| Abstract | Securities and Futures Commission (SFC) sleuths investigating a more recent matter delved back and discovered that William, Cheng Kai-min, acting in concert with broker Geraldine Wong, had hoisted his shareholding in a property company called Shun Ho Resources over the 35 per cent level which triggers a mandatory bid to all shareholders. The panel members worked out that, to properly compensate minority Shun Ho shareholders for being frozen out of the long ago deal, he should compensate them to the tune of $1.2161 a share - which tots up to just a whisker short of $50 million. |
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