Details of Siver Dragon ownership
posted on
Jan 02, 2010 07:44PM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
I have been gathering info as to the ownership structure of Silver Dragon Resources in China. Silver Dragon ( Deleware, US ) owns 70%, the Chinese Government owns 30%, of the Chinese subsiduary of Silver Dragon. As well, Siver Dragon ( Deleware) owns 40%, the Chinese Government's mining co. owns 8%, and a private Chinese company owns 52%, of 'Sanhe Sino Top Resources', which in turn owns 100% of 'Inner Mongolia Guangda Mining Company'. This company owns 100% of 8 different areas.
My earlier post, regarding the connections that Fung and Brown now have to Silver Dragon, shows the connections that they also have to Chinese Bussiness. My reasons for saying that this move of Fung and Brown may very well have a direct connection to KRY. We have said before that 2 billion plus is a lot for one or two companies to put together...........
But how about a consortium of Silver Dragon Resources, the Chinese government's mining company, and a private Chinese Resource company, all of which own together another mining company in the process of developing 8 properties in China.
That should mean something when the following is considered.
I have found interesting connectiions between Fung and Brown, Li Ka Shin, his son's Richard Li, and Victor Li, William Fung ( Robert Fungs brother?)
I
"Prior to that, Mr. Brown was a Managing Partner with Gordon Capital Corporation, responsible for coordinating and marketing Gordon Capital's investment banking services to the mining industry.
"From 1980 to 1997, he (Robert Fung) was the vice-chairman and a director of Gordon Capital Corporation. He was a senior member of the team that built that company into one of Canada's most innovative independent investment dealers at the time, participating in many of Canada's largest corporate transactions. Much of his efforts focused on corporate finance in the natural resources sector, particularly in acquisitions in the oil and gas industry. Upon leaving Gordon Capital, he joined Capital West where he was a senior partner."
"His two sons Victor Li and Richard Li are also prominent figures in the Hong Kong business scene. Victor Li works directly with his father as managing director and deputy chairman of Cheung Kong (Holdings) Limited, while Richard Li is the head of PCCW, the largest telecom company in Hong Kong. They are both Canadian citizens."
This from 2003
"-Gordon Capital is ( was ) principally owned by Richard Li (Li Ka-Shing's son)
Gordon Capital owns HSBC Securities.
"-HSBC (of which Li Ka-shing is a Principal and Director) is aptly
represented on the Bid Board by Eric Major, Director, HSBC Capital
(Canada) Inc. and Milton Wong, Chair, HSBC Asset Management Canada Ltd.
(responsible for assets of $4 billion at HSBC). HSBC purchased M.K. Wong &
Associates to form HSBC Asset Management Canada Ltd. Merrill Lynch Canada
(reportedly owned by Thomas Fung, Fairchild Group) is represented on the
Bid Board by Guy Savard, Vice-Chair & Chair, Quebec Operations, Merrill
Lynch Canada Inc. Merrill Lynch International is reportedly owned by Li
Ka-shing and Thomas Fung. Bid Board Member, Ms. France Chrétien-Desmarais
is daughter of the Honourable Jean Chretien, Prime Minister of Canada."
the present.
"Masters of long-term relationships, the Lis are also intimate with CIBC, of which Li Ka-shing is reported to be the largest individual shareholder."
"Another nexus for the Lis' relationships in Canada is Robert Fung, a Toronto financier who was Richard Li's mentor at the aggressive Toronto merchant bank Gordon Capital in the late 1980s. During Richard's two-year apprenticeship, Fung exposed him to the investment business and fishing trips in Northern Canada. He was no ordinary apprentice, of course: Richard, remembered on the Street principally as a playboy, later returned as Gordon's largest shareholder. The Lis sold the faltering investment banker to HSBC in 1998, which shut it down in 2002.
The Gordon flop aside, Fung's famed "gold-plated Rolodex" connected the Lis to names like Paul Martin and Jean Chrétien. Fung and Martin were roommates at the University of Toronto; Martin is godfather to one of Fung's sons. When Chrétien bowed out of politics in 1986, Fung ushered him into an advisory position at Gordon Capital. Chrétien later returned the favour by taking one of Fung's sons to Ottawa as a junior staffer."
Penderite