L & A International Holdings Limited 樂亞國際控股有限公司

L&A (8195) discloses an acquisition 6 months late
Company announcement, 6-Dec-2017
Takeovers Panel upholds ruling on offer for L & A (8195)
SFC, 12-Oct-2016
L & A (8195): 1.6bn options exercisedCCASS deposits
Company filing, 24-Aug-2016
The holders of these 10-year options all forfeited the time value and exercised them on the day that they were announced, 22-Aug, having been purportedly offered or granted on 22-Jul. The new shares were probably deposited into CCASS on 24-Aug and 25-Aug, via FP Sino-Rich Securities & Futures Ltd (1.4bn) and Emperor Securities Ltd (0.2bn).
L&A (8195) purportedly granted 2bn options a month ago
Company announcement, 22-Aug-2016
L&A has been facing a possible hostile takeover bid since 22-Jul-2016, and now it says, a month later, that on that date it purportedly granted options over 2bn shares to 10 "employees and consultants", of which 1.8bn have been "accepted". Our take: the grant should have been announced under the Listing Rules on 22-Jul-2016, otherwise we cannot rule out the possibility of backdating.
Tech Pro (3823) crashes 86.3%: we told you so
In our article of 24-Sep-2015, we pointed to 3 bubbles, 2 of which have now burst: L & A (8195) and Tech Pro (3823). The remaining one is umbrella-maker China Jicheng (1027) which has net tangible assets at 31-Dec-2015 of about HK$0.0067 per share (post-split), so it has about 97% downside from today's closing price of $0.224. (28-Jul-2016)
L & A (8195): AGM postponed due to forged proxy form
Company announcement, 27-Jul-2016
The former bubble stock remains suspended pending inside information. It crashed 91.6% on 6-Jul-2016.
L&A (8195) launches placing via FP Sino-Rich
Company announcement, 21-Jul-2016
After the bursting of a bubble in its share price, L&A exhausts a general issue mandate, to raise money so that it can lend it out.
Bubbles and troubles in Hong Kong
Pour yourself a coffee and digest this long article as we investigate several ongoing abusive "open offers" and placings as well as show you who's been making out in multi-billion-dollar bubbles. We call on regulators and rule-makers to take action. (24-Sep-2015)
Concentration warning in L & A (8195)
SFC, 24-Jun-2015
China Env Energy (0986) pays HK$113m for 1.73% of L & A (8195)
Company announcement, 12-May-2015
The average price per share was $1.62. At 31-Dec-2014, L & A had equity of $136.73m, or $0.034 per share. So the price is about 48x book value of the OEM cashmere clothing maker. In our view, China Env Energy has just invested in another bubble, following its investment in Suncorp (1063). The question is, why?
L & A (8195): allotments and concentration warningCCASS holdings
Company announcement, 9-Oct-2014

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