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2016-08-23 Read Article | TrustSetup.com.hk


AGL Trust Announcement to Members

Published on August 23, 2016 11:29

Dear AGL Trust Member,

In order for you to understand the current situation of the AGL Trust, along with your personal AGL Trust accounts, we would like to provide the following update:

  1. The AGL Trust has completed the sign-up phase, and over 99% of beneficiaries have been verified and able to access their accounts.
  2. We apologize to Members for the delays in sorting out data systems; as well, much of the data submitted to the Trustee required substantial editing.
  3. As Members will remember, there is a 2% Assets Under Administration (AUA) fee to be charged on assets sold which are held under the Trust. 

An example follows:  Assume 10,000 shares are sold, and the shares have a market value of US2.00/share.  The AUA fee calculation would be:

AUA: 10,000 x $2 = $20,000 
AUA fee: $20,000 x 2% = $400

As Members do not currently have access to trade their shares, a US $20.00 monthly advance on the AUA fee is being charged,  billable every six months, or USD 120.00 on a half-yearly basis.

Upon the achieving liquidity, Members will be billed the AUA of 2% on total value of sold assets, less the AUA payments already advanced.

  • Invoices for this fee have just been issued.
  • The balance of the AUA fee which has been accumulated will be charged once there is liquidity in the Members’ share accounts.  Members will be offered the option to pay this balance in cash, or have the Trustee liquidate shares to cover it at that time.
  1. A new on-line interface system – to be implemented next month - will give the Members access to their personal profile, as well as to access the cash and share accounts, initially for balances only.  Once this new system is implemented, we will be emailing all members asking them to review and if necessary update their personal information. Clients will be able to correct any information on their personal profiles as necessary.

Important Information for Trust Members

  • The Trustee is not an affiliate of the Sponsor AGL, and its role in this Trust is to hold title to assets belonging to the Members, and to facilitate the delivery of shares through the securities placed in our Trust.
  • The Trustee is not responsible for trading or dealing in the underlying shares, and is responsible primarily for ensuring that the title to your property is secure.
  • The Trustee cannot offer any guarantee as to the value of your shares. Our Fiduciary Duty is to act in the best interest of our Members. 

progress of the NYSE Project

  • The process is taking longer than we would like, and the Sponsor assures us that the processes are on track: they also have been frustrated by the delays.
  • Each step of the process is subject to regulatory approval by the New York Stock Exchange.  As well, the US Securities and Exchange Commission requires support for all independent valuations.
  • Once again, the Trustee cautions all Members to refrain from publishing materials on internet sites, as well as to ignore any unofficial communications which may be circulated.
  • The most important news is that the first of a series of asset injections was completed recently, and there are more asset injections on the way.

As information is finalized, we will publish it. When this occurs, you will see it first on the AGL Trust Website.

Sincerely,
Legacy Trust Company Limited


FAQ

Why do we need to pay?
A Trust is a legal entity that owns assets on behalf of Members for safekeeping. The Trustee manages the assets that are in the trust and provides services to the Trust Member. The Trustee charges fees to cover overall expenses for administering the Trust, which are set out in the Membership Agreement. The Trustee had previously announced a "fee holiday" for AGL Trust Members until April 1st, 2016, and is just now starting to collect the Maintenance Fee that will be credited towards any AUA Payments in the future. 

What is the Account Maintenance Fee and how is the 2% AUA fee calculated and when will I be charged?

An example follows:  Assume 10,000 shares are sold, and the shares have a market value of US2.00/share.  The AUA fee calculation would be:
 

AUA: 10,000 x $2 = $20,000 
AUA fee: $20,000 x 2% = $400

As Members do not currently have access to trade their shares, a US $20.00 monthly advance on the AUA fee is being charged, and is the Account Maintenance Fee. This Fee is billable every six months, or USD 120.00 on a half-yearly basis.

Upon the achieving liquidity, Members will be billed the AUA of 2% on total value of sold assets, less the AUA payments already advanced.

When will the shares be sold?
The date at which shares be sold has not been announced yet.

What will happen to the members if not pay the fee?
Your Trust account will be suspended and access to services will be limited. 

What specific services do you provide?
The services provided by the Trustee include: the collection and receipt of Member contributions; exercising control over the investments and any accrued benefits; receiving and dealing with inquiries and complaints by scheme members; keeping and retaining records in respect of Trust Members; preparing statements of accounts; providing AML and KYC compliance services; and Fiduciary Duties of Trustees relating to the governing rules of Trust.


