ANGRY MKI Corp shareholders bombarded the enforcement division of the Securities and Futures Commission (SFC) with telephone calls yesterday, demanding to know if they would ever see their money again. SFC spokesman Bill Weeks said: 'The division has received a number of calls about MKI. They [The callers] want to know what happens after MKI is liquidated.' Shareholders will be at the back of the queue when it comes to dividing up MKI's assets. First call on any realisable cash will go to pay off MKI's debts, including sums owed to the Bank of China for unpaid rent. According to the balance sheet, the company has net current liabilities of $3.16 million and total assets less current liabilities of $156.69 million. Assets including an $8.22 million investment property and $60.98 million in listed investments in companies are pledged to 'several banks to secure general banking facilities', according to MKI's last report. MKI's principal bankers are Standard Chartered, HSBC and International Bank of Asia. Already a likely leader of an independent shareholders group has emerged. Rienke Kamar, the publisher of Financial Strategy newsletter and a supporter of former MKI chairman Khundkar Khalid Ahmed Hossain is understood to be planning to rally other disaffected shareholders. Mr Kamar is said to represent a group of European investors who bought into MKI on his recommendation. He was not available for comment last night, but his plans are said to include a role for Mr Hossain. Along with former company chairman Arthur Lai Cheuk-kwan - the man at the centre of the storm - Mr Hossain is a major shareholder who bought 124.42 million shares from Unison International this spring. However, Mr Hossain is believed to have entered into a sale and repurchase agreement on the shares with a bank and it is not clear if he or the bank is now the beneficial owner. The other big holders are all nominee companies. A Business Post reporter who inspected the company's shareholders register last night found a number of large entries. These included 'Various Hong Kong Securities Clearing Corporation Nominees' (holding 250.91 million shares), Albus (35.21 million), Alpha Credit & Factors (17.1 million), Able Crown (16.57 million), and Bacaral Investment (80.76 million) 706) and Vincent Nominees (95 million). Bacaral and Vincent appear as major shareholders in the latest company report, but the beneficial owners are not identified. Mr Weeks said that two court hearings would be the SFC's next step. A court hearing will take place tomorrow to restrain 'certain directors' of Chesterfield, MKI's 32.1 per cent listed associate. On January 11, a High Court hearing will decide on the SFC's winding up petition. The Commercial Crime Bureau said no reports on MKI or Chesterfield had been made to the police. MKI said last night that its directors were considering the matter and would make a further announcement in due course. Mr Lai was keeping a low profile. He refused to speak to reporters encamped outside his home on the Peak. A maid confirmed that Mr Lai was at home when she first answered the doorbell. But another woman, who claimed to a maid, then cut in on the intercom conversation and told reporters that Mr Lai was not in. 'Call his office,' she said.