NEPTUNE GROUP LIMITED
As a side note, Chen Zhi’s Big Bro, Hu Xiaowei’s stake in HKE Holdings was ultimately sold to an entity linked to Cheuk-chiu Lin, the controlling figure behind Neptune Group Limited ( widely known in industry circles as the “junket king of offshore gaming.” The buyer was his son, Ho Man Lin.
Lin Ho Man acquired HKE Holdings through Flourish Nation Enterprises Limited, with the apparent objective of pivoting into crypto-related businesses.
Doesn't this plot seem incredibly familiar?
Public records indicate that in the 1990s, Lien Cheuk-chiu was involved with the Hong Kong triad society "Lee Chun"., initially through casino junket operations and smuggling activities in Macau.
In the late 1990s, Lien Cheok Chao and Zhang Zhitai began jointly operating the offshore casino vessel “Neptune.”
In 2005, the Lin family and Zhang Zhitai (Jumbo Boom Holdings Limited ) took control of a HKEX–listed company previously owned by Edward Chen, the father of Edison Chen.
They subsequently injected their flagship “Neptune” gaming vessel into the listed entity, rebranding it as Neptune Group ( thereby establishing a foothold in the capital markets.
Both Cheuk-chiu Lin and his son hail from the Chaoshan region, a network long associated with tightly knit business circles.
The Neptune cruise ship is the dream destination for many Chaoshan tycoons, bar none.
According to a 2002 criminal judgment issued by the Jiangmen Intermediate People’s Court, several individuals—including Yan Xilong, Lian Yuqi, Chen Dekun, Xu Liexiong, and Yan Xiaowu—were convicted of illegal business operations related to underground banking and money laundering activities.
In that same judgment, Cheuk-chiu Lin and Hong Kong auto dealer Lin Yiming were identified as primary financiers behind the underground banking network but were listed as “handled separately,” allowing them to avoid prosecution at the time.
In 2008, Cheuk-chiu Lin was thrust back into the spotlight for allegedly laundering at least 800 million RMB for Huang Guangyu.
Many people were imprisoned in Huang Guangyu's case that year.
In November 2008, Huang Guangyu was charged in Beijing, remaining tight-lipped; while Cheuk-chiu Lin was charged in Xiamen in December 2008, after which he reported several people.
Subsequently, Cheuk-chiu Lin quietly returned to Hong Kong and disappeared from public view.
@BBCWorld @BBCBreaking @WSJ @business @nytimes @cnni @Reuters @Forbes @TIME @TheEconomist @UN @AP @washingtonpost @MarketWatch @WSJecon @FAANews @NTSB_Newsroom @FoxNews @FT @YahooFinance @SkyNews @NBCNews
@thejusticedept @fincennews
@ukhomeoffice @nca_uk @govuk
@ica_singapore @govsingapore @MFAsg