Ding Yi Feng Holdings Group International Limited 鼎益豐控股集團國際有限公司

SFC commences MMT proceedings against Ding Yi Feng former chairman over suspected market manipulationNotice to MMT
SFC, 27-Mar-2024
Rather strangely, the SFC's notice to the MMT was dated 16-Aug-2023 but has only now been uploaded to the MMT website (the PDF was created on 26-Mar-2024) and announced by the SFC. Why the delay?
SFC sues ex-Chairman of Ding Yi Feng (0612) and 20 others for market manipulation, seeks compensation for investors
SFC, 26-Feb-2024
The action comes just 3 days before the 6-year limit for civil actions under the Limitation Ordinance. Presumably, criminal charges for market manipulation will not be brought, perhaps because the individuals are not in HK. The SFC has filed a Writ of Summons at the court but has not published it online, and the court registry is not online.
HKICPA fines HLM CPA Ltd, Eliza Yuen Suk Ching and Fiona Ng Fai HK$95k in total
HKICPA, 29-Jun-2022
For bad audit work on the 2016 accounts of China Investment Fund (0612). Ms Yuen is already serving a 3-year ban imposed in 2020, and this is her 4th sanction in 6 years. It's the 2nd sanction for the firm in 3 years.
Censure/criticism of China Ding Yi Feng (0612) and directors
SEHK, 22-Apr-2020
SFC to commence proceedings for suspected manipulation in China Ding Yi Feng (0612)
SFC, 22-Jan-2020
Against a number of individuals including at least 1 officer of the company. It's unclear whether the proceedings will be civil or criminal. Trading resumes tomorrow, but 32.37% remains frozen by the investigation. The bubble stock was suspended at $23.08 but net assets are just $0.07, so prepare for a spectacular, HK$28bn crash.
SFC restricts accounts at 9 brokers for suspected manipulation of China Ding Yi Feng (0612)
SFC, 25-Jun-2019
The "Statement of Reasons" for this has not been published. It follows 9 earlier restriction notices in relation to the same stock on 20-Mar-2019.
SFC issues restriction notices to 9 brokers freezing client accounts linked to suspected market manipulation of China Ding Yi Feng (0612) shares
SFC, 20-Mar-2019
We note that the Gazette Notices published on 29-Mar-2019 do not attach the normal "Statement of Reasons" that they refer to.
SFC directs suspension of China DYF (0612)
SEHK, 8-Mar-2019
This follows a complaint by Webb-site to the SFC on 18-Feb-2019 and a Bloomberg article on 22-Feb-2019. This is a "Chapter 21" closed-end investment fund, trading at about 86x NAV. Such companies are exempt from the public float requirement of the Listing Rules, and the SFC has not issued any concentration warning on this stock. Consequently it has been admitted into various HSI and MSCI indices, exacerbating the bubble. It was due to enter the HSI Large and Mid-Cap Index at the close of business today.
Mysterious 8,500% stock gain attracts big funds (and big questions)
Bloomberg, 22-Feb-2019
Comment: this is a closed-end investment fund trading at 93 times its net asset value, rather than the normal discount that such funds attract. MSCI and HSI should know better than to include such funds in their indices, as they are not regular companies and are prohibited from participating in business management. They are also exempt from the public float requirements, which is probably why the SFC has not issued concentration warnings on such stocks, but it should do so anyway.
China Investment Fund (0612) v Guang Sheng Investment Development Group Ltd & others
HK Court of First Instance, 11-Mar-2016
China Investment Fund (0612): suspends INED
Company announcement, 19-Jan-2016
China Investment Fund (0612): suspected RMB30m misappropriation
Company announcement, 12-Jan-2016
China Investment Fund (0612): 3 NEDs suspended
Company announcement, 17-Dec-2015
China Investment Fund (0612) suspended on suspected misappropriation
Company announcement, 16-Dec-2015
China Investment Fund (0612): it was the investment manager who terminated
Company announcement, 4-Nov-2015
China Investment Fund (0612): investment management agreement terminated
Company announcement, 22-Sep-2015
Economical with the truth, the announcement fails to say which party terminated the agreement.
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)
Share charge over Sys Solutions (8182) to Suen Suet Ngo & China Investment Fund Co Ltd (0612), 3-Nov-2006
Company filing, 29-Nov-2006
Loan agreement to Kenny Chan Wing Him from Suen Suet Ngo & China Investment Fund Co Ltd (0612), 3-Nov-2006
Company filing, 29-Nov-2006
The Baron Network
In another exclusive, Webb-site.com blows the lid off a network of cross-holdings involving Kenfair (0223), Cosmopolitan (0120), GR Investment (0310), Golden Resources (0677) and China Investment Fund (0612), probably involving multiple breaches of Listing Rules and possibly the Takeover Code, but as yet there has been no regulatory action. (14-Apr-2004)
China United (0273) buys 37.5m shares (9.64%) of Hennabun Management Inc from Golden Resources (0677) for HK$72m in shares
Company announcement, 11-Mar-2004
Just prior to this deal, HMI is a hub owned by 10 listed companies, including 2 not seen in prior filings: Yugang (0613) has 20.56%, and China Investment Fund Co Ltd (0612) has acquired 2.5m shares (0.64%), probably from Golden Resources.

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