Lo, Andrew Kai Bong 盧啟邦
SFC suspends dealings in the shares of LET Group (1383) and subsidiary Summit Ascent (0102)
SFC, 14-Feb-2024
Summit Ascent has sold its Russian casino for US$116m without obtaining shareholders' approval and maybe leaving it unsuitable for listing. All the directors except controlling shareholder Andrew Lo Kai Bong quit in protest. In our view, the SFC should now petition the court to order distribution of the sale proceeds and winding up of both companies, otherwise public shareholders are left stranded. This group was previously run by Macau kingpin Alvin Chau Cheok Wa, who was jailed there for 18 years in Jan-2023.
SFC, 14-Feb-2024
Summit Ascent has sold its Russian casino for US$116m without obtaining shareholders' approval and maybe leaving it unsuitable for listing. All the directors except controlling shareholder Andrew Lo Kai Bong quit in protest. In our view, the SFC should now petition the court to order distribution of the sale proceeds and winding up of both companies, otherwise public shareholders are left stranded. This group was previously run by Macau kingpin Alvin Chau Cheok Wa, who was jailed there for 18 years in Jan-2023.
HK police seek mastermind behind attack on top executive of Macau casino junket operator
South China Morning Post, 16-May-2017
South China Morning Post, 16-May-2017
Sun International (8029) carves up a horse
Company announcement, 14-Nov-2013
Perhaps they will name it "Tesco".
Company announcement, 14-Nov-2013
Perhaps they will name it "Tesco".
Tai-I (1808) buys Liang Hui Holdings Ltd from Mr Lo Kai Bong for HK$96m
Company announcement, 7-Jun-2010
Company announcement, 7-Jun-2010
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