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"
Posted by freddyvatoo at gmail.com at 7:19 PM
Labels: China, First Natural

No comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments (Atom)

About Me

freddyvatoo at gmail.com
View my complete profile

Popular Posts

  • Chaoda (0682): forked tongues and deceit
  • Ocean Grand, Michael Yip Kim Po convicted
  • Willie wiley robbers in the wild
  • Jack Flader
  • Jack Flader
  • F'king coffe for you?
  • Standard Chartered Bank
  • Where the Fook Woo's management
  • Chaoda reaping the suckers
  • KPMG auditors chowing down with Hontex

Blog Archive

  • ▼  2012 (19)
    • ►  June (3)
    • ►  May (1)
    • ►  April (5)
    • ▼  March (4)
      • Red storm gathering
      • First Natural: Special Deal for a thief
      • K&L Gates Partner steals $4m
      • Standard Chartered Bank
    • ►  February (1)
    • ►  January (5)
  • ►  2011 (42)
    • ►  December (2)
    • ►  November (6)
    • ►  October (3)
    • ►  September (5)
    • ►  August (1)
    • ►  July (2)
    • ►  June (7)
    • ►  May (6)
    • ►  April (5)
    • ►  March (4)
    • ►  February (1)
  • ►  2010 (69)
    • ►  December (2)
    • ►  November (5)
    • ►  September (3)
    • ►  August (10)
    • ►  June (2)
    • ►  May (12)
    • ►  April (10)
    • ►  March (10)
    • ►  February (6)
    • ►  January (9)
  • ►  2009 (95)
    • ►  December (1)
    • ►  November (13)
    • ►  October (11)
    • ►  September (15)
    • ►  August (2)
    • ►  June (1)
    • ►  May (1)
    • ►  April (7)
    • ►  March (19)
    • ►  February (17)
    • ►  January (8)
Watermark theme. Powered by Blogger.