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.
One of the big themes for protest here in Hong Kong is that “Hong Kong is not China”. While the former colony is a Special Autonomous Region (SAR) of China, it has its own government, money and legal system. Today I spoke to Tobias Zuser, who is a researcher in Sports & Cultural Policy, Hong Kong Baptist University and an expert in Hong Kong / Chinese football about how that difference between the SAR and the Chinese mainland affects Blues.
On Monday October 17, at 9am Hong Kong time a minor stock on the main board of the Stock Exchange of Hong Kong will resume trading in it’s shares. It’s an anti-climactic end to five and a half years of turbulence but that simple act will mark the end of the Carson Yeung era for Birmingham City with the “Penny Stock King” Paul Suen becoming the single largest shareholder in the holding company.