Lin, Songgen 林松根
Man charged with HK$125m money laundering involving loans from Sunway (0058)
ICAC, 11-May-2022
We note that the defendant, Lam Chung Kan (aka Lin Songgen), was also the purported owner of the subscriber in a 20% general mandate issue in March 2019. 4 weeks later, he flipped most of those shares to Oscar Chim Sai Yau. In today's charges, Mr Lam was the "personal assistant of a businessman" who is not named, and the alleged 5 bad loans from Sunway to the businessman occurred between 2015 and 2017. We have no idea who the businessman is.
ICAC, 11-May-2022
We note that the defendant, Lam Chung Kan (aka Lin Songgen), was also the purported owner of the subscriber in a 20% general mandate issue in March 2019. 4 weeks later, he flipped most of those shares to Oscar Chim Sai Yau. In today's charges, Mr Lam was the "personal assistant of a businessman" who is not named, and the alleged 5 bad loans from Sunway to the businessman occurred between 2015 and 2017. We have no idea who the businessman is.
Sunway (0058) issues 124.8m (20%) new shares to single subscriber at $0.136/share
| Disclosure of interest
Company announcement, 13-Mar-2019
The BVI subscriber is owned by "Mr. Lam Chung Kan". The subsequent disclosure of interest uses an alternate name of "Lin Songgen". The subscription completed on 27-Mar-2019. He wasn't a long-term shareholder: on 25-Apr-2019 he sold 137.24m shares to Oscar Chim Sai Yau, cutting his holding to just 8m shares, at $0.17.
Company announcement, 13-Mar-2019
The BVI subscriber is owned by "Mr. Lam Chung Kan". The subsequent disclosure of interest uses an alternate name of "Lin Songgen". The subscription completed on 27-Mar-2019. He wasn't a long-term shareholder: on 25-Apr-2019 he sold 137.24m shares to Oscar Chim Sai Yau, cutting his holding to just 8m shares, at $0.17.
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