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Freada Cheung Kwan, ex-Chairman of Burwill (0024) and China Cloud Copper (0033) declared bankrupt | Disclosure of interest
HK Court of First Instance, 3-Jun-2020
It appears from the judgment that Ms Cheung, via 2 BVI companies nominally held by others but for which she was guarantor, borrowed from a subsidiary of China Minsheng Investment Group, then each company bought 4.99% of Burwill, cementing her control with an additional 9.98% without disclosure. She denies ownership but the judge writes "the debtor's assertions are incredulous". We note that as of 15-Jan-2016 she held 19.43% of Burwill.
Organisations
- BURWILL HOLDINGS LIMITED 寶威控股有限公司
- China Minsheng Banking Corp., Ltd. 中國民生銀行股份有限公司
- China Minsheng Investment Group Corp., Ltd. 中國民生投資股份有限公司
- China-Asia Resources Fund
- CM International Capital Limited (KY)
- David Lo & Partners 羅國貴律師事務所
- Insight Go Limited
- International Genius Company
- Kazakhstan Potash Corporation Limited
- Vision Capital (Asia) Limited
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