BSH: Interim Accounts 2024

On Thursday afternoon, ZO Future Group (formerly known as Birmingham Sports Holdings Ltd) announced their interim accounts to the stock exchange of Hong Kong, for the six month period ending December 31, 2023.

HKSE: Diversification and Final Sale

Tuesday was a good day for Birmingham City. On the pitch at St Andrew’s, the team came back from a goal down to deliver Tony Mowbray’s first win as Blues manager, beating Hull City 2-1 and booking a fourth round FA Cup tie with Leicester City at the end of the month. However, on the other side of the world an announcement made to the Hong Kong Stock Exchange appears to be the next step in the final disconnection of Blues from the Far East.

BSH: Accounts Analysis 2023

One of the biggest indicators that life has drastically changed for Birmingham City is the complete lack of coverage of any news from Hong Kong. Despite Birmingham Sports Holdings still owning 51% of the club, it’s clear that it’s Shelby Companies Limited calling the shots and the remaining Chinese BCFC board members appear to have been completely sidelined.

BSH: The Circular Delay

On Friday afternoon Birmingham Sports Holdings confirmed to the Hong Kong Stock Exchange the news that I had feared on Wednesday; that the Circular for shareholders relating to the takeover of Blues was to be delayed. The announcement confirmed that the Circular will now be despatched on or before June 30, 2023.

BSH: Clarification and Approvals

Birmingham Sports Holdings made a supplemental announcement to the Hong Kong Stock Exchange on Tuesday afternoon to clarify certain points about the deal that has been agreed to sell a stake in Birmingham City to Shelby Companies Limited. The four page announcement was designed to answer questions shareholders might have but has seemingly just caused more for Blues fans.

BSH: Accounts Analysis

Birmingham Sports Holdings published their interim accounts for the six months ending December 2022 on Tuesday afternoon. As expected, the Hong Kong listed company have posted another loss, but while the accounts are unaudited there are a few bits we can take from it that tell us more about the state Birmingham City is in right now.

BSH: Attending the Annual General Meeting

Birmingham Sports Holdings held their annual general meeting on Friday 30 December at the United Centre in Admiralty, Hong Kong. As a shareholder in the company, I flew to Hong Kong to attend the meeting to ask questions about whether BSH were looking to sell their 75% stake in Birmingham City plc.

BSH: Accounts Analysis June 2022

Birmingham Sports Holdings announced their latest accounts to the Hong Kong Stock Exchange on Friday afternoon. The accounts are for the year ending 30 June 2022 and correspond to the 2021/2022 football season for Blues. While the company once again made a loss, the amount BSH lost has been reduced, which will surely please investors.

BSH: Not The Announcement You Are Looking For

As the Laurence Bassini and Keith Harris-led takeover “deadline” of June 30 came and went, Birmingham Sports Holdings did in fact make an announcement to the Hong Kong Stock Exchange. However, rather than inform shareholders that it was selling the club, the only news BSH had the was departure of director Hsiao Charng Geng.

BSH: Announcement Analysis

The first official communication that a partial takeover of Birmingham City is underway was made yesterday as Birmingham Sports Holdings made a voluntary announcement to the stock exchange. The announcement confirmed that BSH had been informed by Vong Pech that he was selling his 21.64% stake in Birmingham City plc.