Cu Masks 2/3: Background of the raw materials suppliers
Editorial note: the award of contracts to these two companies raises concerns that the HK-CCP government may have tried to benefit Beijing and Sai Wan’s vested interests in Hong Kong by using public money as political gifts to appease them.
Esquel Group
Ms Teresa Yang, the vice chairman of the group and chairlady of HKRITA claims that she ‘does not’ have any conflicts of interests because she obtains approval from ITB before purchasing the gauze attachment fabric for the CuMasks from Esquel Group and that she had disclosed her conflicts of interests with the board of directors. Esquel Group will charge the raw materials for the production of CuMasks at cost. Estimated amount is $3.8 million for 450,000 yards of fabrics.
Esquel group was formed by Shanghai textile merchant Yang Yuanlong in 1978. Their production facilities are in Mainland China, Malaysia, Mauritius, Sri Lanka and Vietnam. The current chairman is Marjorie Yang. Yang nominated Ms Carrie Lam-Cheng to run for Chief Executive Election in 2017. He was appointed to the Chief Executive’s Council of Advisers on Innovation and Strategic Development in the following year. Teresa Yang is the sister of Majorie Yang and current holding dual executive directorship positions at HKRITA and Esquel Group. She is also a member of the Committee on professional developments of teachers and principals under the Education Bureau.
Action Medical Sundries Ltd (ACM)
ACM has factories in Shenzhen and Nanchang. It specialises in manufacturing of SS non-woven fabric, SMS non-woven fabric, melt-blown non-woven fabric, and laminated non-woven fabric (under the entity National Bridge Industrial Holdings Ltd in China.) In a nutshell, ACM specialises in manufacturing of non-woven fabrics for hospital uniforms, shopping bags, disposable PE gloves and bed sheets. According to the website of HK Trade Development Sourcing page (Chinese), the managing director of Action Medical Sundries Ltd is Yang Ziran.
Further research conducted by HKCnews revealed that another company of the same group had enlisted twice among the twenty government-subsidised production lines for local made masks under the Anti-Epidemic Fund (that involves $30 billion public funding). ACM received two grants for the respective amounts of $3million and $2 million previously.
ACM is a subsidiary of PRC based National Bridge Holdings Ltd founded in 1985. Yang is the group chairman. Apart from this, Yang also holds multiple executive leadership positions at numerous Fujian associations of societies in HK including HK Fujian Association of Societies (director), Hong Kong Fujian Charitable Education Fund (Honourable Chairman). Fujian is Xi Jin Ping’s major powerbase in China. In additional to be part of Xi’s group, Yang is also part of the Liaison Office’s close linked interests group via the current Secretary of the PRC Liaison Office Luo Huining through his membership of the Chinese People's Political Consultative Conference Qinghai Province (the power base of Luo) and Qinghai Province related positions including Qinghai Hong Kong and Macau Association (Vice-chairman).
Source: HKCNews
#Xi #Fujian #EsquelGroup #ACM #AntiEpidemicFund #LiaisonOffice #Qinghai
Editorial note: the award of contracts to these two companies raises concerns that the HK-CCP government may have tried to benefit Beijing and Sai Wan’s vested interests in Hong Kong by using public money as political gifts to appease them.
Esquel Group
Ms Teresa Yang, the vice chairman of the group and chairlady of HKRITA claims that she ‘does not’ have any conflicts of interests because she obtains approval from ITB before purchasing the gauze attachment fabric for the CuMasks from Esquel Group and that she had disclosed her conflicts of interests with the board of directors. Esquel Group will charge the raw materials for the production of CuMasks at cost. Estimated amount is $3.8 million for 450,000 yards of fabrics.
Esquel group was formed by Shanghai textile merchant Yang Yuanlong in 1978. Their production facilities are in Mainland China, Malaysia, Mauritius, Sri Lanka and Vietnam. The current chairman is Marjorie Yang. Yang nominated Ms Carrie Lam-Cheng to run for Chief Executive Election in 2017. He was appointed to the Chief Executive’s Council of Advisers on Innovation and Strategic Development in the following year. Teresa Yang is the sister of Majorie Yang and current holding dual executive directorship positions at HKRITA and Esquel Group. She is also a member of the Committee on professional developments of teachers and principals under the Education Bureau.
Action Medical Sundries Ltd (ACM)
ACM has factories in Shenzhen and Nanchang. It specialises in manufacturing of SS non-woven fabric, SMS non-woven fabric, melt-blown non-woven fabric, and laminated non-woven fabric (under the entity National Bridge Industrial Holdings Ltd in China.) In a nutshell, ACM specialises in manufacturing of non-woven fabrics for hospital uniforms, shopping bags, disposable PE gloves and bed sheets. According to the website of HK Trade Development Sourcing page (Chinese), the managing director of Action Medical Sundries Ltd is Yang Ziran.
Further research conducted by HKCnews revealed that another company of the same group had enlisted twice among the twenty government-subsidised production lines for local made masks under the Anti-Epidemic Fund (that involves $30 billion public funding). ACM received two grants for the respective amounts of $3million and $2 million previously.
ACM is a subsidiary of PRC based National Bridge Holdings Ltd founded in 1985. Yang is the group chairman. Apart from this, Yang also holds multiple executive leadership positions at numerous Fujian associations of societies in HK including HK Fujian Association of Societies (director), Hong Kong Fujian Charitable Education Fund (Honourable Chairman). Fujian is Xi Jin Ping’s major powerbase in China. In additional to be part of Xi’s group, Yang is also part of the Liaison Office’s close linked interests group via the current Secretary of the PRC Liaison Office Luo Huining through his membership of the Chinese People's Political Consultative Conference Qinghai Province (the power base of Luo) and Qinghai Province related positions including Qinghai Hong Kong and Macau Association (Vice-chairman).
Source: HKCNews
#Xi #Fujian #EsquelGroup #ACM #AntiEpidemicFund #LiaisonOffice #Qinghai