Full Payment of Auction Shares
As previously disclosed on May 12, 2023, an auction of delinquent shares was held where Mr. Ernest Yeung, a private investor, bid for and was awarded for 1,389,802,253 shares.
Today, Mr. Ernest Yeung, completed the payment for the 1,389,802,253 shares. Mr. Yeung, a British Citizen, is a veteran in corporate strategy, project finance, private equity, and asset management whereby he held key positions at Changseng Fund Management, Manulife Asset Management, DBS Bank, HSBC, Nomura Securities, JP Morgan and the Swire Group in Hong Kong, Singapore and China. Mr. Yeung holds a master’s degree in Accounting, Finance and Political Science from the London School of Economics, as well as a bachelor’s degree in law and science from Beijing University and King’s College, London respectively. He is also a Chartered Alternative Investment Analyst (CAIA) and a chartered Fellow of the Chartered Institute of Securities and Investment of UK.