Birmingham Sports Holdings made an announcement to the Stock Exchange of Hong Kong yesterday to clarify their acquisition of a Chinese lottery company. The announcement cleared up some of the confusion re prior connections between the holding company and the lottery firm, as well as offering more insight into how BSH are going to make money from the project.
The rumour season is once again in full swing on social media, with rumours not just of impending incomings and exits at Blues but talk of potential changes in ownership. None of these rumours have any basis in fact as it stands – I wrote this article to explain why Blues won’t be sold any time soon.
In the fallout from everything that happened on Thursday one of the most common questions I’ve been asked what I know about the motives of the owners of Birmingham City.
Documents from Companies House confirm that a new subsidiary of Birmingham Sports Holdings has been created in the UK in the last fortnight which looks to be specifically to complete the sale of the stadium. This confirms previous thoughts that the club were looking to make moves to improve its standing for P&S purposes.
Birmingham Sports Holdings confirmed a couple of board room changes to the Hong Kong Stock Exchange yesterday. The announcement confirmed that Anita Chan Yuk Yee, who was both executive director and company secretary of the holding company has been replaced.
While Blues secured their Championship status for another year by winning away at Rotherham on Monday, Birmingham Sports Holdings have been doing what it can to secure its own financial status on the Hong Kong stock exchange.
Birmingham Sports Holdings today announced their interim results for the six months ending December 31, 2018 today. The results have shown some improvements but the company still reported a HK$173million (around £16.6million) loss in just six months.
Blues’ final match of 2018 finished in a dour draw yesterday to bring what has most things considered been a successful year for the club. The turn of a new year is a time for reflection on what has passed and thoughts for the future, and in that vein I thought I would share mine.
Birmingham Sports Holdings today announced to the Stock Exchange of Hong Kong that Trillion Trophy Asia have extended a HK$250million loan facility for a further two years. The loan was due to elapse on December 21, 2018 but both parties have agreed to extend the facility and its loan repayment period.
On Monday Birmingham International Holdings finally announced to the Stock Exchange of Hong Kong details of their delayed EGM to approve the second part of a investment deal into Cambodian property. If approved by shareholders, the deal will see another 832million shares in the company created and reinstate Vong Pech as second largest shareholder in the company.