Long, Betty Wei
CEGFL (0379) - additional disclosure on Simagi Finance Co Ltd ownership and directors
Company announcement, 23-Jan-2020
CEGFL also gets a seat on the board of Simagi.
Company announcement, 23-Jan-2020
CEGFL also gets a seat on the board of Simagi.
Freeman (0279) results for 6 months to 30-Sep-2018
| Interim report
Company announcement, 29-Nov-2018
This reveals that in Apr-2018, Freeman acquired 36.17% of Imagination Holding Ltd for $144.5m. In the same month on 23-Apr, Imagi (0585) completed the sale of 50% for $150m to Bob May Inc. (owned by Ms Betty Long Wei), which owned the other half. It appears from the net assets of the associates that Freeman acquired its stake by subscribing 1.7m new shares of Imagination @$85. Next, in Jul-2018, Imagination distributed its 100% subsidiary Jocasta Ventures Ltd, to its shareholders. Jocasta has a money-lending partial subsidiary, Simagi Finance Co Ltd, which has been issuing shares to other members of what we call the "Chung Nam Network".
Company announcement, 29-Nov-2018
This reveals that in Apr-2018, Freeman acquired 36.17% of Imagination Holding Ltd for $144.5m. In the same month on 23-Apr, Imagi (0585) completed the sale of 50% for $150m to Bob May Inc. (owned by Ms Betty Long Wei), which owned the other half. It appears from the net assets of the associates that Freeman acquired its stake by subscribing 1.7m new shares of Imagination @$85. Next, in Jul-2018, Imagination distributed its 100% subsidiary Jocasta Ventures Ltd, to its shareholders. Jocasta has a money-lending partial subsidiary, Simagi Finance Co Ltd, which has been issuing shares to other members of what we call the "Chung Nam Network".
Imagi (0585) sells its half of a money-lender to JV partner
| Circular
Company announcement, 2-Feb-2018
The announcement fails to state who owns the purchaser, Bob May Incorporated (BVI), but the subsequent circular says it is Ms. Betty Long Wei, "a Hong Kong businesswoman active in the area of investment". The JV, Imagination Holding Ltd, owns Simagi Finance Co Ltd, a money lender. The circular also reveals that on 5-Dec-2016, the JV subscribed for "certain shares" of Genius Spring Ltd, which was 100%-owned by China Touyun Tech (1332), another company in what we call the "Chung Nam Network". The CTT 2016 accounts show that was a 9.9% stake in Genius Spring, subscribed for HK$21.39m. We note that Ms. Long was the owner of an LED company which had an aborted sale to CTT in 2015.
Company announcement, 2-Feb-2018
The announcement fails to state who owns the purchaser, Bob May Incorporated (BVI), but the subsequent circular says it is Ms. Betty Long Wei, "a Hong Kong businesswoman active in the area of investment". The JV, Imagination Holding Ltd, owns Simagi Finance Co Ltd, a money lender. The circular also reveals that on 5-Dec-2016, the JV subscribed for "certain shares" of Genius Spring Ltd, which was 100%-owned by China Touyun Tech (1332), another company in what we call the "Chung Nam Network". The CTT 2016 accounts show that was a 9.9% stake in Genius Spring, subscribed for HK$21.39m. We note that Ms. Long was the owner of an LED company which had an aborted sale to CTT in 2015.
Qualipak (1332) to buy LED lighting firm and change its name to China Optoelectronics
| Termination
Company announcement, 20-Apr-2015
The vendor is owned by Betty Long Wei. The price is HK$469.25m and the net assets are just HK$13.55m. Update: after the name change, the deal was terminated on 29-Oct-2015 as the target "is going through a corporate restructuring which will drastically affect the present business format".
Company announcement, 20-Apr-2015
The vendor is owned by Betty Long Wei. The price is HK$469.25m and the net assets are just HK$13.55m. Update: after the name change, the deal was terminated on 29-Oct-2015 as the target "is going through a corporate restructuring which will drastically affect the present business format".
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