Co. says the guilty verdict of Carson Yeung, a former director and current shareholder, on charges of money laundering in “no way affects the normal business operations of the company and its subsidiaries,” according to a statement to Hong Kong stock exchange. NOTE: Birmingham Soccer Team Owner Convicted of Money Laundering (1) NSN N1UHDA6JTSF2 <GO>
Birmingham International Holdings Ltd., owner of English soccer team Birmingham City, said that Carson Yeung, awaiting the result of a money laundering trial in Hong Kong, resigned as an executive director and chairman.
Birmingham International Holdings Ltd., owner of English soccer team Birmingham City, plans to issue HK$190.1 million ($24.5 million) of bonds to Chairman Carson Yeung in a deal to remove the club’s debt owed to him.
Hong Kong’s High Court overruled a lower court decision allowing Birmingham International Holdings Ltd. Chairman Carson Yeung to leave Hong Kong while on bail, according to Yeung’s lawyer Clive Grossman.