Another Emergency Share Issue: New BFC Ownership Percentages

[SBRed48]

Thank you to BBS Exile for information,

Another Emergency Share Issue has just been published on the Hong Kong Registry, providing £2.4 million for club running costs. Lee, Conway and Hung have chalked fqk on any more investment and so their share percentage has been reduced. The shares have been bought by Parekh, JAQ (via her husband Matthew Edmond's Hedge Fund Jamakepe), and the Crynes. Several million shares were traded at a price of 4p, down from 8p.

The resultant ownership structure is now--
A Shares

Parekh 47.97%
Jamakepe Hedge Fund (JAQ) 9.2%
Chein Lee 11.45%
PMG (Conway/ Hung) 4.87%

B Shares

Crynes 26.51%

Parekh almost has now sole control. It wouldn't be surprising if part of Ahmad's "Big News" is that Lee's and Conway/ Hung's shares are bought out by Parekh to give him control, which he has already anyway with Jamakepe's and Cryne's support.