Teresa Cheng Mum On Link To Husband's New Firm

"); jQuery("#212 h3").html("

"); });
2019-07-23 HKT 15:11
The Secretary for Justice Teresa Cheng has stated that she sees no need to declare her shareholding in a recently-listed company owned by her husband Otto Poon.
Reports have speculated that her stake is worth about HK$1.1 billion in engineering firm Analogue, shares of which began trading on the Hong Kong stock exchange earlier this month.
Her office said on Tuesday that she does not have the right to receive benefits of the shareholding such as dividend, and she's not entitled to any shareholders' rights, therefore the secretary believes it's not necessary to declare her stake.
Details of Cheng’s holdings were uploaded on the local exchange website on Monday.
According to the firm's listing document, Otto Poon, through The Otto Poon Family Trust, will hold approximately 63.48% of the voting rights in the company.
He founded the firm in 1977. On the company's website, it says Poon has acted as chairman since July 2010, and is a director of all subsidiaries of the company.
Analogue shares began trading on the Hong Kong stock exchange on July 12, after raising HK$420 million from the initial public offering.
The shares soared on debut, rising as much as 42 percent from an offer price of HK$1.20 on their first trading day. The shares had come down since then, and ended the trading at HK$1.25 on Tuesday, up 5 percent from the previous day's close.
______________________________
Last updated: 2019-07-23 HKT 18:36
Eric Trump To Speak At Bitcoin Asia 2025 In Hong Kong
Eric Trump, the second son of US president Donald Trump, is set to speak at the upcoming Bitcoin Asia 2025 conference i... Read more
Hong Kong Digital Banking Survey Reveals User Concerns And Growth Potential
ECHO ASIA, partnering with students from Global Business Studies, CUHK Business School, announced the release of the H... Read more
InvestHK Attracts HK$160 Billion In 2025, With Fintech As Top Sector
Invest Hong Kong (InvestHK) announced on 7 July 2025 that it supported over 1,300 overseas and Mainland companies in se... Read more
ZhongAn Online Completes US$500M H Share Placement To Fuel Core Insurance Growth
ZhongAn Online P & C Insurance Co., Ltd (Zhong An, HKEX:6060) announced the completion of its H share placement on ... Read more
Beyond KYC: How Technology Is Transforming The Fraud Prevention Game
Digital wallets and cryptocurrencies are two of the most targeted channels for fraud this year, according to SEON’s 2... Read more
2025 Hong Kong Fintech Report: What You Need To Know
Hong Kong is hitting the gas when it comes to fintech innovation, regulation and adoption. From the passage of the Stab... Read more