Master Glory Group (0275.HK) (formerly: Hanny Holdings)

[opmi]

It is this Ong Bee Lian coz the husband is also co-owner of 5% Hanny..

http://www.iras.gov.sg/irasHome/news.aspx?id=7024

[soros]

In June, last year, this company had a 1 for 2 consolidation , followed by a 6 shares for 1 consolidated rights at 16 cents underwritten by Chairman ( main shareholder but not controlling shareholder ) and Emperor Securities .

Now the shares have fallen to 3.5cts due to having another exercise 1 for 10 consolidation and rights issue 8 shares for every 1 consolidated at 25 cents . I think all the small public shareholders will be too scared to subscribe in case another big squeeze coming. I wonder if Ong Bee Lan is still holding the shares ?

[opmi]

In June, last year,  this company had a 1 for 2 consolidation , followed by a 6 shares for 1 consolidated rights at 16 cents underwritten by Chairman ( main shareholder but not controlling shareholder ) and Emperor Securities .

Now the shares have fallen to 3.5cts due to having another exercise  1 for 10 consolidation and rights issue 8 shares  for every 1 consolidated at 25 cents .  I think all the small public shareholders will be too scared to subscribe in case another big squeeze coming. I wonder  if Ong Bee Lan is still holding the shares  ?

Avoid any Allan Yap stocks. Allan Yap also involved in some SGX stocks. e.g. PSC

[specuvestor]

Amazing why Hanny can keep doing the same old thing and approved by HKEX

https://www.macroaxis.com/invest/manager...-Allan_Yap

[opmi]

There are many companies like this in HK. Nothing new. A simple check with Webb-site.com would screen out these companies. Or Google 向下炒

In SG, there are similar ones eg Federal Intl. Whole day rights issues.

[soros]

Opmi - Thanks for the warning .

[soros]

The rights issue in July 2015 was underwritten by Emperor Capital Group and "aastocks" website shows Albert Yeung Sau Shing becomes the controlling shareholder with 63% interest. ( 3551 Mil shares at 16 cents= HKD $568 Mil invested ) . In Jan 2016, there seems to be a new shareholder "Get Nice" with 600 Mil shares coming in and "aastocks" website disclosure of interests at 25 Jan 2016 shows :

Total Issued shares 5618 Mil.
Albert Yeung shares 3124 Mil ( 55.6 %)
Alan Yapp shares 1511 Mil ( 26.9 %)
Get Nice shares 600 Mil (10.6 %)
Public ( 6.9 %)

The public float should be 25% but this situation does not comply ?

[soros]

Moderator :

How to update name change in "post title" from "Hanny Holdings ( 0275) " to "Master Glory Group ( 0275.HK) "  ???

[weijian]

i tried "edit" --> "full edit" and then made the changes accordingly.

[cyclone]

Go to the first post and then

i tried "edit" --> "full edit" and then made the changes accordingly.