Suen, Paul Cho Hung 孫粗洪
Blue River (0498) grants HK$150m loan facility to Green River Associates Ltd
Company announcement, 7-Dec-2022
Can a Cyan River be far away? The announcement reveals that CST (0985) now owns 17.35% of Green River. It was formerly 100% owned by Planetree (0613) which in 2020 sold 60% (now 49.59%) to Alice Yu Man Fung. At the time, Planetree stated that Ms Yu and Karen Lo Ki Yan, controlling shareholder of Planetree, "have known each other for many years". The announcement also reveals that GRA owns 32% of SHOG Creation Ltd, which owns 19.89% of Oshidori (0622). We can add that 55% of that entity is held by Paul Suen Cho Hung, although it was last known as "Seekers Creation Ltd".
Company announcement, 7-Dec-2022
Can a Cyan River be far away? The announcement reveals that CST (0985) now owns 17.35% of Green River. It was formerly 100% owned by Planetree (0613) which in 2020 sold 60% (now 49.59%) to Alice Yu Man Fung. At the time, Planetree stated that Ms Yu and Karen Lo Ki Yan, controlling shareholder of Planetree, "have known each other for many years". The announcement also reveals that GRA owns 32% of SHOG Creation Ltd, which owns 19.89% of Oshidori (0622). We can add that 55% of that entity is held by Paul Suen Cho Hung, although it was last known as "Seekers Creation Ltd".
Hao Tian (1341) buys 49% of investor in fund investing in pre-IPO from Mr Su Junhao
| Supplement
Company announcement, 26-Apr-2021
The consideration for 49% of Kingdom Future Ltd is HK$286.24m payable in new shares of Hao Tian at $0.33 per share, giving Mr Su 11.52% of the enlarged Hao Tian. Kingdom Future is investing US$75m in Tise Opportunities Fund SPC, which is investing in New Gains Group Ltd, until now a 100% subsidiary of China Evergrande (3333). Also investing in the fund is CST (0985). For more, see our coverage of Evergrande.
Company announcement, 26-Apr-2021
The consideration for 49% of Kingdom Future Ltd is HK$286.24m payable in new shares of Hao Tian at $0.33 per share, giving Mr Su 11.52% of the enlarged Hao Tian. Kingdom Future is investing US$75m in Tise Opportunities Fund SPC, which is investing in New Gains Group Ltd, until now a 100% subsidiary of China Evergrande (3333). Also investing in the fund is CST (0985). For more, see our coverage of Evergrande.
CST (0985) subscribes US$13m of fund to invest in pre-IPO
| Supplement
Company announcement, 29-Mar-2021
A supplement 45 days later reveals that the Investment Manager, Great Bay Securities Ltd, is 67% owned by Paul Suen Cho Hung and 33% by Mr Liu Zhiyi. Our database records a person of that name is former Chairman and CEO of EPI (0689). There are also "management shares" held by Tise Capital Management Ltd, which is owned by Bryant Zhang Yu Tao. The fund is US$150m and has invested in 0.714% of New Gains Group Ltd, at a pre-IPO valuation of HKS$163.5bn (US$21bn). Prior to the deal, New Gains was 100% owned by China Evergrande (3333). For more, see our coverage of Evergrande..
Company announcement, 29-Mar-2021
A supplement 45 days later reveals that the Investment Manager, Great Bay Securities Ltd, is 67% owned by Paul Suen Cho Hung and 33% by Mr Liu Zhiyi. Our database records a person of that name is former Chairman and CEO of EPI (0689). There are also "management shares" held by Tise Capital Management Ltd, which is owned by Bryant Zhang Yu Tao. The fund is US$150m and has invested in 0.714% of New Gains Group Ltd, at a pre-IPO valuation of HKS$163.5bn (US$21bn). Prior to the deal, New Gains was 100% owned by China Evergrande (3333). For more, see our coverage of Evergrande..
MMT sanctions CMBC Capital (1141) and 6 ex-directors for late disclosure in 2014
| MMT report, 19-Feb-2021
SFC, 16-Oct-2020
SFC, 16-Oct-2020
Imagi (0585) to buy Les Ambassadeurs Club from Paul Suen Cho Hung
| Termination
Company announcement, 24-Jul-2019
The GBP122m (HK$1206.1m) price on the London casino is significantly less than the HK$2.5bn purchase price from Landing (0582) in Sep-2017. Mr Suen's ownership application is still pending with the UK Gambling Commission. Interestingly today's PDF metadata reveals that the deal is code-named "Project Martini" - a hat-tip to James Bond. Update: the deal was terminated by the seller on 18-Mar-2020 and a GBP12.8m break fee was payable to Imagi.
