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China Investment Fund International Holdings Ltd (0612.HK)

0612.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

China Investment Fund International proposes to raise not less than hk$62.0 mln and not more than hk$66.0 mln
Wednesday, 26 Apr 2017 06:03pm EDT 

April 27 (Reuters) - China Investment Fund International Holdings Ltd <0612.HK>:Proposes to raise not less than about hk$62.0 million and not more than about hk$66.0 million before expenses.Proposes to raise by issuing not less than 110.7 million offer shares and not more than 117.8 million offer shares.Offer shares at subscription price of hk$0.56 per offer share.  Full Article

China Investment Fund International says Wang Mengtao appointed as vice-president
Monday, 31 Oct 2016 06:05pm EDT 

China Investment Fund International Holdings Ltd <0612.HK> :Wang Mengtao has been appointed as a vice-president of group.  Full Article

China Investment Fund updates on discharge of Ex-Parte injunction against the company<0612.HK>
Tuesday, 19 Jul 2016 10:43am EDT 

China Investment Fund Co Ltd <0612.HK>: In his decision, judge also stated that he was not satisfied that guang sheng had sufficiently good prospects in guang sheng action . Refers to the announcement dated 13 July 2016 in respect of the adjourned egm . On 19 July, high court judge discharged ex-parte injunction forthwith, with costs to be paid by guang sheng on indemnity basis .  Full Article

China Investment Fund says hearing of summons to take place on 17 June<0612.HK>
Monday, 13 Jun 2016 07:58pm EDT 

China Investment Fund Co Ltd <0612.HK>: Hearing of the summons dated 10 June 2016 is scheduled to take place on 17 June 2016 . About Yao Aigong, company notes that he served a prison sentence in around 2006 in Guangzhou for dealings in internet gambling . Solicitors for plaintiff in mentioned high court action indicated its willingness to withdraw the high court action . Company further notes that Yao has neither informed the company of his alias or that he has been imprisoned . Solicitors for the plaintiff offered to pay the wasted costs in respect thereof to the company and the other defendants . Yao Aiyun, and a son of Yao Zhixiang were involved in physically handling the original RMB30 million bill . Reiterate that the group has not made any investment into any member of the yitong group .  Full Article

China Investment Fund updates on legal proceedings, Allegation against Non-Executive Director<0612.HK>
Monday, 6 Jun 2016 09:45am EDT 

China Investment Fund Co Ltd <0612.HK>: 1) claim against the company and its officers; and (2) allegation against a non-executive director <0612.HK> . China investment fund co -co and other defendants (but not sui guangyi)filed a summon in high court for an order to strike out the high court action . A writ of summons with an indorsement of claim dated 2 June 2016 was issued in the high court of Hong Kong . China investment fund co - was informed by a shareholder that yao yuan is classified on the list of wanted economic fugitives on mainland China . China investment fund co -co filed a summons in high court for an order to strike out second high court action for disclosing no reasonable cause of action . Issuance of writ of summons by fan weiyong as plaintiff against co, luk hong man, Hammond, zhang xi and hong lai ping as defendants . China investment fund co - plaintiff in both actions making identical claims against defendants for negligent misstatements and/or fraud .  Full Article

China Investment Fund updates on investigation into suspected misappropriation of company funds<0612.HK>
Tuesday, 17 May 2016 10:54am EDT 

China Investment Fund Co Ltd <0612.HK>: On May 13, writ was delivered to principal place of business in Hong Kong of co for company and its unit as 1st and 2nd Defendants . Informed by Hong Kong police evidence collected so far was insufficient to charge with reference to criminal standard . "It is observed that the three RMB10 million bills appeared to be forged", according to findings by Independent Accounting Firm . Yang Yan as plaintiff claims relief including forfeiture of a deposit in amount of RMB10 million paid by or on behalf of 1st and 2nd Defendants . "Company and unit denies allegations raised in the action", relating to Writ of Summons on claim issued by Yang Yan . Company considers that there is no basis for action . Will discuss with its legal advisors and consider including the instigation of civil proceedings to recover its loss or damages . Board has resolved to dissolve the Special Investigation Committee . Board has decided not to proceed with further investigation of the incident by the independent accounting firm . Zhang Xi, Luk Hong Man, Hammond confirm did not carry out procedures to ascertain authenticity of RMB25 mln bill, RMB30 mln bill before transactions took place .Resolved to also continue with the suspension of duties of Shi Minqiang and Yao Zhixiang as non-executive directors.  Full Article

China Investment Fund Co Ltd updates on suspension of duties of non-executive directors
Wednesday, 16 Dec 2015 07:10pm EST 

China Investment Fund Co Ltd:Suspension of duties of non-executive directors.Investigating into recent incident involving certain bills of exchange belonging to co "which are suspected to have been misappropriated".Says company has already reported the matter to the Hong Kong police.Pending results of co's investigation, has suspended all duties of Yao Yuan, Shi Minqiang and Yao Zhixiang.  Full Article

China Investment Fund Co Ltd Co says Sui Guangyi to assume Chairman position
Sunday, 27 Sep 2015 06:00am EDT 

China Investment Fund Co Ltd:says Sui Guangyi will assume the position of chairman of the board with effect from 2 October 2015.  Full Article

China Investment Fund Co Ltd says termination of share placing agreement and CB placing agreement
Wednesday, 5 Aug 2015 06:36am EDT 

China Investment Fund Co Ltd:Says Reference is made to the previous announcement in relation to the placing of new shares under specific mandate and the placing of convertible bonds under specific mandate.Says due to recent market conditions, the Company and the Placing Agent have agreed to terminate each of the Share Placing Agreement and the CB Placing Agreement with immediate effect.Says Company will continue to seek other fundraising opportunities and will make an announcement in due course and as appropriate.  Full Article

China Investment Fund Co Ltd announces placing of new shares under specific mandate
Tuesday, 23 Jun 2015 12:25am EDT 

China Investment Fund Co Ltd:Enters into share placing agreement with placing agent, pursuant to which placing agent has conditionally agreed to place, up to an aggregate of 1,000,000,000 new placing shares to not less than six share placees at price of HK$0.50 per placing share.Estimates gross and net proceeds from share placing estimated to be about HK$500 million and HK$492 million respectively.Intends to utilize net proceeds from share placing for investment in both listed and unlisted securities and for general working capital purposes.  Full Article

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