May Yan WANG

Fun with the Companies Office Website

New Zealanders and the MSM seem focused on the 20% of UBNZ Asset Holdings Limited owned by Natural Dairy Holdings (NZ) Limited. It is somewhat of a smokescreen at this point of needing OIO approval. I like looking at big numbers, like the other 80% of the transaction:

UBNZ Trustee Limited (formerly called UBS Trustee Limited - wonder if the real UBS got a bit tiffy about this) is owned by May Yan WANG in 4 share parcels.

40
30
15
15

UBNZ Funds Management is owned by May Yan WANG in 4 share parcels of (ergh) equal percentage splits. Strangely enough:

4,000,000
3,000,000
1,500,000
1,500,000

Because Chinese like their shares in B.I.G numbers. They also like offshore companies (their favourite place being the BVI) and prior to 16 November 2009 and then another tranch at 22 January 2010 these shares in UBNZ Funds Management Limited and UBNZ Trustee Limited were all owned by British Virgin Island companies with such great names that only Chinese could request from you - Quality Index Limited, Wonder Effort Limited, Progress Great Limited and Wonder Effort Limited. They were then transferred to WANG.

WANG has remained a director of these companies through out their incorporation. That is she will know the ultimate beneficial owners throughout their existence.

Remember there is NO advantage to a New Zealand tax resident in owning a British Virgin Islands company thanks to the worldwide source tax rules that sees a New Zealand tax resident requiring to declare all income from that offshore company. All owning one does is provide a layer of secrecy based on the lack of a publicly searchable register in the BVI.

UBNZ Trustee Limited owns 80% of UBNZ Asset Holdings Limited, 20% is now owned by Natural Dairy (NZ) Holdings Limited. According to media reports UBNZ Funds Management is the entity trying to buy the Crafar farms and UBNZ Asset Holdings is raising funds for this.

May Yan WANG doesn't need OIO approval to buy land in New Zealand.

So tell me she isn't holding those 4 share parcels as technically a nominee shareholder for four investors who need OIC approval who wish to keep their identities secret but have call options or other side agreements with Wang to buy those shares back anytime they like or to have her own them but to milk back the profits from them?

The number one rule with Chinese is that they do not under any circumstances wish to lose control of a transaction. The Chinese I am talking about here are the ultimate beneficial owners of the shares in these two companies.

And tell me from a structuring point how darn sloppy that is? May Yan WANG I am calling it now is the surrogate mother to this sloppy deal for four unequally split parcels of shares.



Kerry Knight her lawyer is saying that Wang is owning these shares in trust on behalf of four New Zealand business people. Who? And what sort of trust? If they are from New Zealand why won't they front with their names? They don't need WANG for this part of the transaction as if New Zealanders they can declare their names right here and now to the public.

The rest, on paper, belongs to Chinese-born May Wang who Mr Knight said represented a trust owned by four New Zealand business people.

There are ways to get around needing OIO approval but this one is SO much taking the piss it isn't funny. No New Zealand businessmen with any a) credibility or b) funds of that magnitude would deal with WANG after her previous failures that are available for all to search online in the google engine.

If they were to structure this transaction a New Zealander would use Kerry Knight as a New Zealand registered solicitor to be the trustee you think? Why would they use WANG as a trustee? A businesswoman of dubious background?

Find May Yan WANG New Zealand repeaters and ask her straight up:

1. Who she is holding those unequal parcels in trust for? Front up with these "New Zealand Businessmen".
2. Are they foreign investors who otherwise would need OIC approval as they are not NZ passport holders?
3. Then slap her in the face for being a daft bint. She couldn't structure her way out of a paper bag and won't have listened to New Zealand legal advice to do this properly.
4. Worst still she's pulled in a token Maori - (Sir) Ralph (Ngatata) Love to give it some regal credibility. Was Tuku Morgan not available at short notice?

Can we start a book right now on the Kiwiblog affiliated betting site that this is going to end in tears? It won't get OIO approval.