Birmingham Sports Holdings
| SEHK: 2309 | |
| Industry | Holding company Association football Property development |
| Predecessor | Grandtop International Holdings Limited |
| Headquarters | Hong Kong (head office) The Caymans (Incorporated Office) Birmingham, England (major business) |
Key people | Cheung Shing (Chairman) Hui Ho Luek, Vico (executive director) |
| Revenue | HK$581.60M (2009–10) |
| Total assets | HK$1,336.34M (At 31 December 2010) |
| Total equity | HK$285.04M (At 31 December 2010) |
| Owner | Carson Yeung (26.31%) Hui Ho Luek, Vico (4.21%) Liu Xingcheng (劉星成) (11.66%)[1] |
| Subsidiaries | Birmingham City plc (96.58%) |
| Website | Homepage |
| Footnotes / references Fiscal Year of 2009-10 ended on 30 June 2010 and consist of 15 months[2] | |
Birmingham International Holdings (Chinese: 伯明翰環球控股有限公司) is an investment holding company run by Hong Kong businessman Carson Yeung.
History
Registered in the Cayman Islands,[3][4] Grandtop International Holdings Limited (GIH), 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 is involved 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.
Birmingham City FC takeover
In 2007, GIH bought 29.9% of shares in the English 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 22 December. In Summer 2009, GIH made another offer to buy the club, taking full control from 1 October in an £81.5million deal.
It became the intention of Grandtop, subject to shareholder approval, to change the company name to 'Birmingham International Holdings Limited'.[5]
The ownership has changed over the years. In March 2011, new shares were issued (from 3,187,753,400 to 3,637,753,400), of which Yeung held 16.25%[6] and in April Yeung, through his British Virgin Islands (BVI) company, bought 315,000,000 shares from the public, meaning he owned 24.91%.[7] On 4 May, extra new shares - issued to independent third parties - made Yeung's ratio decrease to 23.3%.[8] However, 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.
On 4 June 2012, Birmingham International Holdings announced that former England footballer Steve McManaman and Yang Yuezhou had resigned as executive directors. The latter was also deputy chairman.[9]
References
- ^ "ACQUISITION OF SHARES BY A SUBSTANTIAL SHAREHOLDER" (PDF). Birmingham International Holdings. irasia.com. 12 May 2011. Retrieved 29 June 2011.
- ^ "2009-10 Annual Report" (PDF). Birmingham International Holdings (in English and Chinese). Retrieved 8 April 2011.
- ^ Grandtop International Holdings 2009 annual report[permanent dead link]
- ^ http://www.irasia.com/listco/hk/grandtop
- ^ "Archived copy". Archived from the original on 18 October 2009. Retrieved 2009-11-24.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help)CS1 maint: archived copy as title (link) - ^ "COMPLETION OF FULLY UNDERWRITTEN PLACING" (PDF). Birmingham International Holdings. Published by HKEXNews. 22 March 2011. Retrieved 8 April 2011.
- ^ "ACQUISITION OF SHARES BY A SUBSTANTIAL SHAREHOLDER" (PDF). Birmingham International Holdings. irasia.com. 14 April 2011. Retrieved 29 June 2011.
- ^ "COMPLETION OF FIRST TRANCHE OF BEST EFFORT PLACING" (PDF). Birmingham International Holdings. irasia.com. 4 May 2011. Retrieved 29 June 2011.
- ^ Yeung told to hand over Peak house The Standard. 5 June 2012.