SANYUAN GROUP LIMITED 三元集團有限公司
Singapore Hong Kong Properties
We take a close look at the confetti of placings being thrown by this company. After 7 placings in 4 months, the number of issued shares has increased by 193% and existing shareholders have seen the net asset value diluted by 44% without ever being entitled to participate. Now the company proposes to buy properties from its Chairman and from Kong Tai, its substantial shareholder. (7-Jul-1999)
We take a close look at the confetti of placings being thrown by this company. After 7 placings in 4 months, the number of issued shares has increased by 193% and existing shareholders have seen the net asset value diluted by 44% without ever being entitled to participate. Now the company proposes to buy properties from its Chairman and from Kong Tai, its substantial shareholder. (7-Jul-1999)
Decision in relation to Kong Tai and cold shoulder order against David Wong Wai Chi
HK Takeovers and Mergers Panel, 24-Jun-1999
HK Takeovers and Mergers Panel, 24-Jun-1999
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