Stirfry flies
accidit in puncto quod non speratur in anno
Monday, March 26, 2012
First Natural: Special Deal for a thief
Can someone who has stolen from and destroyed a company still be a creditor? The thief is still sitting on the stolen subsidiaries in the mainland while the SFC .....twiddles their thumbs.
"Based on books and records available to the Directors and the Provisional Liquidators, Mr. Yeung is a
potential creditor under the Scheme. As at the date of this announcement, Mr. Yeung has not filed any
claim to the Provisional Liquidators. As under the Scheme, subject to adjudication and adjustment, it
is estimated that approximately 2,500,000 Creditors Shares with the amount of approximately HK$9.7
million as the Cash Settlement together with apportioned part of the realisation of the assets of the
Excluded Companies, if any, will be issued and paid by the Company to Mr. Yeung, who is interested
in approximately 35.13% of the issued share capital of the Company before the Capital Restructuring,
to settle the indebtedness of approximately HK$68 million owed to him. The settlement with Mr.
Yeung under the Scheme will constitute a special deal under Note 5 to Rule 25 of the Takeovers Code"
No comments:
Post a Comment
Newer Post
Older Post
Home
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment