BFC Investment Company Ltd Shares

Discussion in 'Bulletin Board' started by Exile, May 12, 2022.

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  1. Exi

    Exile Well-Known Member

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    Been looking at this for a while and thanks to help from a couple of French sources we've been able to get hold of this:-

    FSlBEK-XwAIWkyc.jpg
     
    Exile, May 12, 2022
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  2. Exi

    Exile Well-Known Member

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    This means that the shareholdings are:-

    PMG (Various Investors) 27.5%
    Chien Lee 29.8%
    Neerav Parekh (Abhajay Trade and Commerce) 22.8%
    Crynes (Oakwell Holdings) 20%

    NP bought Billy Beane's shares in November 2020.

    Obviously we now know that PMG is a collection of investors of as yet still unknown levels of holdings but now represented by Quay instead of Conway/Hung.

    Also don't know if the shareholdings have or will change as a result of resolving the matters around the court case (which presumably will now be able to happen).
     
    Exile, May 12, 2022
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  3. Gegenpresser

    Gegenpresser Well-Known Member

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    Is that up to date?
     
    Gegenpresser, May 12, 2022
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  4. Red

    Red Rain Well-Known Member

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    Is it up to date. I will tell you why I ask. I wondered if the Cryne v PMG court case had been resolved through the transfer of shares
     
    Red Rain, May 12, 2022
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  5. Dep

    Deputy Dawg Well-Known Member

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    So Chien lee or whoever is behind those people bought some of Parekh shares in 2021 ?
    any idea why and why that number of shares
    what's behind that move
    seems a smallish number to transfer
    to make sure they had a majority etc ?
     
    Deputy Dawg, May 12, 2022
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  6. exiled

    exiled Well-Known Member

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    Doesn't that mean Lee, Hung, Conway are still majority shareholders?
     
    exiled, May 12, 2022
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  7. Exi

    Exile Well-Known Member

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    It's up to date unless anything has changed today - but my main take from today, rightly or wrongly, is that the PMG shares are no longer represented by Conway/Hung but by Quay who is now voting with Parekh and Cryne to form a majority against Lee.
     
    Exile, May 12, 2022
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  8. Exi

    Exile Well-Known Member

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    That's why I said - "Also don't know if the shareholdings have or will change as a result of resolving the matters around the court case (which presumably will now be able to happen)" - but my take from today is that it is more a change in the alignment of the PMG shares.
     
    Exile, May 12, 2022
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  9. Gegenpresser

    Gegenpresser Well-Known Member

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    So that means that all this excitement arises by virtue of a change in "various investors"? Or a twitch in voting preferences?

    Blimey - for a set of rabid socialists on here, it seems a bit odd for them to start feeling aroused about an obscure shareholding alteration.

    The proof of the pudding etc.... did I say anything about us needing a decent striker?
     
    Gegenpresser, May 12, 2022
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  10. icer

    icer Well-Known Member

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    its what i had assumed. She must have acquired part of their holding.

    we had heard that Cryne and Parekh were looking for investors to regain control a while ago. Maybe Mrs Quay is that investor.
     
    icer, May 12, 2022
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  11. Exi

    Exile Well-Known Member

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    Sorry, mate, no idea on the Parekh to Chien transaction. It's one of the reasons why I've not gone with it before today as some of what we've been looking at hadn't concluded. The only thing I can think of was that it was in order to make Chien the largest single shareholder, above the PMG Group but that's just me speculating.
     
    Exile, May 12, 2022
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  12. Red

    Red Rain Well-Known Member

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    Cheers for that.
     
    Red Rain, May 12, 2022
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  13. Dep

    Deputy Dawg Well-Known Member

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    Neerav Apurva Parekh

    director with BESTGIRAFFE ADVERTISING PRIVATE LIMITED, is registered with the Ministry of Corporate Affairs (MCA), bearing DIN 00460499. He is an Indian staying in Mumbai, Maharashtra, India.
    Neerav Apurva Parekh is currently associated with 3 Companies and is director with Neemai Trading Private Limited, Essen Holding And Investments Limited, Bestgiraffe Advertising Private Limited.
    The total paid-up capital of all companies where Neerav Apurva Parekh holds active positions is ₹600,000.00.

    Neerav Apurva Parekh was previously associated with 2 companies, Abhajay Trade And Commerce Pvt Ltd, Essen Finance And Investments Limited.

    https://www.thecompanycheck.com/company/neemai-trading-private-limited/U51909GJ1990PTC013519

    https://economictimes.indiatimes.co...rtising-private-limited/U74300MH2007PTC175889

    https://economictimes.indiatimes.co...and-investments-limited/U65910GJ1986PLC009235

    all 3 companies are strike/ing off ?
     
    Last edited: May 12, 2022
    Deputy Dawg, May 12, 2022
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  14. Exi

    Exile Well-Known Member

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    No, as the PMG shares were mostly/wholly not owned by Conway and Hung, they were just the representatives of the various investors that make up the PMG shareholding but as of today are no longer the reps. For the Conway/Hung label above now read Quay, except for any minor shareholding that they personally owned.
     
    Exile, May 12, 2022
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  15. She

    Sheriff Well-Known Member

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    The only unknown element is exactly how many of PMG's shares have switched sides to vote with Parekh and Cryne, as Conway potentially owned some of these directly. As nominee, Conway controlled the voting of that entire block, giving him and Lee a majority vote between them. That's now been removed as Quay now controls the voting of enough of those to deny them that majority.

    Great bit of research to find this information.

    Part of the statement said that the shareholders had taken steps to directly register their interests, so the equivalent document in a few weeks time may show who these investors are.
     
    Sheriff, May 12, 2022
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  16. Gally

    Gally Administrator Staff Member Admin

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    Don't think it's up to date or the paperwork is catching up but I'd expect to see the majority of the PMG holding be reallocated. This isn't related to the court case is my understanding. It will be interesting to see how they deal with that.
     
    Gally, May 12, 2022
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  17. Jay

    Jay Well-Known Member

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    The investors in PMG decided they no longer wanted Hung/Conway to represent them and instead chose Quay. Is there any chance they also gave Conway a good kicking, or is that usually frowned upon during these negotiations?
     
    Jay, May 12, 2022
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  18. Exi

    Exile Well-Known Member

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    Think it's a bit more than that in that the investors behind the PMG shareholding clearly realised that Conway was making a monumental mess of their investment and have effectively 'sacked' him from representing them. They may even realise that having a decent striker is intrinsic to the success of their investment going forward too (fingers crossed)!
     
    Exile, May 12, 2022
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  19. Exi

    Exile Well-Known Member

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    Which is what I said. It is up to date in terms of what was in the Hong Kong system until recently. Of course there's a re-alignment of the PMG holding, that's self-evident after today.
     
    Exile, May 12, 2022
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  20. Exi

    Exile Well-Known Member

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    We live in hope (and that it's been filmed and gets posted on YouTube or summat).
     
    Exile, May 12, 2022
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