Company announcement, 24-Jul-2019
The GBP122m (HK$1206.1m) price on the London casino is significantly less than the HK$2.5bn purchase price from Landing (0582) in Sep-2017. Mr Suen's ownership application is still pending with the UK Gambling Commission. Interestingly today's PDF metadata reveals that the deal is code-named "Project Martini" - a hat-tip to James Bond. Update: the deal was terminated by the seller on 18-Mar-2020 and a GBP12.8m break fee was payable to Imagi.
SFC takes CMBC Capital (1141) and 6 former directors to MMT
| The bubbles in CNN
SFC, 18-Dec-2018
This alleges late disclosure of market gains in its securities portfolio in 2014, including shares of Icube (0139), Heritage (0412) and Rising Development (1004), all of which have since been renamed. All 4 companies were then in what we call the "Chung Nam Network". On 8-Jan-2015, we warned the market about bubbles in 2 of them.
SFC, 18-Dec-2018
This alleges late disclosure of market gains in its securities portfolio in 2014, including shares of Icube (0139), Heritage (0412) and Rising Development (1004), all of which have since been renamed. All 4 companies were then in what we call the "Chung Nam Network". On 8-Jan-2015, we warned the market about bubbles in 2 of them.
Landing (0582) sells Les Ambassadeurs Club to Paul Suen Cho Hung for HK$2.5bn
Company announcement, 7-Sep-2017
Company announcement, 7-Sep-2017
Qualipak (1332) sells 7/F, China United Centre, to Mission Capital (1141)
| MC announcement
Company announcement, 16-Feb-2015
Another transaction in the "Chung Nam Network". Of the HK$90m price, $79.9m is satisfied with 850m new shares in Mission Capital, or 11.70% as enlarged. MC at last disclosure is 9.19% owned by HEC Capital, 9.25% owned by Freeman Corp (both being network hubs) and 29.68% by Paul Suen Cho Hung. The transfer of the BVI property owner avoids $7.65m of double stamp duty.
Company announcement, 16-Feb-2015
Another transaction in the "Chung Nam Network". Of the HK$90m price, $79.9m is satisfied with 850m new shares in Mission Capital, or 11.70% as enlarged. MC at last disclosure is 9.19% owned by HEC Capital, 9.25% owned by Freeman Corp (both being network hubs) and 29.68% by Paul Suen Cho Hung. The transfer of the BVI property owner avoids $7.65m of double stamp duty.
Enerchina (0622) invests HK$300m in 18.01% of Cordoba Homes Ltd
Company announcement, 25-Jan-2011
Before this, Cordoba is owned as follows: 40.71% owned by "a listed company". That is Willie (0273), 17.57% by Hennabun, into which Enerchina has already sunk HK$200m, and 32.94% and 8.78% owned by "two private companies". The last time we heard, those are Ristora Investments and Supreme Castle Investments, owned by Karen Lo Ki Yan and Paul Suen Cho Hung respectively. Enerchina is now firmly part of what we call the "Chung Nam Network".
Company announcement, 25-Jan-2011
Before this, Cordoba is owned as follows: 40.71% owned by "a listed company". That is Willie (0273), 17.57% by Hennabun, into which Enerchina has already sunk HK$200m, and 32.94% and 8.78% owned by "two private companies". The last time we heard, those are Ristora Investments and Supreme Castle Investments, owned by Karen Lo Ki Yan and Paul Suen Cho Hung respectively. Enerchina is now firmly part of what we call the "Chung Nam Network".
Willie (0273) sells convertible note in Cordoba Homes Ltd to Paul Suen Cho Hung (fka Sun Wang)
Company announcement, 16-Nov-2010
Company announcement, 16-Nov-2010
Sunlink (2336) in provisional liquidation v its controlling shareholder
HK Court of First Instance, 8-Nov-2010
The CFI prohibits the controlling shareholder from voting against the proposed capital injection into a subsidiary. The liquidator alleges serious breaches of fiduciary duty by the former Chairman, including cooking and losing the books (para 15).
HK Court of First Instance, 8-Nov-2010
The CFI prohibits the controlling shareholder from voting against the proposed capital injection into a subsidiary. The liquidator alleges serious breaches of fiduciary duty by the former Chairman, including cooking and losing the books (para 15).
China Strategic bubble
We warn investors of a bubble in the stock of China Strategic, the 80% owner of the proposed buyer of Taiwan's Nan Shan Life Insurance, partly financed by a massive note issue convertible into 78bn shares at $0.10 each. We publish the placing list and analyse the names in the deal. Finally, we warn investors to avoid 7 companies in the "Chung Nam network", which has lost HK$6.2bn in 5 years. (13-Nov-2009)
We warn investors of a bubble in the stock of China Strategic, the 80% owner of the proposed buyer of Taiwan's Nan Shan Life Insurance, partly financed by a massive note issue convertible into 78bn shares at $0.10 each. We publish the placing list and analyse the names in the deal. Finally, we warn investors to avoid 7 companies in the "Chung Nam network", which has lost HK$6.2bn in 5 years. (13-Nov-2009)
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy