Bradaverse Education (Int'l) Investments Group Limited (BM) 源宇宙教育(國際)投資集團有限公司
Court convicts Wong King Hoi of obstruction of SFC's search of his home
SFC, 27-Oct-2022
Relating to suspected market manipulation of shares of an unnamed HK-listed company. We don't know which, but we note that until 15-Apr-2021, Mr Wong was an ED of HK Education (1082), a company in what we called the "Enigma Network".
SFC, 27-Oct-2022
Relating to suspected market manipulation of shares of an unnamed HK-listed company. We don't know which, but we note that until 15-Apr-2021, Mr Wong was an ED of HK Education (1082), a company in what we called the "Enigma Network".
HK Education (1082) buys 60% of UFO Interactive Group Ltd from Alan Leung Wing Lun
| Completion
Company announcement, 30-Apr-2021
The consideration of HK$19.2m is payable in new shares. The target group has net liabilities, but a valuer says the shares are worth HK$22.618m. The Valuer assumes that the financial projections were prepared on a reasonable basis - so if they weren't, then the valuation is worthless.
Company announcement, 30-Apr-2021
The consideration of HK$19.2m is payable in new shares. The target group has net liabilities, but a valuer says the shares are worth HK$22.618m. The Valuer assumes that the financial projections were prepared on a reasonable basis - so if they weren't, then the valuation is worthless.
Duo charged with bribery and illegal use of smartphones to obtain access to confidential information of HKDSE
ICAC, 25-Jul-2018
Modern Education is a 100% subsidiary of HK Education (1082) which featured in our "Enigma Network" last year. This is the second case involving Modern Education and alleged exam cheating, following charges filed against others on 4-Jun-2018.
ICAC, 25-Jul-2018
Modern Education is a 100% subsidiary of HK Education (1082) which featured in our "Enigma Network" last year. This is the second case involving Modern Education and alleged exam cheating, following charges filed against others on 4-Jun-2018.
4 charged with using smartphones to get confidential questions on HK secondary school Chinese exams
ICAC, 4-Jun-2018
All the charges involve allegedly "obtaining access to computers with dishonest intent" - in this case, smartphones, presumably to transmit photos of exam questions and other material. Modern Education (HK) Ltd is a 100% subsidiary of HK Education (1082) which featured in our "Enigma Network" last year.
ICAC, 4-Jun-2018
All the charges involve allegedly "obtaining access to computers with dishonest intent" - in this case, smartphones, presumably to transmit photos of exam questions and other material. Modern Education (HK) Ltd is a 100% subsidiary of HK Education (1082) which featured in our "Enigma Network" last year.
HK Education (1082) sued by Convoy (1019)
Company announcement, 19-Dec-2017
War breaks out in the Enigma Network. Convoy now says that in a massive placing in 2015, it provided margin financing for HK Education to take up shares, so Convoy was in effect financing the subscription of its own shares.
Company announcement, 19-Dec-2017
War breaks out in the Enigma Network. Convoy now says that in a massive placing in 2015, it provided margin financing for HK Education to take up shares, so Convoy was in effect financing the subscription of its own shares.
HK Education (1082): directors disappointed
Company announcement, 3-Nov-2017
The company says the purported board meeting to appoint Kevin Ng King Wai and Chan Kwan Yiu was invalid for failure to give proper notice to all members of the Board. Happiness breaks out at a member of the "Engima Network".
Company announcement, 3-Nov-2017
The company says the purported board meeting to appoint Kevin Ng King Wai and Chan Kwan Yiu was invalid for failure to give proper notice to all members of the Board. Happiness breaks out at a member of the "Engima Network".
Hanison (0896) may buy 21/F of Kings Wing Plaza, Shatin
Company announcement, 1-Jun-2017
The vendors and their owners are unnamed, but we can tell you that they are HKEI (1082), which owns 60%, and Finsoft (8018) which owns 40%. 2 weeks ago, Hanison signed MoUs to buy 20/F from Convoy (1019) and 22/F from Town Health (3886), so this completes the penthouse triplex. All 4 vendors are in what we call the "Enigma Network".
Company announcement, 1-Jun-2017
The vendors and their owners are unnamed, but we can tell you that they are HKEI (1082), which owns 60%, and Finsoft (8018) which owns 40%. 2 weeks ago, Hanison signed MoUs to buy 20/F from Convoy (1019) and 22/F from Town Health (3886), so this completes the penthouse triplex. All 4 vendors are in what we call the "Enigma Network".