IMPORTANT NOTICE: PLEASE READ

Legacy Fiduciary Services Limited ("LFS") is solely to act as the Trustee of AGL Trust, whose role is to hold title to assets on Members’ behalf and to ensure that such title to Members’ property is secure.  LFS does not give advice on investments, nor does it give advice on investments within or without AGL Trust.   The decision to proceed with any investment is yours and yours alone.   LFS expressly disclaims any liability whatsoever for any loss, howsoever arising from any investment made by your own decision.  

It has come to our attention that a series of announcements (the "Announcements") were made by an entity called "The Shareholders Committee" to our AGL members through a website (http://www.sharenews2u.com/) recently.   Please note that LFS does not work with The Shareholders Committee and is not now, nor ever has been an affiliate of The Shareholders Committee.  LFS has no involvement in any activities stated in their Announcements nor their proposed share offering plan to you.   LFS take no responsibility for the contents of its Announcements, makes no representation as to their accuracy or completeness, and expressly disclaims any liability whatsoever for any loss howsoever arising from, or in reliance upon the whole or any part of the contents of their Announcements to you.   We suggest that you seek professional investment advice before making any investment with The Shareholders Committee.   LFS will take no responsibility for any Member’s decision on investments, including purchasing shares from any entity or platform provided, introduced by or associated with The Shareholders Committee.

Attachments


https://trustsetup.com.hk/en/news-and-announcements/read/agl-trust-announcement-to-members/

Peter Adam | LinkedIn


Peter Adam
Director - Legacy Fiduciary Sdn Bhd
Kuala Lumpur, Malaysia | Financial Services





Summary

Current: Legacy Fiduciary Sdn Bhd, Marathon Capital Management Limited, Alternatives Plus Limited
Previous: Foundations Capital Limited, Stillwater International Enterprise Limited, Annam Asia Limited
Education: St Peter's School, York

I have over 32 years experience in the Financial Services industry,with the last 20 years spent working in Asia. I have extensive Executive/Director level experience in Insurance & Asset Management

Specialties: Sales & Marketing, Operational Development, Sales Management, General Management



Experience

Director, Legacy Fiduciary Sdn Bhd
January 2016 – Present (6 months) | Kuala Lumpur, Malaysia
Legacy Fiduciary Sdn Bhd is a wholly owned subsidiary of Legacy Trust Company Limited, a registered trust company in Hong Kong and a related company of Legacy Fiduciary Services Limited, also of Hong Kong.

Legacy Fiduciary Sdn Bhd acts as a Trustee on behalf of Legacy Trust Company Limited holding various Malaysian properties and shares of Malaysian companies. In addition, the company acts as the agent for the suite of retirement and trust programs of Legacy Trust Company Limited and Private Label Trusts under Legacy Fiduciary Services Limited.

Regional Director - South east Asia, Marathon Capital Management Limited
January 2016 – Present (6 months) | Kuala Lumpur, Malaysia
We design transparent, compliant, tax-efficient investment structures for high net-worth individuals and institutions. We strive to meet the sophisticated needs of institutional clients by fully addressing their often intricate risk guidelines, investment horizons, and return requirements. We also offer superior solutions to high net-worth individuals by extending tax advantages to jurisdictions beyond Hong Kong. By combining its unique entrepreneurial culture with a wide variety of capital planning and administrative services, Marathon is well positioned to become a financial industry powerhouse.

Owner/Director, Alternatives Plus Limited
November 2011 – Present (4 years 8 months) | Kuala Lumpur, Malaysia
A Plus is a specialist distributor of alternative strategy offshore funds on a global basis.

A Plus is committed to ensuring that professional advisers and intermediaries are able to access a quality range of non-correlated alternative strategy funds. All our funds represent best of breed offerings designed to enhance any well balanced investment portfolio.

Director, Foundations Capital Limited
April 2007 – November 2011 (4 years 8 months)

Head of Distribution - Asia Pacific, Stillwater International Enterprise Limited
October 2010 – October 2011 (1 year 1 month)

Freelance Consultant/MD, Annam Asia Limited
June 2005 – April 2007 (1 year 11 months)

Sales & Marketing Director, Pacific World Asset Management
April 2004 – June 2005 (1 year 3 months)

Compliance Manager, Towry Law International
June 2002 – April 2004 (1 year 11 months)

Sales & Marketing Director, Circus Capital (Asia) Limited
May 2001 – June 2002 (1 year 2 months)

Director, Croft Le Brun Ltd
December 1999 – May 2001 (1 year 6 months)

Sales & Marketing Director, AXA group & Asset Management
1996 – 1999 (3 years)

Branch Manager, Albany Life Assurance Limited
1989 – 1996 (7 years)



