Lu Kewen friend Beijing AustChina -More links to the state?
This is a continuation of my earlier post: "Lu Kewen friend Beijing AustChina ultimately a Chinese state-owned corporation? "(http://sahathevan.blogspot.com/2008/03/is-lu-kewen-friend-beijing-austchina.html)
Beijing AustChina is also referred to as AustChina Technology (see http://chinaconnections.com.au/news/view/?id=422). It appears to also go by the names Austchina Technology (Beijing)ann AustChina Information Technology Pty Ltd.
According to an ABR company search ,AustChina Information Technology Pty Ltd is a company whose shareholders are Phil Smith (4 shares @ $1 each) , and Tang Yui (6 shares @ $ 1 each).There are no charges recorded, and hence the company does not appear to have any borrowings.Hence, the company appears to be a corporate shell without the resources to conduct any form of business.
Tang Yui appears to be Ian Tang's Chinese name. It is a matter of public record that Phil Smith is a shareholder in Beijing AustChina, fully aware of its political contributions(http://www.news.com.au/story/0,23599,23406496-421,00.html?from=public_rss). Phil Smith's address in Warriewood is also the address of a fibre optic cable business, in which he is infrastrcuture manager(http://www.thehalogengroup.biz/memberdetails.php?id=32.
CONTRARY to what has been reported , Beijing AustChina or at least AustChina Information Technology Pty Ltd's principal place of business is not a suburban home in Warriewood (see Andrew Robb quoted at http://www.abc.net.au/pm/content/2008/s2194621.htm). According to the ABR company search, AustChina Information Technology Pty Ltd's registered office and principal place of business is Level 7, 68 Dixon St, Haymarket NSW 2000.
A simple Google search of that address has revealed the following information concerning political party donors, from the NSW Election Funding Authority website:
Summary of Electoral Expenditure Incurred and Political Contributions Received by Donors
Election: 2007 NSW State General Election
Election Day: Saturday 24 March 2007
Aust-China Pty Ltd (Beijing), Level 7, War Hing Building, 68 Dixon St, Haymarket NSW 2000
China TV & Film Consultant Australia Pty Ltd, Level 7, War Hing Building, 68 Dixon St, Haymarket NSW 2000
Liu, Jensen, Level 7, War Hing Blgd, 68 Dixon Street, Haymarket NSW 2000
CCTV, Level 7, War hing Bldg, 68 Dixon Street, Haymarket NSW 2000
(Located at http://www.efa.nsw.gov.au/__data/assets/pdf_file/0006/40884/Summary_of_Expenditure_Incurred_and_Contributions_Received_by_Donors.pdf)
Jensen Liu is the Australian distributor of TVB DVDs, and is reported to be Tang's Australian business partner ( see http://www.theaustralian.news.com.au/story/0,,23432780-2702,00.html?from=public_rss)
China TV & Film Consultant Australia is Liu's DVD distribution company (http://www.tvb.com/tvbi/global/australia.htm).
CCTV appears to be none other that the state-owned China Central Television.
A visit to the 7th Floor , 68 Dixon Street, on which the War Hing Building and the Golden Palace Hotel are located, has revealed that the entire floor comprises a small TVB DVD video rental outlet.
Therefore, CCTV and Austchina Technology , or Aust-China Pty Ltd (Beijing), share the same space. At the very least, CCTV has seen it right to provide the Aust-China Pty Ltd (Beijing) address as its own for the purposes of NSW Election Funding Authority disclosures.
CCTV news anchor and director of its English service Rui Chenggang refers to Kevin Rudd or Lu Kewen as a "devoted friend". The two appear to get along very well.
http://blog.sina.com.cn/ruichenggang AND www.cctv.com/english/rcg/story/profile.html
That Beijing AustChina should come within the sphere of influence of a media company despite its telecommunication business is not surprising for Beijing AustChina is linked to a media and cable TV company.
In December 2002 China Star Enterprises (CSE) acquired a 20.075% interest in
Beijing Austchina for HK$40 million.
(http://web6.masterlink.com.tw/project/hk/hk9212/China%20Star%20Entertainment%20Limited.pdf )
Via a series of transactions, CSE was acquired by a company formerly listed on the ASX, China Convergent Corp Ltd. China Convergent later changed its name to China Cable and Communications Ltd. This change of name came about after China Cable and Communications acquired the rights to operate the first foreign owned and operated cable television network in China.
