Grandtop International Holdings
Encyclopedia
Birmingham International Holdings is an investment
holding company
run by Carson Yeung
.
, Grandtop International Holdings Limited, through its subsidiaries (Dollar Concept International Ltd., Fanlink Far East Ltd., Sun Ace Group Ltd., Leader Ahead Investments Ltd., East Step Trading Ltd. and Gala Consultants Group Limited.), engages in sourcing
and trading
apparel. It involves in trading sportswear
and other apparel; and provision of entertainment services in Hong Kong
, Macau
, and the United Kingdom
. The company is based in Central, Hong Kong
.
Premier League football club Birmingham City FC. They followed this with an offer to buy the club, but failed to meet the completion deadline of December 22. In Summer 2009, GIH made another offer to buy the club, taking full control from October 1 in an £81.5million deal.
It is the intention of Grandtop, subject to shareholder approval, to change the company name to 'Birmingham International Holdings Limited' within the next few months.
The ownership has changed in recent months. In March 2011 new shares issued (from 3,187,753,400 to 3,637,753,400), which Yeung held 16.25% of them and in April Yeung through its BVI
company bought 315,000,000 shares from the public, made he owned 24.91%. On 4 May extra new shares issued to the independent third parties, made Yeung's ratio decreased to 23.3%, But on 12 May Yeung's company bought 170,000,000 shares, meaning he owned a total of 26.31%. The total shares owned by Mr. Hui and Liu remained unchanged but the ratio changed in 2011. Although Yeung bought the shares of the company, he also injected other business into the company, meaning he received money from the company.
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
run by Carson Yeung
Carson Yeung
Carson Yeung Ka Sing is a businessman from Hong Kong. He is the chairman and an executive director of Birmingham International Holdings , an investment, entertainment and sportswear firm registered in the Cayman Islands, through which he owns English football club Birmingham City F.C...
.
History
Registered in the Cayman IslandsCayman Islands
The Cayman Islands is a British Overseas Territory and overseas territory of the European Union located in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac, and Little Cayman, located south of Cuba and northwest of Jamaica...
, Grandtop International Holdings Limited, through its subsidiaries (Dollar Concept International Ltd., Fanlink Far East Ltd., Sun Ace Group Ltd., Leader Ahead Investments Ltd., East Step Trading Ltd. and Gala Consultants Group Limited.), engages in sourcing
Sourcing
In business, the term word sourcing refers to a number of procurement practices, aimed at finding, evaluating and engaging suppliers of goods and services:*Global sourcing, a procurement strategy aimed at exploiting global efficiencies in production...
and trading
Trader (finance)
A trader is someone in finance who buys and sells financial instruments such as stocks, bonds, commodities and derivatives. A broker who simply fills buy or sell orders is not a trader, as they are merely executing instructions given to them. According to the Wall Street Journal in 2004, a managing...
apparel. It involves in trading sportswear
Sportswear
Sportswear or activewear is clothing, including footwear, worn for sport or physical exercise. Sport-specific clothing is worn for most sports and physical exercise, for practical, comfort or safety reasons....
and other apparel; and provision of entertainment services in Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
, Macau
Macau
Macau , also spelled Macao , is, along with Hong Kong, one of the two special administrative regions of the People's Republic of China...
, and the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. The company is based in Central, Hong Kong
Central, Hong Kong
Central is the central business district of Hong Kong. It is located in Central and Western District, on the north shore of Hong Kong Island, across Victoria Harbour from Tsim Sha Tsui, the southernmost point of Kowloon Peninsula...
.
Birmingham City FC takeover
In 2007, GIH bought 29.9% of shares in EnglishEngland
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
Premier League football club Birmingham City FC. They followed this with an offer to buy the club, but failed to meet the completion deadline of December 22. In Summer 2009, GIH made another offer to buy the club, taking full control from October 1 in an £81.5million deal.
It is the intention of Grandtop, subject to shareholder approval, to change the company name to 'Birmingham International Holdings Limited' within the next few months.
The ownership has changed in recent months. In March 2011 new shares issued (from 3,187,753,400 to 3,637,753,400), which Yeung held 16.25% of them and in April Yeung through its BVI
British Virgin Islands
The Virgin Islands, often called the British Virgin Islands , is a British overseas territory and overseas territory of the European Union, located in the Caribbean to the east of Puerto Rico. The islands make up part of the Virgin Islands archipelago, the remaining islands constituting the U.S...
company bought 315,000,000 shares from the public, made he owned 24.91%. On 4 May extra new shares issued to the independent third parties, made Yeung's ratio decreased to 23.3%, But on 12 May Yeung's company bought 170,000,000 shares, meaning he owned a total of 26.31%. The total shares owned by Mr. Hui and Liu remained unchanged but the ratio changed in 2011. Although Yeung bought the shares of the company, he also injected other business into the company, meaning he received money from the company.
External links
- Grandtop International Holdings Ltd. (Stock code: 2309) – Hong Kong Stock ExchangeHong Kong Stock ExchangeThe Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
company profile