BMN 0.37% $2.74 bannerman energy ltd

hanlong execs get extended stay in Aust, page-19

  1. 2,889 Posts.
    LOL... Good find Paul...

    I note that ASIC refer to Mr Fan Zhang as a Hanlong employee and not an executive...

    I also note that nobody turned up to represent Wingatta at the court...

    Bet the MD and the VP turn on mr Zhang... Stupid is the right word here...



    ASIC obtained ex parte orders on Monday 5 September 2011 freezing the assets and restraining the travel of Mr Xiao, Mr Calvin Zhu, a Hanlong vice president and Mr Fan Zhang, a Hanlong employee.

    "Freezing orders were also obtained for Mr Xiaos wife, Ms Xike Hu, Ms FanFan Chen and Wingatta Pty Ltd, an entity associated with Mr Zhang.

    On Friday 9 September 2011 these orders were continued by consent until Thursday 22 September 2011 for Mr Zhu, Mr Zhang, Ms Hu and Ms Chen, with the Court making freezing orders for Wingatta Pty Ltd, as the company was unrepresented.

    Although, Mr Xiao consented to the freezing orders he sought to vary the travel restraint orders permitting him to make a brief trip to Hong Kong. ASIC opposed this variation at a hearing on Friday 9 September 2011."

    http://www.asic.gov.au/asic/asic.nsf/byHeadline/11-201AD%20ASIC%20obtains%20passport%20and%20freezing%20orders%20against%20Hanlong%20Mining%20executives%20and%20others?opendocument
 
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