Paul Suen Cho Hung has strengthened his control of parent company in a move on the Hong Kong Stock Exchange.
The low profile businessman behind Trillion Trophy Asia has converted part of the loan he has made to Birmingham International Holdings into extra shares.
That gives him a greater proportion of the company’s equity and also dilutes that owned by other shareholders.
A standard , sourced by , shows the 55-year-old has cashed in around 1.25bn shares of his loan, in a housekeeping move.
His company TTA thereby ending the Carson Yeung era.
While TTA have not spoken publicly about their intentions for the club they have spent the last year supporting Blues through loans secured against St Andrew’s.
