The would-be buyer in 2015 of the controlling stake in Crocodile Garments (0122) is awarded a refund of his HK$30m deposit. The judgment reveals some of the background to the talks.
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Ocean Grand's Shipwreck
Webb-site.com, 31-Jul-2006
By popular request, we give our comments on the Ocean Grand debacle. The warning signs of bad governance or worse were there for years, but few picked up on them. We conduct a detailed autopsy, and find plenty of material for regulators and police investigators to get their teeth into. We also look at the characters involved with the companies and what this says about the state of battle for shareholder rights in HK.
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401 Holdings (0401): David Leung Tze Hang resigns as MD for "personal reasons"
Company announcement, 29-Jul-2004
Note: he was declared bankrupt by a HK court on 27-July-2004. The next day, an Executive Director, Eugene Ha Kee Choy, and all 3 INEDs, David Wan Ngar Yin, Dominic Yeung Kong and Shiu Shu Ming, also resigned.