Last week I visited Phnom Penh, Cambodia to attempt to understand and report more about the convoluted ownership of Birmingham City. While the appointment of Ian Dutton as Managing Director in Birmingham has bought some much needed change to the way the club Is being run on a day-to-day level, I wanted to learn more about the owners above him; who they are and what their intentions are.
While Birmingham City played out a draw with Hull City in the race to mediocrity in the Championship on Saturday, more uncertainty has been heaped on Chelsea in the Premier League following sanctions placed on their owner Roman Abramovich by the UK Government. Watching things unravel at Stamford Bridge has got a few Blues fans twitchy wondering if a Chinese atrocity akin to Russia invading Ukraine could put Blues in a similar boat.
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.
Over the last ten months I have written an occasional series about “Mr King” aka Wang Yaohui. I’ve written about his past and his connections with various entities who have loaned money and gained stock in Birmingham Sports Holdings. In this article, I’m exploring what Wang has been up to of late and his connections to Cambodia.
Birmingham Sports Holdings have today confirmed in an announcement to the stock exchange that the major transactions to purchase property along with construction of commercial and educational facilities in Cambodia is now complete.
Birmingham Sports Holdings have confirmed in a set of announcements to the Stock Exchange of Hong Kong that there will be an EGM held on Friday 17 November to acquire shareholder approval for the previously mentioned Cambodia deal.
Birmingham Sports Holdings have today announced that they are to buy a company in Cambodia. The investment will see BSH own a stake in a mixed office and residential development along with building an international school. Furthermore, the investment will see a new company own a substantial stake in BSH and by extension BCFC.