How to strip a company in HK

Let's say you have a company listed on the HKEX and you have voting control and there are numerous family controlled companies on the HKEX.

The 3 simple steps to legally raping the public shareholders:

1. Form a BVI company owned by the chairman

2. Issue warrants/convertible bonds to said BVI company at a STEEP discount, vote in favor of this.

3. PROFIT!!!!

Of course there is no requirement to disclose who really owns the BVI company.

What will the HKEX do? (Sweet FA)

More about how Tack Hsin (0611) company is doing it.