Arko Share Discussion Threads

[harki] 25/3/2008 16:17

saffy going in for 250k

[safman] 25/3/2008 13:58

75K limit @0.2p.. assets in xs of 1.5p.. still, await updates..

saffy..

[akramms] 07/3/2008 15:00

Simply because someone sold 70000 shares the price dropped 28%.

They buys have made it go back up.

OR IS THERE SOMETHING ELSE I'M MISSING?

[safman] 04/3/2008 17:03

big significant discount to net asset value on this stock.. fallen on a small sell, in all , depends on the maj holder who holds around 93% of the equity here.. in jail..

saffy..

[akramms] 28/2/2008 10:52

IS THAT A BUY I SEE!

[akramms] 07/12/2007 11:12

only gone down because of 2 small sells. Holds on to these as the company is in profit and shows signs of potential!

[akramms] 03/12/2007 08:24

This month is the month we are expecting news as it is the end of the year to report some very good results!

[moormoney] 20/11/2007 19:53

Looking more hopeful--thanks A.

[akramms] 20/11/2007 12:51

BUYS STILL COMING THROUGH!

[akramms] 19/11/2007 11:42

Any news just post it any body!

[topvest] 13/11/2007 21:45

Interesting, maybe somethings about to happen at last!

[akramms] 13/11/2007 16:15

See more buys still going through!

[akramms] 08/11/2007 10:19

IT WAS JUST A MATTER OF TIME!

[moormoney] 07/11/2007 12:54

I certainly hope so---I've buried this one for years so it's good to see a little interest here. The co. distanced itself from the prosecution but was damaged inevitably. It seems to be on the turn around now so more patience might see my money back at least---it's operations are in the right area and should be booming.

[akramms] 07/11/2007 09:56

Buy trade come through, lets see if this has any effect on the share price later today, surely more small buy trades will move the price up!

[akramms] 06/11/2007 10:15

As low as it will get, will shoot up on any good news, hopefully soon!

[damanko] 02/11/2007 09:53

Press Release ..........damanko this might help.

20/04/04

Ex-Keen Lloyd chairman and four others jailed for $223m L/C fraud


The Court of First Instance today (Tuesday) meted out jail terms up to six and a half years to five persons for their roles in a US$28.78 million (about HK$223 million) Letters of Credit (L/Cs) fraud involving Keen Lloyd Group (KLG).

Chin Kam-chiu, alias Chun Kam-chiu, 46, former chairman of KLG; received a jail term of six and a half years, while Chow Wai-choi, 44, former deputy general manager of then Sin Hua Bank Limited (Sin Hua Bank), was jailed for five and a half years.

Tsang Siu-lan, 34, former manager of KLG; Hau Pui-yee, alias Hau Pui-ming, 53, former assistant general manager of Sin Hua Bank, and Ma Kin-fai, 45, former senior branch manager of Sin Hua Bank, were each sentenced to four and a half years' imprisonment.

In sentencing, Mr Justice Pang Kin-kee said the defendants each played a pivotal role in the fraud, which had put the bank at risk.

The five defendants were earlier found guilty by a jury on one count of conspiracy to defraud.

The case arose from a complaint, alleging that Chun might have corruptly secured credit facilities from a bank. ICAC inquiries uncovered the conspiracy offence.

The charge stated that between November 1, 1998 and April 30, 1999, the defendants had conspired together and with other persons to defraud Sin Hua Bank, its shareholders and creditors by dishonestly:

- causing and permitting applications to be made to Sin Hua Bank by Keen Lloyd (Holdings) Limited and Keen Lloyd Motors Limited for the issue of L/Cs to finance the purported purchase of goods from a number of companies;

- causing and permitting the falsification of documentation required for the negotiation of the L/Cs; and

- causing and permitting payments to be made to the beneficiary companies pursuant to the negotiation of the L/Cs.

The court heard that as a result, Sin Hua Bank released a total of US$28.78 million (about HK$223 million) under the L/Cs to the beneficiary companies. The sums were subsequently transferred to the bank account of KLG.

The court also heard that the beneficiary companies were in fact controlled by KLG, while there were no genuine commercial transactions relating to the purchase of electrolytic copper cathodes or aluminium ingots as claimed in the 25 L/Cs involved in the scam.

The prosecution was today represented by Senior Assistant Director of Public Prosecutions Bernard Ryan, assisted by ICAC officer Patrick Kwok.

[damanko] 02/11/2007 09:45

He was imprisoned a couple of years ago on (I think) fraud related charges. Since then ARKO has gone pretty much one way only. If you trawl back through the posts on this thread there should be something on it.....

[safman] 02/11/2007 09:31

thats the 6 mill doll question.. answers, do i know on both counts.. nope and nope..

saffy..

[damanko] 02/11/2007 09:28

saffy, you know that the chairman / 92% golder is in prison over there? - Or, if not, he has only been released recently.

[safman] 02/11/2007 08:55

yeah, full ask price on the buy.. at the mo..

saffy..

[akramms] 01/11/2007 18:19

Few buying trades coming in daily, see where this one takes us. I'm sure it won't be going down anymore. Just have to wait till it rockets when good news comes in. Hopefully they have plans for the power plant but at least they are still generating cash from their other operations.

[safman] 31/10/2007 13:19

yeah it certainly is.. a strange one though..92% equity held by the chairman..

saffy..