ZHIDAO INTERNATIONAL (HOLDINGS) LIMITED
Ocean Grand liquidators get court approval for litigation financing
HK Court of First Instance, 8-Oct-2015
The companies are not named, but from the case numbers we know that they are former subsidiaries of Ocean Grand Holdings Ltd, which collapsed in 2006. The parent company went through a scheme of arrangement and emerged as Zhidao (1220). The liquidators, presumably still Deloitte, can now sue unnamed persons to try to recover money for the bondholders, who as of 2008 were owed about HK$1.2bn.
HK Court of First Instance, 8-Oct-2015
The companies are not named, but from the case numbers we know that they are former subsidiaries of Ocean Grand Holdings Ltd, which collapsed in 2006. The parent company went through a scheme of arrangement and emerged as Zhidao (1220). The liquidators, presumably still Deloitte, can now sue unnamed persons to try to recover money for the bondholders, who as of 2008 were owed about HK$1.2bn.
HKSAR v Michael Yip Kim Po & Christie Yip Wan Fung (aka Yip Kim Fung)
HK Court of Final Appeal, 20-Mar-2014
The CFA dismisses the application for leave to appeal and criticises District Court judge Kevin Browne for the length of his 1753-paragraph Reasons for Verdict.
HK Court of Final Appeal, 20-Mar-2014
The CFA dismisses the application for leave to appeal and criticises District Court judge Kevin Browne for the length of his 1753-paragraph Reasons for Verdict.
Former Ocean Grand chairman, sister jailed for fraud
RTHK, 8-Oct-2010
...and are hereby inducted into the Webb-site Hall of Shame. We note that Yip Kim Po was appointed as a Justice of the Peace just 23 days before the companies imploded, and is still listed as a JP, so perhaps he can visit himself in jail.
RTHK, 8-Oct-2010
...and are hereby inducted into the Webb-site Hall of Shame. We note that Yip Kim Po was appointed as a Justice of the Peace just 23 days before the companies imploded, and is still listed as a JP, so perhaps he can visit himself in jail.
Ocean Grand boss cleared of fraud
HK Standard, 20-Mar-2009
...but still faces charges of theft and money-laundering
HK Standard, 20-Mar-2009
...but still faces charges of theft and money-laundering
Bob Bunker runs for HKEx Board
Webb-site.com is pleased to announce that Bob Bunker has accepted a nomination to run in the contest for election as a director of HKEx. Two board seats are available. We recommend shareholders vote in favour of Mr Bunker and incumbent director Mr Bill Kwok Chi-piu, and against all other candidates. We also update you on the Ocean Grand case. (31-Mar-2008)
Webb-site.com is pleased to announce that Bob Bunker has accepted a nomination to run in the contest for election as a director of HKEx. Two board seats are available. We recommend shareholders vote in favour of Mr Bunker and incumbent director Mr Bill Kwok Chi-piu, and against all other candidates. We also update you on the Ocean Grand case. (31-Mar-2008)
Ocean Grand's Shipwreck
By popular request, we give our comments on the Ocean Grand debacle. The warning signs of bad governance or worse were there for years, but few picked up on them. We conduct a detailed autopsy, and find plenty of material for regulators and police investigators to get their teeth into. We also look at the characters involved with the companies and what this says about the state of battle for shareholder rights in HK. (31-Jul-2006)
By popular request, we give our comments on the Ocean Grand debacle. The warning signs of bad governance or worse were there for years, but few picked up on them. We conduct a detailed autopsy, and find plenty of material for regulators and police investigators to get their teeth into. We also look at the characters involved with the companies and what this says about the state of battle for shareholder rights in HK. (31-Jul-2006)
Provisional liquidation, RMB842m discrepancy in bank balances, litigation, both INEDs uncontactable
Company announcement, 24-Jul-2006
Company announcement, 24-Jul-2006
Vincent Marshall Lee Kwan-ho resigns as INED and Chairman of Audit Committee for "personal reasons"
Company announcement, 24-Jul-2006
Company announcement, 24-Jul-2006
SFC launches s179 inquiry into Ocean Grand Holdings Ltd and Ocean Grand Chemicals Holdings Ltd
SFC, 24-Jul-2006
SFC, 24-Jul-2006
Financial controller of subsidiary goes missing; potential irregularities in accounting records
Company announcement, 11-Jul-2006
Company announcement, 11-Jul-2006
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