Leading with his Chim

Article Abstract:

Wai Yick minority stockholder Chim Pui Chung countered controlling stockholder Tan Pee Cee's offer for a HK$200 million dilutive rights issue at HK$1.75 each. Chim counterbid at HK$4, provided stockholders vote against the issue of dilutive rights. Tan gained control of Wai Yick in 1991, when Chim sold 27.4% of shares. Within a year, corporate stock prices dropped from HK$5.50 to HK$2. Although Chim was successful in holding off Tan's plans, the question of Wai Yick's corporate independence will remain until an investigation is mounted.

Investments, Column, Securities, Chim Pui Chung, Wai Yick

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Girded for expansion: Hongkong builder seeks new horizons

Article Abstract:

International Tak Cheung Holdings (ITC) is leading the construction industry in international diversification, technical expertise and regional viability. In 1991, ITC effectively expanded its technical knowledge base with the purchase of Paul Y Construction Company Ltd. The acquisition extended ITC's contracts over major Asian countries, including China, Singapore and Taiwan. ITC, a Hong Kong-based company, has also received approval to tender projects for Taiwan's Department of Rapid Transit System.

Management services, Management, Construction industry, Hong Kong, International Tak Cheung Holdings

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