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MASCOTTE HOLDINGS LIMITED


Mascotte (0136) sells 5.82% of Sun Mass Funding to Hao Tian Resources (0474) for HK$50m
Company announcement, 11-Apr-2013
Both companies are in the "Chung Nam Network". This follows an identical sale 2 days ago by Mascotte to another network company, National Investment Fund (1227).

Willie (0273) lends HK$25m to Mascotte (0136)
Company announcement, 11-Apr-2013
Both companies are in the "Chung Nam Network"

Heritage (0412) buys forestry interests from Forefront (0885) for HK$50m.  Forefront announcement.
Company announcement, 8-Jun-2012
Pass the parcel: Forefront bought this from Mascotte (0136) for $79.2m in shares in 2010, and Mascotte bought this from Willie (0273) for $130m in convertible bonds in 2009. All 4 companies are in what we call the "Chung Nam Network".

Enerchina (0622): late disclosure of sale of 500m shares (10.95%) of Mascotte (0136)
Company announcement, 10-Apr-2012
The original purchase price was $0.40 per share, $200m in total, and they have been sold for $40.26m, or about $0.0805 per share, an 80% loss.

Investigation report by Audit Investigation Board  Enquiry report by FRRC
Financial Reporting Council, 17-Oct-2011
We deduce that this relates to the 2008 accounts of Willie (0273) on the acquisition on 8-Sep-2008 of a property-owning company from Mascotte (0136) for HK$112m satisfied by the issue of 800m shares at $0.14 each. The auditor was Mazars CPA Ltd.

Enerchina (0622) subscribes HK$200m in shares of Mascotte (0136)
Company announcement, 6-Jul-2011
Another deal in the Chung Nam Network, following Enerchina's earlier investments of HK$300m in Cordoba homes and HK$200m in Hennabun.

Mascotte (0136) buys 25/F of China United Centre for HK$75m
Company announcement, 30-Jun-2011
The vendor is Sinoace Limited (HK), the owners of which are not disclosed. Other companies in the Chung Nam Network own several floors of the building, but not this floor, as far as we know.

Mr Lam Suk Ping moves from Mascotte (0136) to Dragonite (0329)
Company announcement, 1-Jun-2011
Both are members of what we call the "Chung Nam Network".

Mascotte (136) exhausts share 10% option limit in one go
Company announcement, 26-Nov-2010
That's the second time in 9 months - see the announcement of 3-Mar-2010.
Censure and/or criticism of 5 directors of Mascotte
SEHK, 4-Aug-2010
For failing to disclose promptly the humungous losses on investments which, we note, were made after the company became a member of what we call the "Chung Nam Network".

Forefront (0885) lends HK$75m to Chung Nam Finance Ltd
Company announcement, 21-Jun-2010
The announcement mentions that the borrower is owned by Hennabun Capital Group Ltd, which is 2.7% owned by Mascotte (0136) which owns 11.74% of Forefront. It doesn't mention that Hennabun is controlled by Freeman (0279).

Forefront (0885) buys forestry interests from Mascotte (0136) for $79.2m in shares.  Mascotte announcement
Company announcement, 9-Apr-2010
Mascotte bought the same thing from Willie (0273) on 13-May-09 for $130m in convertible notes. All 3 companies are in what we call the "Chung Nam Network".

Willie (0273) subsidiary sells Guangzhou property to Forefront for HK$100m in shares
Company announcement, 24-Mar-2010
Willie says stake in Forefront is "for trading". Sells property because of "policies of the Chinese government to cool down the property markets, the need to put in additional funds to improve and renovate the Property, and the decrease in occupancy rate since its acquisition". It bought the property from Mascotte (0136) for HK$112m on 8-Sep-08. Reveals Forefront owns 4.99% of Willie.

China Strategic bubble
We warn investors of a bubble in the stock of China Strategic, the 80% owner of the proposed buyer of Taiwan's Nan Shan Life Insurance, partly financed by a massive note issue convertible into 78bn shares at $0.10 each. We publish the placing list and analyse the names in the deal. Finally, we warn investors to avoid 7 companies in the "Chung Nam network", which has lost HK$6.2bn in 5 years. (13-Nov-2009)

The paid advert opposing the blackout rule
Click on "Orgs" or "People" below to get a list of signatories, scroll down, then click on their names to go to the signatory you are interested in. (29-Dec-2008)

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