I bought a few for a trade today - thought shares may rise due...

I bought a few for a trade today - thought shares may rise due to Mrs Yu paying a 50% premium to todays price. Also thought the company would release a statement to boost the sp as many companies do in similar situations (forgot WCU aren't investor friendly), anyway, did a bit of research if anyone's interested.

Mrs Yu purchased 20m WCU shares from GDN at 10c taking her total to 23m or so. A further 15m shares to are be purchased at 10c if certain conditions are met. A further 25m shares if convertible notes are converted into shares, alternatively repayment of notes by WCU for US$2.5m.

She's very keen, couldn't find much about her on google, but i did find out a little (below).

Wonder what her intentions are? Would she be allowed to go above 20% if she wanted to convert notes and purchase the remaining 15m from GDN?


From 1999 Hong Kong Construction Holdings

Ms YU Man Ying, Lulu, 38, received both her undergraduate
degree and masters of international affairs from Columbia
University of the United States. Ms Yu, who is the daughter
of Mr C P Yu, the Companys honorary chairman, previously
worked as a journalist and is the managing director of Arome
Bakery (HK) Co Ltd.

Ms Yu Man Ying, Lulus certain family businesses,
such as participation in property development/
investments in Hong Kong and China, may compete
with the Companys business.
However, given that the Companys present core
business is construction activities, there is no conflict
of interests between Ms Yus participation in family
businesses and her role as a director of the Company.

www.hkconstruction.com/financials/annual/99/dirrep.pdf

www.hkconstruction.com/financials/annual/99/dme.pdf