{"id":8857,"date":"2020-08-11T00:44:53","date_gmt":"2020-08-11T00:44:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=8857"},"modified":"2026-04-24T02:54:09","modified_gmt":"2026-04-24T05:54:09","slug":"share-prices-force-ipi-executive-director-to-sell","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/share-prices-force-ipi-executive-director-to-sell","title":{"rendered":"Share prices force IPI executive director to sell"},"content":{"rendered":"\n

Cui Li Jie remains IPI’s main stakeholder. Less than 2 per cent of issued capital has changed hands.<\/p>\n\n\n\n\n\n\n\n

Hong Kong.- A recent fall in Imperial Pacific International (IPI) stock prices have forced its executive director and majority shareholder Cui Li Jie to divest in the casino operator.<\/p>\n\n\n\n

IPI has made a voluntary announcement to the Hong Kong Stock Exchange saying it had been notified of the change by Inventive Star Limited, a company wholly-owned by Jie, which made the recent sale of stocks.<\/p>\n\n\n\n

Inventive Star said the trading price of IPI\u2019s shares has dropped and “triggered the enforcement of margin financing. \u201d There were forced sales of an aggregate of 72,000,000 shares, representing approximately 0.05 per cent of IPI\u2019s issued capital.<\/p>\n\n\n\n

Inventive Star also sold another 2,132,600,000 shares from its stake in the Saipan casino operator, representing another 1.49 per cent of its capital. \u00a0<\/p>\n\n\n\n

The firm said that as a result of these two operations, Inventive Star\u2019s stake in IPI was lowered from 63.47 per cent to 61.93 per cent, meaning it remains the controlling stakeholder.<\/p>\n\n\n\n

IPI shares hit a low of HK$0.010 (US$0.001) as of Sunday night, having fallen from a high of HK$0.101 (US$0.013) on January 9.<\/p>\n\n\n\n

IPI has been fighting several legal battles with providers<\/a><\/em><\/strong> as well as the Northern Mariana Islands’ government<\/a><\/em><\/strong> in relation to the construction of its Saipan integrated resort.<\/p>\n\n\n\n

Executives were recently accused of infringing labour laws<\/a><\/em><\/strong>, although the company has siad it has no connection to the accusations.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cui Li Jie remains IPI’s main stakeholder. Less than 2 per cent of issued capital has changed hands.<\/p>\n","protected":false},"author":2,"featured_media":8859,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Cui Li Jie, the majority shareholder of Imperial Pacific International (IPI), was compelled to divest a portion of her stake due to margin call enforcement triggered by a significant drop in IPI's stock price on the Hong Kong Stock Exchange. Despite the sale of approximately 1.54% of issued capital, Inventive Star Limited, Jie's wholly-owned entity, retains a controlling interest in the Saipan casino operator, which continues to face legal and regulatory challenges.","focusai_entities":"Cui Li Jie, Imperial Pacific International (IPI), Inventive Star Limited, Hong Kong Stock Exchange","focusai_location":"Hong Kong, Saipan, Northern Mariana Islands","focusai_target_profile":"ceo_executive (0.9), regulator (0.85), compliance_legal (0.9), operator_casino (0.8), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IPI Licensing Impact?","query":"What is the potential impact of IPI's ongoing legal battles and labor law accusations on its B2B\/B2C licensing status and future operational viability in the Northern Mariana Islands?"},{"label":"Capital Structure Implications?","query":"How might the forced divestment by the majority shareholder, coupled with extreme stock price volatility, affect IPI's ability to secure future capital or restructure its debt obligations?"}],"footnotes":""},"categories":[16336,163],"tags":[22674,4024,22127],"class_list":["post-8857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-ipi","tag-saipan","tag-stocks"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=8857"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8857\/revisions"}],"predecessor-version":[{"id":8875,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8857\/revisions\/8875"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8859"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}