KINGSTON FINANCE LIMITED (HK) 金利豐財務有限公司

Kingston (1031): things you should know
Even after today's plunge, Kingston is trading at 13.2x net tangible assets of $0.508 per share, 70.8x trailing earnings, and is heavily dependent on low-cost loans from its majority shareholder. Don't bet on that continuing. We also look at the extent of its margin lending to controlling shareholders of large numbers of other listed companies. (30-Jan-2018)
Chun Sing (2277) controller borrows HK$250m against 51.7% stakeDisclosure of interest
Company announcement, 12-Apr-2016
They don't say from whom, but a subsequent disclosure of interest shows that the lender is Kingston Finance Ltd, which is 80% owned by Pollyanna Chu Lee Yuet Wah.
Ngai Shun (1246) controller pledges entire stake for HK$325m loan
Company announcement, 18-Feb-2015
The lender is not disclosed, but subsequent disclosure of interests shows that it is Kingston Finance Ltd, which is controlled by Pollyanna Chu Li Yuet Wah.
Byford bubble
Investors should beware of a bubble in Byford (8272), which boasts two celebrity shareholders - New World Development's Cheng Yu Tung and Angela Leong, a wife of casino tycoon Stanley Ho. Both apparently paid 186x net asset value for the shares. (1-Jun-2009)
SFC prosecutes Kingston Finance Ltd for disclosure failure
SFC, 11-May-2006

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