You can read my two other pieces about Vong Pech here and here. Back in September last year, an announcement was made by two companies to the Hong Kong Stock Exchange about purchasing a stake in a Cambodian development project. For the sake of convenience, I’m just going to refer to one of the companies involved – Hao Tian International Construction Investment Ltd (1341.HK) – as it’s complex enough as it is without going into that detail just yet. The deal was this: HTICI was to buy a company called Alcott Global Ltd, a BVI investment vehicle which in turn owned 22% of a Cambodian company called CESIZ (Cambodia) Co Ltd. HTICI confirmed that CESIZ had been granted by the Government of Cambodia the right to establish a Special Economic Zone (SEZ) in Koh Kong Province, Cambodia.
https://almajir.net/2021/03/08/who-is-vong-pech-pt-3/
Who is Vong Pech Pt 3
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You must have worked very long and very hard on getting that info, so well done for that Dan. One part I did not understand though is if Von Pech owns 40% of blues then does he not have to offer to buy the remaining shares???? Just as an add on I love the name Von Pech it sounds like a Bond villain lol brilliant.
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Hi Bertie
You're right that there is a rule in place that someone has to make a mandatory general offer if they own more than 30% of the Hong Kong listed company.
Vong Pech doesn't own more than 30% of BSH though, he owns 23.53% via Graticity Real Estate Development.
Vong Pech also owns 21.64% of Birmingham City plc directly via Oriental Rainbow Investments, so the 30% rule doesn't come into consideration.
Full breakdown of ownership here
https://almajir.net/useful-information/ ... ownership/
You're right that there is a rule in place that someone has to make a mandatory general offer if they own more than 30% of the Hong Kong listed company.
Vong Pech doesn't own more than 30% of BSH though, he owns 23.53% via Graticity Real Estate Development.
Vong Pech also owns 21.64% of Birmingham City plc directly via Oriental Rainbow Investments, so the 30% rule doesn't come into consideration.
Full breakdown of ownership here
https://almajir.net/useful-information/ ... ownership/
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Hi, Dan thanks for the explanation. So do you still think Von Peck is still Kings puppet or has your new finding softened that view?
- Barton1875
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The ownership web is probably the biggest Gordian knot since Gordius learnt to tie his shoe laces.
- Kristoff
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He's that much of a dodgy triangle, he's a pentagon.
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