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Jack Kreuz
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Respect for the rights of others means peace.
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  • Bosideng and its Small Lie 4 comments
    Jun 10, 2011 5:28 PM
    Bosideng (3998), in its filings to the Hong Kong Exchange, has reported that Harvest Fancy Limited (盛怡有限公司), from whom they bought the Menswear Company (江蘇康博製衣有限公司), is an Independent Third Party to the best of the Directors’ knowledge, information and belief having made all reasonable enquiry. The shareholders of Harvest Fancy are Kin Wa Tso and Yin Kwan Kwok both living in Flat C, 62/F, Block 5, Sorrento, 1 Austin Road West, Kowloon. So far, it looks as if Harvest Fancy is an independent third party. However, it turns out that Tso is handicapped and, for a living, he loans his name as figurehead to several companies. In fact, Dekang Gao, Bosideng's Chairman, used Tso's name before when he registered PRC-incorporated Bosideng Corporation (波司登股份有限公司) in Hong Kong in 2003! Therefore, to the Chairman's knowledge, Harvest Fancy was never an independent third party, so the purchase agreement entered into was not based on negotiations at arm's length, as repeatedly stated in the filings.
    Themes: china, stocks, hong kong, 3998, bosideng
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  •  
    "However, it turns out that Tso is handicapped and, for a living, he loans his name as figurehead to several companies. In fact, Dekang Gao, Bosideng's Chairman, used Tso's name before when he registered PRC-incorporated Bosideng Corporation (波司登股份有限公司) in Hong Kong in 2003!"

    You didn't feel the need to support these claims with any actual evidence?!
    7 Aug 2011, 05:58 PM Reply Like
  •  
    Hi. If you wish, you can find it by visiting the flat on that address and by searching the returns to the Companies Registry in Hong Kong.
    11 Aug 2011, 11:40 AM Reply Like
  •  
    Or, if you wish, you could visit the flat on that address or you could search the returns to the Companies Registry in Hong Kong. Then you could take pictures, scan some documents, etc, and post them online. See, that's the beauty of the internet: it's a very convenient way to share information. That way everyone doesn't actually have to fly to China to see what you're talking about.
    11 Aug 2011, 09:36 PM Reply Like
  •  
    The Companies Registry has a website where you can do an electronic search for the returns.
    12 Aug 2011, 10:39 AM Reply Like
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