The company then listed on the US OTC market, and its prospectus reveals that it is owned and controlled by Chinese nationals.The company is no longer listed on the ASX, and concerns have been raised about whether the directors and shareholders of the company have been involved in sharemarket manipulation.( see http://www.webb-site.com/articles/starway.htm).
Control of China Cable seems to have swung between two of its directors , Da-Xiang Zhang and (www.secinfo.com/d1Z1S9.155.htm)and Hong-Tao Li (www.secinfo.com/dUgwf.1d.htm);(See also http://finance.google.com/finance?q=OTC:CCCI).
Its is unlikely that China Cable would have been allowed access into the very tightly controlled cable TV sector in China, unless the company was already closely linked to the State. The CVs of both Da-Xiang Zhang and and Hong-Tao Li (see for example http://sec.edgar-online.com/2004/04/16/0001000096-04-000190/Section11.asp) suggest that these are men who have been picked to manage and front the company given their experience in managing businesses.
Ultimately it should be remembered that China's company law requires Chinese companies to establish a "board of supervisors", usually chaired by an employee representative from the All China Federation of Trade Unions, the country's only government-sanctioned union and an official from the company's internal Chinese Communist party committee (Source:Chinese boards’ structure ‘leads to confusion’,By Tom Mitchell in Hong Kong ,
Published: April 2 2008 18:43 in FT.com: http://www.ft.com/cms/s/0/b81b7dc2-00d0-11dd-a0c5-000077b07658.html?nclick_check=1)
Hence, in form or another, Chinese companies are state-controlled.
Given the fact that AustChina Information Technology Pty Ltd is a corporate shell, it does appear as if the company was merely a conduit for the financial contributions made to political parties and politicians in Australia, including the current Prime Minister and Treasurer.
Given state ownership if not control over AustChina Information Technology Pty Ltd and related entities it is reasonable to conclude that the funds were provided by the Chinese Government, if not payed under its direction. This was common practise in Malaysia where the ruling UMNO owned and controlled a number of large and small corporate entities.
Beijing AustChina is also referred to as AustChina Technology (see http://chinaconnections.com.au/news/view/?id=422). It appears to also go by the names Austchina Technology (Beijing)ann AustChina Information Technology Pty Ltd.
According to an ABR company search ,AustChina Information Technology Pty Ltd is a company whose shareholders are Phil Smith (4 shares @ $1 each) , and Tang Yui (6 shares @ $ 1 each).There are no charges recorded, and hence the company does not appear to have any borrowings.Hence, the company appears to be a corporate shell without the resources to conduct any form of business.
Tang Yui appears to be Ian Tang's Chinese name. It is a matter of public record that Phil Smith is a shareholder in Beijing AustChina, fully aware of its political contributions(http://www.news.com.au/story/0,23599,23406496-421,00.html?from=public_rss). Phil Smith's address in Warriewood is also the address of a fibre optic cable business, in which he is infrastrcuture manager(http://www.thehalogengroup.biz/memberdetails.php?id=32.
CONTRARY to what has been reported , Beijing AustChina or at least AustChina Information Technology Pty Ltd's principal place of business is not a suburban home in Warriewood (see Andrew Robb quoted at http://www.abc.net.au/pm/content/2008/s2194621.htm). According to the ABR company search, AustChina Information Technology Pty Ltd's registered office and principal place of business is Level 7, 68 Dixon St, Haymarket NSW 2000.
