Dynamic Holdings 29 HK

[opmi]

29 HK's 49% owned land is right next to The Peninsula at SZ

http://en.nanhaicorp.com/indust01.html

http://www.scmp.com/business/article/193...ome-market

VOLUNTARY ANNOUNCEMENT APPLICATION TO THE PRC COURT FOR COMPULSORY LIQUIDATION OF ZHEN WAH

http://www.hkexnews.hk/listedco/listcone...251169.pdf

[soros]

opmi,

29Hk's shareprice went up 25 cents today.

I think some VB fans must be following your postings

[opmi]

opmi,

29Hk's  shareprice went up 25 cents today.  

I think some VB fans must be following your postings

There are some xueqiu.com forummers following this counter. 
At the AGM, there were a group of HKers been holding this stocks for quite long.

Everyone was hoping the this JV to 'die'/liquidate. Which is a better scenario than redeveloping the land on their own.

[opmi]

Share price and vol moved up before this annc...

http://www.hkexnews.hk/listedco/listcone...711604.pdf

VOLUNTARY ANNOUNCEMENT
COMPULSORY LIQUIDATION OF ZHEN WAH

The PRC Court has accepted the application for the compulsory liquidation of Zhen Wah
and has appointed 北京市中倫（深圳）律師事務所 (Zhong Lun Law Firm Shenzhen
Office*) as the liquidation committee of Zhen Wah.

Further to the announcement dated 25 April 2016, the Company would like to update
shareholders and investors concerning the compulsory liquidation of Zhen Wah as follows:

1. the PRC Court has accepted the application for compulsory liquidation of Zhen Wah;
and

2. 北京市中倫（深圳）律師事務所 (Zhong Lun Law Firm Shenzhen Office*) has been
appointed by the PRC Court as the liquidation committee of Zhen Wah.

While the above represents a step forward in the compulsory liquidation of Zhen Wah, on
account of the complexity of the matter, shareholders and investors are reminded that there
is no assurance that the liquidation will not be subject to significant delay, opposition and
obstructions.

The Company will continue to monitor the position carefully and make such further
announcements and disclosures as appropriate.

[soros]

Some day trader has noticed and pushed the 29.HK share price up 25% today to close at $4.12 ?

[opmi]

Cannot be day trader. Can get in, maybe cannot get out when liquidity reverts to normal.

Another tell tale bullish sign before the annc is directors/mgt exercising their stock options.

[weijian]

opening a new thread for Dynamic Holdings 29 HK, and moving the relevant company specific posts from another generic thread.

[opmi]

https://xueqiu.com/S/00029

some guy also went to the SZ land to take some photos.

To add, 29 HK was a big beneficiary of the TJ warehouse explosion. After that,
SZ Govt quickly shut down the nearby oil depot. This depot was a hindrance to the redevt because of
safety zone eating into the SZ land.

[soros]

Is this site near to Marriot hotel in Qinghai ,Shekou ?

[opmi]

Is this site near to Marriot hotel in Qinghai ,Shekou ?

Don't know. Dont think so. Near the defunct oil depots.  It is near the SZ Wan bridge to HK.

https://goo.gl/maps/n7gpPY3qd8L2