• Sun
  • Jul 13, 2014
  • Updated: 5:18pm

Sukhoi Su-30mki

Sui Chong in red

Sui Chong, the property and construction company which became the holding company for the former MKI Corporation, has reported a net loss of $14.8 million for the six months to June 30, on the back of an exceptional loss of $29.9 million.

Tuesday, 24 September, 1996, 12:00am

MKI lifts stake

MKI Corp shareholders are to increase their stake in Wing Hing Holdings to 10 per cent from 6.9 per cent under a revised offer by Wing Hing.

15 Sep 1995 - 12:00am

MKI wins reprieve after SFC seeks adjournment

MKI Corp appears to have won a stay of execution after the Securities and Futures Commission (SFC) asked yesterday for an adjournment in the High Court to allow for MKI to work on details of proposals.

27 May 1995 - 12:00am

Winfoong to decide on MKI bid today

WINFOONG Investment will announce whether it will bid for beleaguered MKI Corp today after reviewing MKI's due diligence report.

Winfoong chairman Patrick Cheong Pin-chuan said MKI's net asset value had been included in the report but he refused to reveal what it was worth.

He said Winfoong's decision would depend solely on MKI's net asset value.

25 May 1995 - 12:00am

Chesterfield deal 'an illusion'

SHARE placements and property deals at locally-listed Chesterfield found to be prejudicial to shareholders yesterday by a high court judge were detailed in public for the first time yesterday.

23 May 1995 - 12:00am

Singapore bid for MKI

A SINGAPORE rescue may mean a last-minute reprieve for the MKI Corp, which was facing a winding up order in Hong Kong today.

Under the long-awaited plan, Hong Fok Corp, a majority owner of Hong Kong-listed Winfoong Investment, and which is quoted in the republic, has proposed a scheme of arrangement to create a new holding company for MKI.

21 Apr 1995 - 12:00am

Peter Mou

LAWYERS for Peter Mou have asked us to point out that he has never been a director of MKI Corp, as stated in an article in Business Post on March 21.

It is also pointed out that Mr Mou did not settle with Standard Chartered Securities during a trial and was not represented during the trial.

24 Mar 1995 - 12:00am

Judge's winding power comes to a head

THINGS took an interesting twist yesterday when MKI Corp decided to contest the right of the Securities and Futures Commission (SFC) to wind up the company (See Business Post , Page 1).

17 Jan 1995 - 12:00am

MKI and associate preoccupy the media

THE fortunes of MKI Corp, its 25 per cent associate Chesterfield and Arthur Lai, the controversial financier who ran them both, have been the subject of reams of news print and barrels of ink.

MKI's shares more than doubled in price from a low of 28 cents on March 30 to reach a high of 62 cents by the start of June.

31 Dec 1994 - 12:00am

Chesterfield reveals massive property losses in China

CHESTERFIELD, the investment holding firm of MKI Corp, has written down a $130 million China property project it bought last year to a mere $1,000.

Ironically its partner in the deal, which has disappeared, was a Hong Kong company named Good Faith International.

9 Sep 1994 - 12:00am

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