Skills

90Financial Services
63Strategy
51Investment Advisory
49Investment Strategies
43Alternative Investments
43Finance
31Financial Planning
27Financial Advisory
21Wealth Management...
19Mutual Funds



Education

St Peter's School, York
1961 – 1972

St Peter's School York (AD 627)



Recommendations

Owner/Director, Alternatives Plus Limited
Peter is a highly motivated and experienced professional. He is a talented and captivating communicator and an excellent business partner.
March 2, 2009, Mark reported to Peter at Alternatives Plus Limited

Peter is extremely friendly and focus on total customer relationship, his is very professional at work but is also very friendly outside work, I highly recommend his product... Alice Chan, Senior Adviser, Financial Partners, Hogn Kong and Japan
February 19, 2009, Alice was with another company when working with Peter at Alternatives Plus Limited

I have known Peter for over 18 months and in that period I have found him very helpful, he conducts himself very professionally and has vast amounts of knowledge and experience when ever discussing financial matters. His man managements skills appear to be second to none and always appear to have a smile on his face. I hope to have a long term working relationship...more
February 19, 2009, Alan was with another company when working with Peter at Alternatives Plus Limited

Compliance Manager, Towry Law International
I met Peter when he was compliance officer in late 2003 during a very difficult time for the company. As a result he was probably one of its hardest working employees. The role required considerable patience, tolerance, and painstaking investigation not to mention an attention to detail and accuracy that would have dampened most spirits. He pushed on regardless - testimony...more
August 24, 2007, Jim worked directly with Peter at Towry Law International

Sales & Marketing Director, AXA group & Asset Management
I have known Peter since 1997 when I joined AXA Sun Life International from AXA Equity & Law International. Subsequently, we formed Croft LeBrun Ltd together in 1998. More recently, Peter and I worked together at Towry Law International. I have greatly enjoyed the time I spent on projects with Peter. His presentation skills are probably the best I have ever witnessed...more
August 12, 2007, Jonathan worked with Peter at AXA group & Asset Management


https://www.linkedin.com/in/peternadam

Read Article | TrustSetup.com.hk


Announcement: AGL Timeline update

Published on March 7, 2016 14:17
Dear AGL Trust Beneficiary,

We are sending you this communication to keep you up-to-date with all of the latest news and developments in regard to AGL Trust.
 
Mar 7th, 2016:
Distribution of printed Trust certificate will be discontinued. Legacy has drawn upgrade plan for its IT facility, soon members will be able to obtain their Trust Certificate through online platform. It will be more convenient for members to access their Trust Certificate- anytime and anywhere with internet connections.
 
April 30th, 2016:
Deadline for completion of all Online trust sign ups and receipt by the Trustee of all required documentation and payments. Accounts where either payment or documentation (Incomplete application details, failure to provide certified copies of photo ID and proof of residence) is not completed, will be forfeited (lose their share positions) and will not be included in the total allotment of shares to be distributed under the current ROGP distribution.
 
May 1st, 2016:
Announcement of the ratio of Cabaran Ultima Group Inc. NYSE shares to ROGP shares to be allocated to the trust beneficiaries will be made. Members will be allocated ROGP shares based on their membership positions.
 
No allotted position is final until such time as each member has fully completed their sign-up process to the satisfaction of the Trustees and accepted unconditionally as a beneficiary. As stated above, incomplete or missing sign-ups will forfeit all shares if not complete by 12:00 Midnight April 30, 2016. On May 1, 2016 the final total distribution under the ROGP offer will be final and from there the final ratio of ROGP shares to NYSE shares will be announced.
 
May 1st, 2016:
Digital Trust certificates and welcome letter will be accessible on the ITS system. Every AGL member with an approved Trust account will have access to Digital Trust Certificate and supplementary documents to welcome packages through online platform.
 
We would like to remind all AGL member that it is unnecessary to have a printed Trust certificate in order to access their Trust account.
 
Others: 
For people trying to look up the company, based on the intended name Cabaran Ultima Group Inc., the trading symbol and company name of the NYSE Company is being kept under wraps for the time being to avoid the potential of insider trading. It can be anticipated that an announcement will be made when the final name change has taken effect and all information has been announced publicly.
 
Your Sincerely,
Legacy Trust Company Limited
 
 


https://trustsetup.com.hk/en/news-and-announcements/read/announcement-agl-timeline-update/

7 Mar 2016 AGL Timeline update

www.trustsetup.com.hk

Announcement: AGL Timeline update

Published on March 7, 2016 14:17

Dear AGL Trust Beneficiary,

We are sending you this communication to keep you up-to-date with all of the latest news and developments in regard to AGL Trust.