A simple Google search of that address has revealed the following information concerning political party donors, from the NSW Election Funding Authority website:
Summary of Electoral Expenditure Incurred and Political Contributions Received by Donors
Election: 2007 NSW State General Election
Election Day: Saturday 24 March 2007
Aust-China Pty Ltd (Beijing), Level 7, War Hing Building, 68 Dixon St, Haymarket NSW 2000
China TV & Film Consultant Australia Pty Ltd, Level 7, War Hing Building, 68 Dixon St, Haymarket NSW 2000
Liu, Jensen, Level 7, War Hing Blgd, 68 Dixon Street, Haymarket NSW 2000
CCTV, Level 7, War hing Bldg, 68 Dixon Street, Haymarket NSW 2000
(Located at http://www.efa.nsw.gov.au/__data/assets/pdf_file/0006/40884/Summary_of_Expenditure_Incurred_and_Contributions_Received_by_Donors.pdf)
Jensen Liu is the Australian distributor of TVB DVDs, and is reported to be Tang's Australian business partner ( see http://www.theaustralian.news.com.au/story/0,,23432780-2702,00.html?from=public_rss)
China TV & Film Consultant Australia is Liu's DVD distribution company (http://www.tvb.com/tvbi/global/australia.htm).
CCTV appears to be none other that the state-owned China Central Television.
A visit to the 7th Floor , 68 Dixon Street, on which the War Hing Building and the Golden Palace Hotel are located, has revealed that the entire floor comprises a small TVB DVD video rental outlet.
Therefore, CCTV and Austchina Technology , or Aust-China Pty Ltd (Beijing), share the same space. At the very least, CCTV has seen it right to provide the Aust-China Pty Ltd (Beijing) address as its own for the purposes of NSW Election Funding Authority disclosures.
CCTV news anchor and director of its English service Rui Chenggang refers to Kevin Rudd or Lu Kewen as a "devoted friend". The two appear to get along very well.
http://blog.sina.com.cn/ruichenggang AND www.cctv.com/english/rcg/story/profile.html
That Beijing AustChina should come within the sphere of influence of a media company despite its telecommunication business is not surprising for Beijing AustChina is linked to a media and cable TV company.
In December 2002 China Star Enterprises (CSE) acquired a 20.075% interest in
Beijing Austchina for HK$40 million.
(http://web6.masterlink.com.tw/project/hk/hk9212/China%20Star%20Entertainment%20Limited.pdf )
Via a series of transactions, CSE was acquired by a company formerly listed on the ASX, China Convergent Corp Ltd. China Convergent later changed its name to China Cable and Communications Ltd. This change of name came about after China Cable and Communications acquired the rights to operate the first foreign owned and operated cable television network in China.
The company then listed on the US OTC market, and its prospectus reveals that it is owned and controlled by Chinese nationals.The company is no longer listed on the ASX, and concerns have been raised about whether the directors and shareholders of the company have been involved in sharemarket manipulation.( see http://www.webb-site.com/articles/starway.htm).
Control of China Cable seems to have swung between two of its directors , Da-Xiang Zhang and (www.secinfo.com/d1Z1S9.155.htm)and Hong-Tao Li (www.secinfo.com/dUgwf.1d.htm);(See also http://finance.google.com/finance?q=OTC:CCCI).
Its is unlikely that China Cable would have been allowed access into the very tightly controlled cable TV sector in China, unless the company was already closely linked to the State. The CVs of both Da-Xiang Zhang and and Hong-Tao Li (see for example http://sec.edgar-online.com/2004/04/16/0001000096-04-000190/Section11.asp) suggest that these are men who have been picked to manage and front the company given their experience in managing businesses.
Ultimately it should be remembered that China's company law requires Chinese companies to establish a "board of supervisors", usually chaired by an employee representative from the All China Federation of Trade Unions, the country's only government-sanctioned union and an official from the company's internal Chinese Communist party committee (Source:Chinese boards’ structure ‘leads to confusion’,By Tom Mitchell in Hong Kong ,
Published: April 2 2008 18:43 in FT.com: http://www.ft.com/cms/s/0/b81b7dc2-00d0-11dd-a0c5-000077b07658.html?nclick_check=1)
Hence, in form or another, Chinese companies are state-controlled.
Given the fact that AustChina Information Technology Pty Ltd is a corporate shell, it does appear as if the company was merely a conduit for the financial contributions made to political parties and politicians in Australia, including the current Prime Minister and Treasurer.
Given state ownership if not control over AustChina Information Technology Pty Ltd and related entities it is reasonable to conclude that the funds were provided by the Chinese Government, if not payed under its direction. This was common practise in Malaysia where the ruling UMNO owned and controlled a number of large and small corporate entities.
Hi Ganesh, Iam a Financial analyst I have done a small research on chinese Board structure I would like to share with you.
ReplyDelete