I think everyone heard the news about them , so what will happen to the investor money ?
CHANGE OF COMPANY NAME
The Board is pleased to announce that the name of the Company has been changed from “Emcom International Limited” to “Bingo Group Holdings Limited” with effect from 6 August 2010 and the registration of the new name of the Company in Hong Kong under Part XI of the Companies Ordinance (Chapter 32 of the Laws of Hong Kong) took effect from 31 August 2010.
CHANGE OF COMPANY WEBSITE
A new website www.bingogroup.com.hk will be officially launched on 8 September 2010 to reflect
the Change of Name.
3. The issued share capital of Emcom Limited is beneficially owned as to 75% by Mr. Phang Wah, 15% by Mr. Yong Wai Hong and 10% by Mr. Lee Pin Yeow. Mr. Yong Wai Hong was theã€€former Chairman, Chief Executive Officer and Executive Director of the Company and resigned on 18 April 2009. Emcom Limited is a party acting in concert with Modern China Holdingsã€€Limited under section 317(1)(a) of the SFO. Therefore, Emcom Limited is deemed to beã€€interested in 174,706,00ã€€Shares. Emcom Limited is beneficially interested in 98,864,000ã€€Shares or approximately 3.60% of the issued share capital of the Company.
4. Jolly King Limited holds 75% interest in Emcom Limited and is therefore entitled to exerciseã€€or control the exercise of one-third or more of the voting power of Emcom Limited. The entireã€€issued share capital of Jolly King Limited is held by Mr. Phang Wah. By virtue of SFO, Jollyã€€King Limited and Mr. Phang Wah are deemed to be interested in 174,706,000 Shares.
In short, James phang Wah is still a shareholder of the Bingo Group Holdings Limited( rename after Emcom International Limited )
Sunshine Empire aftermath
Wednesday, February 4, 2009//The Sun Has Set