 

Mar 7th, 2016:

Distribution of printed Trust certificate will be discontinued. Legacy has drawn upgrade plan for its IT facility, soon members will be able to obtain their Trust Certificate through online platform. It will be more convenient for members to access their Trust Certificate- anytime and anywhere with internet connections.

 

April 30th, 2016:

Deadline for completion of all Online trust sign ups and receipt by the Trustee of all required documentation and payments. Accounts where either payment or documentation (Incomplete application details, failure to provide certified copies of photo ID and proof of residence) is not completed, will be forfeited (lose their share positions) and will not be included in the total allotment of shares to be distributed under the current ROGP distribution.

 

May 1st, 2016:

Announcement of the ratio of Cabaran Ultima Group Inc. NYSE shares to ROGP shares to be allocated to the trust beneficiaries will be made. Members will be allocated ROGP shares based on their membership positions.

 

No allotted position is final until such time as each member has fully completed their sign-up process to the satisfaction of the Trustees and accepted unconditionally as a beneficiary. As stated above, incomplete or missing sign-ups will forfeit all shares if not complete by 12:00 Midnight April 30, 2016. On May 1, 2016 the final total distribution under the ROGP offer will be final and from there the final ratio of ROGP shares to NYSE shares will be announced.

 

May 1st, 2016:

Digital Trust certificates and welcome letter will be accessible on the ITS system. Every AGL member with an approved Trust account will have access to Digital Trust Certificate and supplementary documents to welcome packages through online platform.

 

We would like to remind all AGL member that it is unnecessary to have a printed Trust certificate in order to access their Trust account.

 

Others: 

For people trying to look up the company, based on the intended name Cabaran Ultima Group Inc., the trading symbol and company name of the NYSE Company is being kept under wraps for the time being to avoid the potential of insider trading. It can be anticipated that an announcement will be made when the final name change has taken effect and all information has been announced publicly.

 

Your Sincerely,

Legacy Trust Company Limited

 

 


https://trustsetup.com.hk/en/news-and-announcements/read/announcement-agl-timeline-update/

Read Article | TrustSetup.com.hk


Announcement: AGL Trust Plan of Distribution

Published on February 26, 2016 16:46

HONG KONG — February 26, 2016 — This announcement, made by Legacy Fiduciary Services Limited, the Trustee of AGL Trust, provides further detail on the distribution of shares to the Beneficiaries of AGL Trust, and how it may be carried out in practice.

The Trustee has established Trust allotments of shares for each potential Beneficiary as identified to the Trustee by Amazon Gold Limited (AGL), and the plan of distribution covers shares which have currently been issued and have either been or are in the process of being delivered to the Trustee under the Trustee’s title. The Trustees have the undertaking of all titleholders to complete the process of re-registering the shares under the Trustee’s title. The final number of shares, which will be distributed to the Beneficiaries under the Trust, cannot be finally known until such time as the sign-up process is complete. The final deadline for Beneficiaries to complete the process is midnight, Hong Kong time, April 30th 2016. No Beneficiary should assume that their share position is final until they have completed the sign-up process to the satisfaction of the Trustee.

Due to the timing of the issuance of shares by the company, under US securities rules, a portion of the shares have cleared the legend (S10 Restrictions) on the shares. Other Certificates issued recently or yet to be issued will carry their own one-year legend. For this reason, each Beneficiary will be allotted shares from each issuance to ensure that all Beneficiaries are on an equal footing. Beneficiaries may not wish to receive certificates or transfers of restricted shares. Shares currently clear of the legends represent about 22% of the total shares eligible to be allotted to Beneficiaries. Restriction periods and legends are required and applied under US Law, therefore the Trustee has no ability to waive or modify such restrictions.

The Trust would suggest that Beneficiaries hoping to go to the market for liquidity should not order certificates or delivery of more than 20% of the shares allotted to their accounts. If a Beneficiaries wish to have all of their shares delivered under one certificate, then to ensure fairness to all Beneficiaries, all of the shares on the one certificate will be restricted shares.

In regard to distribution of Royale Globe Holding Inc. ("ROGP") shares, AGL Trust Beneficiaries’ attention is drawn to the following important points:

  1. The Trustee holds the title of the shares of ROGP on behalf and to the ultimate benefit of the AGL Trust Beneficiaries.
  2. The Settlor has provided the Trustee with the list of Beneficiaries as well as the benefit amount in shares of ROGP, to be allocated for each Beneficiary. The account balances are available once Beneficiaries sign in to the website through the online portal.
  3. Due to the nature and timing of how the ROGP shares have been allotted to the Trustee, there are various restrictions and conditions that apply to the ROGP shares held by the Trustee, as set forth by United States Securities and Exchange Commission.
  4. The Trustee will act to distribute the shares of ROGP held under the AGL Trust Deed so that all beneficiaries are on an equal footing as to the status of the shares based on their restriction periods. The shares continue to be held under the trust. However, at the Beneficiary’s discretion and expense, the shares can be either transferred into a brokerage account of your choice, or issued as a paper share certificate.

