Dai, Yongge 戴永革
Tai United (0718): remember that Jinzhou shopping mall we bought from Dai Yongge?
Company announcement, 13-Feb-2023
Well it turns out that it came with a hidden CNY1.7bn bank guarantee in favour of a third party, and now the loan is in default and we're being sued for it. Mr Dai is is the controlling shareholder and former Chairman & CEO of China Dili (1387)
Company announcement, 13-Feb-2023
Well it turns out that it came with a hidden CNY1.7bn bank guarantee in favour of a third party, and now the loan is in default and we're being sued for it. Mr Dai is is the controlling shareholder and former Chairman & CEO of China Dili (1387)
600m shares (6.74%) of China Dili (1387) pledged to China Shandong Hi-Speed (0412)
| Release
Disclosure of interest, 7-May-2021
The mortgagor, New Amuse Ltd, is ultimately owned by Zhang Xingmei, wife of Dai Yongge. Together they control China Dili. The shares are security for a "certain facility agreement". Update: the pledge was released on 9-Jun-2021.
Disclosure of interest, 7-May-2021
The mortgagor, New Amuse Ltd, is ultimately owned by Zhang Xingmei, wife of Dai Yongge. Together they control China Dili. The shares are security for a "certain facility agreement". Update: the pledge was released on 9-Jun-2021.
Tai United (0718) buys underground shopping malls business from Dai Yongge for CNY1.991bn
Company announcement, 24-Dec-2020
A bit of last-minute Christmas shopping. Mr Dai is is the controlling shareholder and former Chairman & CEO of China Dili (1387). The deal involves 2 malls. In 2016, he acquired a larger collection of these malls, which operate in air-raid shelters without property title, from China Dili. This deal comes after Tai United was warned by the Stock Exchange that it has insufficient operations under Listing Rule 13.24. Problem solved!
Company announcement, 24-Dec-2020
A bit of last-minute Christmas shopping. Mr Dai is is the controlling shareholder and former Chairman & CEO of China Dili (1387). The deal involves 2 malls. In 2016, he acquired a larger collection of these malls, which operate in air-raid shelters without property title, from China Dili. This deal comes after Tai United was warned by the Stock Exchange that it has insufficient operations under Listing Rule 13.24. Problem solved!
China Strategic (0235) grants HK$300m 3-month loan facility to Mr Dai Yongge
| Supplement
Company announcement, 19-Aug-2020
He is the controlling shareholder and former Chairman & CEO of China Dili (1387). The loan is secured by a second mortgage on his Jardine's Lookout house with garden and 10.32% of China Dili.
Company announcement, 19-Aug-2020
He is the controlling shareholder and former Chairman & CEO of China Dili (1387). The loan is secured by a second mortgage on his Jardine's Lookout house with garden and 10.32% of China Dili.
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)
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