Requesting the assistance in identifying the current issuer

[anenro]

Your assistance is requested.

One of my clients received this Certificate of Deposit from a relative and he is asking for help in finding the corporation that owes the money mentioned in this document.



I did some basic investigation and did not find a direct link to any current bank or securities house. Can anyone comment and guide me as to how this CD can be redeemed for payment?


The owner is holding about 10 more CDs amounting to $100M plus.

Thank you and best wishes to one and all.

[e-mail] 

[anenro]

                      Additional CDs

                                    

[typhoon]

Am not an expert; the signatures look funny

[anenro]

陈先生

In most cases, they write their names like this (see above). That's why the signatures look funny. Is because our way of writing is totally different than theirs.

[congregatio]

sorry but these are worthless, they are not from a bank, the company does not exist, you would have to do an in debt research but I believe these are fraudulent, at the time it was a common scam to create those and then sell them at a discount.

[enriquez]

Jun 15, 2018 8:55:49 GMT 4 congregatio said:

sorry but these are worthless, they are not from a bank, the company does not exist, you would have to do an in debt research but I believe these are fraudulent, at the time it was a common scam to create those and then sell them at a discount.

Thank you "congregatio" for sharing your comments with me. 

I have the following comments to share with the intent to expand on my inquiry.

1. Apparently, the issuer was bought out by Standard Chartered Bank (Hong Kong) and from there the name changed to Celestial Asia Securities "Holding Ltd."

2. I then found additional information which got me totally confused. This is what I found:


Celestial Asia Securities Holdings Limited, an investment holding company, provides investment and wealth management, home improvement, lifestyle, personal enjoyment, and mobile Internet services primarily in the People's Republic of China. Its Financial Services segment offers a range of financial products and services that include mobile and premium trading, investment banking and corporate finance advisory, wealth and asset management, etc., as well as operates FinTech, an investment platform. This segment also provides online and traditional brokerage of securities, futures, and options contracts, as well as mutual funds and insurance-linked investment products; and margin financing, money lending, and corporate finance services. The company's Retailing segment is involved in the sale of furniture, household items, and electrical appliances under the Pricerite brand name in Hong Kong. Its Online Game Services segment offers online games, mobile games, and IPTV interactive games; and online game auxiliary products and licensing services. The company also provides payment gateway and treasury management services, as well as holds properties. Celestial Asia Securities Holdings Limited is headquartered in Kowloon Bay, Hong Kong.

• cash.com.hk

• 852 2287 8888






Then, I tried to find more information on Mr. Hang Seng (the one signing the document), and I found this:

INVESTIGATION ON MR. HANG SENG (DIRECTOR)



Bank Profile and History

Founded in 1933, Hang Seng is one of Hong Kong’s largest listed companies. Our market capitalisation as at 31 December 2017 was HKD370.9 billion. In keeping with our name, which means "ever-growing" in Chinese, we are growing alongside our customers.

The Bank’s major business activities comprise retail banking and wealth management, commercial banking, and global banking and markets. The Bank also offers a comprehensive range of renminbi services.



Since our founding, our main focus has been the pursuit of excellence for our customers. In Hong Kong, our vast network of around 270 service outlets provides you with quality services.

Established in May 2007, wholly owned subsidiary Hang Seng Bank (China) Limited is headquartered in Pudong, Shanghai, and operates a mainland China network with outlets in the Pearl River Delta, the Yangtze River Delta, the Bohai Rim Region and midwest China.



We also maintain branches in Macau and Singapore and a representative office in Taipei.

Hang Seng Securities, a wholly owned Bank subsidiary, operates a securities investment advisory services joint venture – GZHS Research Co., Ltd. – in partnership with Guangzhou Securities Company in Guangdong province.

Hang Seng Bank and Shenzhen Qianhai Financial Holdings Company Limited established Hang Seng Qianhai Fund Management Company Limited, the Mainland’s first onshore foreign‐majority‐owned joint venture fund management company.

As a pioneer of premium service, our staff will always provide you with the personal attention and user-friendly banking you need.



Hang Seng Bank is a principal member of the HSBC Group, which is among the world's largest financial services organisations and holds a 62.14% equity interest in the Bank. The Bank offers investors in the United States a Sponsored Level-I American Depositary Receipts Programme.
                  

[congregatio]

in that case talk to Standard Chartered, if they did an asset deal or just a take over, in regards of a regular take over they took the whole thing with all the claims, in an asset deal they may just have left the husk with the obligations, if they kept it separate than they may not share the liability, you may find that there are all empty shells, in order to get to the bottom of this you need to follow the money and the acquisitions, I still think its empty and fr a reason but anyway, beside not every Hang Seng is related to the Hang Seng Bank and money

[enriquez]

 

UPDATE:
We have reached the conclusion, all the CDs issued by this outfit are fake. According to the date of issue, they were created by someone who did not care to put attention to the details. The date of issue was either a Saturday or a Sunday. They are fake documents. 

[alanbond]

remember those international certificate of deposit from the Marcos files, they were all fake, what gave it away was the color they used which was not available at the time of issue on the paper ;-)