4.1. Beginning from February 26, 2016 the Trustee will start accepting initial requests for the delivery of shares for Beneficiaries:

4.1.1. As set forth by the transfer agent and registrar Empire Stock Transfer Inc., the cost of DWAC Confirmation & Electronic Delivery is US$125 and printing a paper share certificate   is US$60;

4.1.2. Before submitting a transfer request, please verify with your broker that they are able to accept paper certificates or DWAC Confirmation & Electronic Delivery. Third party expenses including Empire Stock Transfer fees are borne by the Beneficiaries on an "at cost basis." All internal administrative and other costs of such issuances to the Trustee are carried as part of the fees paid by the Beneficiaries to the Trustees.

4.2. Furthermore, it is announced that the Beneficiaries are allowed to transfer their beneficial ownership of shares to another Beneficiary within the AGL Trust in exchange for consideration (payment). The transferor and transferee must negotiate the transfer of beneficial ownership of ROGP shares, notify the Trustee of their intent, and conduct the transaction within the bounds of the Trust. Any monies paid in consideration of the transfer of beneficial ownership must be deposited into the Beneficiary’s Trust Deposit Cash Account. The Trustee reserves the right to judge the adequacy of the consideration payable and the terms under which the transfer will be executed.

Under the law, Trustees’ Customer Due Diligence and Anti-Money Laundering policies require that we obtain, verify, and record information that identifies each Beneficiary. The Trustee wishes to remind the Beneficiaries that it is very important that they submit a properly completed application along with supporting documents to avoid unnecessary delays during Trust Account opening or share transfer requests. The Trustee uses the information you provide to assist in confirming your identity and to help the government fight the funding of terrorism and money laundering activities. All documents provided for this purpose must be certified copies of the original documents. Additionally, we will take certain steps to verify your identity and the Trustee reserves the right to ask for any additional documentation, as deemed necessary.

 

Again, your trust account will not be fully active nor your beneficial interest in the shares final until you have fully completed the Trust Account opening procedure and submitted all the documents as prescribed by the Trustee. While all the Beneficiaries have the rightful claim to the ROGP stock as allocated by the Settlor, all Beneficiary accounts shall remain "locked" until necessary AML documents have been provided. As we are committed to safeguarding our Beneficiaries’ assets, we regret that no transaction within Trust Accounts can be executed until AML and KYC verification have been obtained. The Final deadline for the completion of the sign-up and registration process will be April 30, 2016. Any Beneficiary who has not completed the sign-up and registration process by Midnight of April 30th 2016 will forfeit the offer of the shares.

Many Beneficiaries have joined AGL Trust on the journey so far and we feel privileged to have received such a large number of new Beneficiary applications over past few months. Our goal is to always provide excellent service and we are working hard to do so. We look forward to working with the Beneficiaries in the ongoing distributions.

Sincerely,


Douglas R. E. Wilson
Legacy Fiduciary Services Limited


https://trustsetup.com.hk/en/news-and-announcements/read/announcement-agl-trust-plan-of-distribution/

GOLDEN BULL CAPITAL HOLDINGS LIMITED - (Marathon group company)


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Historical Events

Date Description
2015-07-25 update website_status DomainNotFound => OK
2015-07-25 insert about_pages_linkeddomain thehfa.org
2015-05-28 update website_status OK => DomainNotFound
2015-04-01 delete source_ip 206.161.218.43
2015-04-01 insert source_ip 110.4.45.98
2015-02-22 delete address Suite 2001, 20th Floor, World Wide House, 19 Des Voeux Road Central, Central Hong Kong
2015-02-22 delete fax +852 3669 8008
2015-02-22 delete phone +852 3669 8008
2015-02-22 insert address 20/F International Finance Centre, 1 Harbour View Street Central, Hong Kong S.A.R
2015-02-22 insert alias Golden Bull Capital Holdings Limited
2015-02-22 insert alias The Golden Bull Capital Holdings Limited
2015-02-22 update primary_contact Suite 2001, 20th Floor, World Wide House, 19 Des Voeux Road Central, Central Hong Kong => 20/F International Finance Centre, 1 Harbour View Street Central, Hong Kong S.A.R


https://www.aihitdata.com/company/01870BC9/GOLDEN-BULL-CAPITAL-HOLDINGS-LIMITED/history