Hanison (0896) may buy 20/F, 22/F of Kings Wing Plaza, Shatin
Company announcement, 17-May-2017
The vendors are not identified, but we'll tell you that 20/F is owned by Convoy (1019) which bought it for HK$107.4m in Jan-2015, and 22/F (top floor) is owned by Town Health (3886) which acquired Faithful Sun Ltd in 2016. Both vendors are in what we call the "Enigma Network". The price is about HK$10k per gross sq ft, and quite sensibly, Hanison is buying companies which own the properties to legally avoid 8.5% double stamp duty. The 21/F in the sandwich is owned by Ultimate Elite Investments Ltd, which is 60% owned by HKEI (1082) and 40% by Finsoft (8018), two other members of the Enigma Network.
Company announcement, 17-May-2017
The vendors are not identified, but we'll tell you that 20/F is owned by Convoy (1019) which bought it for HK$107.4m in Jan-2015, and 22/F (top floor) is owned by Town Health (3886) which acquired Faithful Sun Ltd in 2016. Both vendors are in what we call the "Enigma Network". The price is about HK$10k per gross sq ft, and quite sensibly, Hanison is buying companies which own the properties to legally avoid 8.5% double stamp duty. The 21/F in the sandwich is owned by Ultimate Elite Investments Ltd, which is 60% owned by HKEI (1082) and 40% by Finsoft (8018), two other members of the Enigma Network.
The Enigma Network: 50 stocks not to own
Sometimes, all you need to tell a story is a picture. (15-May-2017)
Sometimes, all you need to tell a story is a picture. (15-May-2017)
AMCO United (0630) sells 40% of Ultimate Elite Investments Ltd to Finsoft (8018)
| Finsoft announcement
Company announcement, 5-Dec-2016
The target owns 21/F of Kings Wing Plaza, 3 On Kwan St, Shatin. The other 60% is held by HK Education (1082), which sold 40% to AMCO United in Jan-2016. HK Education owns 26.66% of IECCT (8081) which owns 15.83% of Finsoft.
Company announcement, 5-Dec-2016
The target owns 21/F of Kings Wing Plaza, 3 On Kwan St, Shatin. The other 60% is held by HK Education (1082), which sold 40% to AMCO United in Jan-2016. HK Education owns 26.66% of IECCT (8081) which owns 15.83% of Finsoft.
HK Education (1082): breach of Listing Rules
| Circular
Company announcement, 12-May-2016
The company declared itself to have a "principal business" of securities investment, but the Stock Exchange ruled that the subscription of shares in Convoy (1019) and IE China (8081) were notifiable "transactions" under Chapter 14 of the Listing Rules. Notably, the company says that any future purchase or disposal of securities should be a "transaction" under Chapter 14. Comment: the Exchange has been inconsistent in applying Chapter 14 to other companies involved in similar shenanigans.
Company announcement, 12-May-2016
The company declared itself to have a "principal business" of securities investment, but the Stock Exchange ruled that the subscription of shares in Convoy (1019) and IE China (8081) were notifiable "transactions" under Chapter 14 of the Listing Rules. Notably, the company says that any future purchase or disposal of securities should be a "transaction" under Chapter 14. Comment: the Exchange has been inconsistent in applying Chapter 14 to other companies involved in similar shenanigans.
AMCO United (0630) buys 40% of Ultimate Elite Investments Ltd from HK Education (1082)
| HK Education announcement
Company announcement, 15-Jan-2016
Company announcement, 15-Jan-2016
HK Education (1082) sells Achieved Success Co Ltd for HK$35.4m
Company announcement, 22-Jan-2014
HK Education fails to name the buyer (a BVI company) or say who owns it. We can tell you the buyer is Laurel Stars Ltd, wholly-owned by Ngai Shun (1246).
Company announcement, 22-Jan-2014
HK Education fails to name the buyer (a BVI company) or say who owns it. We can tell you the buyer is Laurel Stars Ltd, wholly-owned by Ngai Shun (1246).
Ngai Shun (1246) buys Achieved Success Co Ltd for HK$35.4m
Company announcement, 22-Jan-2014
Ngai Shun fails to say who owns the vendor. We can tell you it is HK Education (1082).
Company announcement, 22-Jan-2014
Ngai Shun fails to say who owns the vendor. We can tell you it is HK Education (1082).
Modern Education (1082) buys Achieved Success Co Ltd from Town Health (3886) for HK$35m
| Town Health announcement.
Company announcement, 14-May-2013
Company announcement, 14-May-2013
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