3 accountants among 9 arrested by ICAC for alleged bribery over listing of Macao construction firm | FRC announcement
ICAC, 22-Nov-2021
Webb-site Who's Who indicates that the firm is almost certainly Huarchi Global (2296), which shares a HK office with its auditor Wellink CPA Ltd and is chaired by Lou Cheok Meng. The Accountants' Report in the prospectus was signed by Opal Chan Yan Ting, MD of Wellink. The stock was suspended last Friday and looks like a bubble to us, on 8.6x NAV and a P/E of 109. Wong Yat Chung was CFO from 2018 until the end of 2020 when he was replaced by Chan Wai Lun. The listing was sponsored by Ample Capital Ltd. Wellink is currently the auditor of 3 other listed companies.

• Orgs
  • Accounting and Financial Reporting Council
  • HUARCHI GLOBAL GROUP HOLDINGS LIMITED
  • WELLINK CPA LIMITED
• People
  • Chan, Opal Yan Ting
  • Chan, Wai Lun (1983) 陳偉麟
  • Lou, Cheok Meng 盧卓明
  • Wong, Yat Chung (1987) 黃逸中
• Topics
  • Bubble/concentration warnings

SFC fines Ample Capital Ltd HK$5.5m, suspends RO Howard Tang Ho Wai for 17 months | Statement of Disciplinary Action
SFC, 18-Oct-2021
For bad due diligence on the aborted GEM IPO of COCCI International Ltd. We note that Mr Tang was disciplined in 2006, for similar matters on 2 GEM listing applications when he was a Responsible Officer of CSC Asia Ltd.

• Orgs
  • COCCI International Limited
• People
  • Tang, Howard Ho Wai 鄧澔暐

Universe (1046) to buy Ample Capital Ltd from anonymous vendor | Lapse
Company announcement, 24-Jun-2016
Note: the deal lapsed on 24-Jun-2017.

• Orgs
  • Honest Novel Holdings Limited
  • Universe Entertainment and Culture Group Company Limited