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.
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.
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?
Birmingham Sports Holdings today made an announcement to the stock exchange of Hong Kong clarifying the recent investments made by Chigwell Holdings and Dragon Villa. In what was an extraordinarily detailed announcement, it was confirmed money loaned by those two companies was used to finance the football club.
Two more names have been added to the ownership mix thanks to the latest announcement to the Stock Exchange of Hong Kong. Chigwell Ltd and Dragon Villa Ltd are the latest names to be confirmed as part owners of Birmingham Sports Holdings and by effect the club.
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.
Paul Suen Cho-hung has been a busy bee of late. Not content with his mass of Hong Kong listings, he has now launched a bid to buy a London-based casino from Hong Kong listed company Landing International for a whopping HK$2.5billion (£242million).
Birmingham International Holdings today announced to the stock exchange that an agreement has been reached with majority shareholder Trillion Trophy Asia for a HK$250million (approx £26million) loan facility.