8 February 2012

Hon lightens his load

14/08/2007 Robert Tyerman

Entrepreneur Dr Johnny Hon has left two of his PLUS floats, but remains chairman of Chinese lottery operator Betex.

Hong Kong barrister Hon, who is vice-chairman of Cambridge United Football Club, brought credit card specialist Oriental City and e-marketing hopeful Silverback Media to PLUS, but has since left the boards of both to focus on other tasks. He still chairs two other PLUS ventures, Global Education and Global Entertainment, as well as AIM-quoted Betex.

Floated last year at 34p, Betex shares quickly surged to 80p. They have since fallen back to 32.5p following accusations of ‘illegal gambling’ made by the Chinese authorities against key local staff.

Sector: General Financial

Companies: Betex

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