Durable Energy Limited (VG)
Censure of IntelliCentrics (6819) and 2 EDs
SEHK, 29-Jun-2021
For diverting almost all of its net IPO proceeds on 27-Mar-2019, the day of listing, into promissory notes issued by offshore companies via AMTD Global Markets Ltd, without evening knowing who owned the companies. AMTD was one of the IPO Joint Bookrunners. We know that one of the borrowers, Ariana Capital Investment Ltd, is or was owned by Andrew Chiu, who became a Vice Chairman of AMTD International Inc (parent of AMTD Global Markets Ltd) in Dec-2019.
SEHK, 29-Jun-2021
For diverting almost all of its net IPO proceeds on 27-Mar-2019, the day of listing, into promissory notes issued by offshore companies via AMTD Global Markets Ltd, without evening knowing who owned the companies. AMTD was one of the IPO Joint Bookrunners. We know that one of the borrowers, Ariana Capital Investment Ltd, is or was owned by Andrew Chiu, who became a Vice Chairman of AMTD International Inc (parent of AMTD Global Markets Ltd) in Dec-2019.
IntelliCentrics (6819): we put our IPO proceeds into promissory notes arranged by AMTD Global Markets Ltd and didn't announce it, breaching Listing Rules
Company announcement, 19-May-2020
AMTD Global Markets Ltd was a Joint Global Coordinator in the IPO. We know that one of the borrowers, Ariana Capital Investment Ltd, is or was owned by Andrew Chiu, who became a Vice Chairman of AMTD International Inc (parent of AMTD Global Markets Ltd) in Dec-2019.
Company announcement, 19-May-2020
AMTD Global Markets Ltd was a Joint Global Coordinator in the IPO. We know that one of the borrowers, Ariana Capital Investment Ltd, is or was owned by Andrew Chiu, who became a Vice Chairman of AMTD International Inc (parent of AMTD Global Markets Ltd) in Dec-2019.
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy