BSH: Understanding Share Shenanigans

It might be relegation worries for Birmingham City at St Andrew’s, but in the Hong Kong it’s very much business as usual for Birmingham Sports Holdings. The HKSE listed company announced to shareholders that it was revising its profit warning upwards to around £7m for the six months to December 31, 2020 – and this came on the back of a share price rise which now values the company at close to £320M.

BCFC Ownership: Understanding the HKSE

Last week I wrote an article to demonstrate the convoluted nature of the ownership of Birmingham City Football Club, and also to show that what happens on the pitch doesn’t necessarily affect the amount of money the owners make off of it. In this follow-up piece I want to explain to people more about the Hong Kong stock listing and how Birmingham Sports Holdings is valued so highly.

BSH: Partial Sale Approved

The sale of 21.64% of Birmingham City plc was approved by shareholders at an Extraordinary General Meeting of Birmingham Sports Holdings yesterday morning in Hong Kong.

BSH: EGM To Confirm Partial Sale of BCFC Announced

Birmingham Sports Holdings confirmed in an announcement on Monday to the Hong Kong Stock Exchange the date of an Extraordinary General Meeting to approve the partial sale of BCFC to Oriental Rainbows Ltd. The sale would see Chinese-Cambodian businessman Vong Pech become the largest shareholder in the club.

BSH: The (Partial) Sale of BCFC

Birmingham Sports Holdings broke the news on Friday afternoon that they are proposing to sell a 25% stake in BCFC to Oriental Rainbow Investment Ltd, a British Virgin Islands investment vehicle owned by current BSH shareholder Vong Pech. The deal will see Vong Pech become the largest shareholder in the club among other changes.

BSH: Japanese Acquisition

While most fans were celebrating the arrival of Aitor Karanka as Blues’ new Head Coach on Friday, Birmingham Sports Holdings also made an announcement to the stock exchange which can be seen as positive news. The holding company voluntarily confirmed to the stock exchange that it intends to acquire a medical service business in Japan to continue to strengthen the Group’s profitability.

BSH: Accounts Analysis February 2020

Birmingham Sports Holdings announced to the Hong Kong Stock Exchange their interim accounts for the six-month period ending December 31, 2019 on Friday. While these accounts are unaudited and are for the entire parent company rather than the club they do give us something of an insight into how things are going with the club this season.

BSH: TTA Extend £25million Loan

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.

BSH: EGM Announced

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.

BSH: Two Year Anniversary

The two-year anniversary of the takeover of Birmingham Sports Holdings by Paul Suen Cho Hung’s Trillion Trophy Asia vehicle approaches in October. With it being public knowledge that Suen could not sell his stake in BSH within two years, will this anniversary herald a change of owner?