Often Partisan

News from Hong Kong: More Delays

Birmingham International Holdings have announced to the Hong Kong Stock Exchange today that there is a delay to them holding an EGM to authorise new funds coming into the company.

The announcement made this morning references the announcement made three weeks back stating that Cheung Shing and Victor Ma Shui-Cheong were going to put money into the company by way of a convertible bond. For the convertible bond to be authorised, an EGM would have to be called and BIH have confirmed that they need additional time to do so.

BIH are no doubt being very careful with credible rumours from Hong Kong that the HKSE are investigating the company over the auditing of the year-end 2011 accounts – as those investigations are secret and the HKSE do not comment it is impossible to verify the rumours but I have no reason at this time to doubt the accuracy. This will no doubt delay any chance of a takeover with pessimistic sources now saying it’s unlikely to happen this season.

Carson Yeung looking old (Courtesy Next Media)

Carson Yeung was back in court today making an application for bail pending his appeal against his convictions for money laundering. Next Media, who have noted in their early stories how grey and grizzled the former BCFC president looked have reported that the application has been postponed with no date for a new hearing confirmed as of yet.

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20 Responses to “News from Hong Kong: More Delays”

  • Agent McLeish says:

    Interesting update, will watch for any developments from HKSE. Any news on the rumour of Pannu departing?

    • Raymondo says:

      Here’s an idea. If Pannu leaves we should have a “Push Off Pannu” Party on the terraces at our next away match with appropriate banners and flags. They might get the message in Hong Kong, and the away club wouldn’t care what it meant so they wouldn’t try to stop us.

  • Oldbluenose says:

    what a sorry mess the Blues are in with this sorry saga, Eh, ?.

  • Big Al says:

    Sorry to go off script but if Gunning only has a one year contract (with one year extension) is that 30 minutes against Cambridge the last we’ll see of him? If so you’ve got to feel for him.

  • Tommo53 says:

    At least now we can get on with enjoying the football and just leave worrying about HK and BIH. It aint going to happen soon and to be honest like most fans totally bored with the whole thing. It will happen one day but until then ‘COME ON YOU BLUES’ and stuff the carp going on in HK.

    • Agent McLeish says:

      I like stuffed carp.

    • Raymondo says:

      I agree with stuffing the carp, we might as well have owners on Mars. What LC really thinks about them I can’t imagine!

      • harbsbleu says:

        We should stop carping on and plaice the blame sole ly on HK and get them to stop crabbing around, then we will be squids in. Me I am more of a stuffed gurnard man! Regards the cod father!

  • Staffs Blue says:

    I don’t think anyone in their heart of hearts really expected a sale. It’s basically carry on as you were.

  • StevieW says:

    Same old, Same old, the team might be changing and our managers ability might be changing but the rest goes on just the same.

  • Robert Hughes says:

    I suspect that part of Carson’s problem is that hair dye is hard to come by in the clink

  • Richard Granfield says:

    It will be interesting to see if there will be any in comings or outgoings in the next 10 days. I fear Shinnie may have played his last game. The current squad of 18 are all aggressive, high work rate pressing players, which is exactly what the manager wants. Shinnie is too lightweight for the Championship and I wouldn’t be surprised if he goes on loan somewhere with a view to a permanent deal.

  • bluenoserob says:

    maybe they misheard us and got “delay some more”

  • tmsblues says:

    Nothing’s really changed. Its always due to have been a big ask for anyone to buy a mismanaged, dream driven kind of business the BIHL appears to be. When all the investigating is done and any inappropriate activities exposed I’d be surprised if anyone except those with a big wad and a blind spot for the Club would shell out real money for BIHL. Unless they diversify then its a stalemate for a long time yet. That’s all fine if the Club can survive on 5k wage caps and enthusiastic hard working players, but if relegation beckons the House of Cards will fold and a quick sale may be the only way out.

  • BluBoi14 says:

    I’m not entirely sure the grey haired guy in the picture is Carson Yeung.

    Isn’t CY the one on the right? The Birmingham Mail have this picture courtesy of Often Partisan, with an inset picture of CY. Check the inset picture against the profile of the guy on the right edge of the main image.


  • Art says:

    £20 to Charity says “the annual accounts due in September will be delayed.”

    Any takers?

  • […] a delay with regards to holding an EGM to authorise new funds coming into the company. As Dan at Often Partisan pointed out yesterday, this news is likely to mean further delays regarding any possible […]

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