aug-2016
Imperial Pacific bubble
We look at the HK$24.8bn (US$3.2bn) bubble in Imperial Pacific (1076) surrounding a Macau junket operation and a casino project in Saipan. (8-Jan-2015)
SFC suspends Mr Andy Lui Hing Yip for 9 months over unlicensed activities in his Wanchai branch
SFC, 12-Jan-2012
SFC suspends Ms Lee Chi Ying for 8 months for unlicensed dealing
SFC, 19-Sep-2011
SFC reprimands and fines Cheung's Securities Brokers Ltd for internal control failures and suspends Lun Han Yuk for breaching the client money rules
SFC, 1-Sep-2005
SFC reprimands Cheung's Securities Brokers Ltd, Mr Haywood Cheung, Ms Lun Han Yuk & Lee Fung Hong (International) Futures Ltd
SFC, 26-Apr-2000
SFC reprimands Mr Marco Ng Shek Kwong for unregistered dealing
SFC, 26-Apr-2000
SFC reprimands Mr Kong Wai Man
SFC, 26-Apr-2000
SFC prosecutes Mr Ng Shek Kwong & Mr Kong Wai Man
SFC, 21-Dec-1998
SFC prosecutes unregistered dealers
SFC, 11-Dec-1998
Success on appeal of rural leader's son
South China Morning Post, 22-Jun-1996

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