Interesting, from publicaly available information:
As per the companys previous annoucement GuoYi Holdings (BVI) Limited is a wholly owned subsidiary of Guo Yi Holdings (HK) Limited. The HK entitiy was founded 24 Feb 2016, $100HKD capital and only two directors.
Chan, Siu Yeung
Lin, Tong
Chan, Siu Yeung is also a director of AM Capital (now called AMC Wanhai)
Lin, Tong is also a director of AM Capital
AM Capital has a long history of wokring with CuDeco as we know, including an obligation to underwrite the last rights issue.
So now we've got AM Capital dirctors controlling at least another two invested entities and those entities having no other third-party directors bar AM directors.
I take it all of these entities will be banned from voting on these resolutions and that cuDeco will actively enforce these bans? Furthermore, Did someone say 5% rule?
Must be awefully cozy on the AM couch.
CDU Price at posting:
22.0¢ Sentiment: None Disclosure: Not Held