Au Yeung, Kai Wah
Planetree (0613) buys back 16.47% of Green River Associates Ltd from Mr Au-Yeung Kai Wah for HK$80m
Company announcement, 28-Dec-2023
As of 7-Dec-2022, the shares were held by a 100% subsidiary of CST (0985). So Mr Au-Yeung must have acquired them since then. That's the second asset in a week that Planetree has bought back which was previously owned by CST, following the $50m purchase of 5.32% of Planetree Securities Ltd from Kenneth Chan Chak Kai a week earlier. CST was privatised on 5-Dec-2023. One of 3 unnamed other holders of GRA is probably Touyun (1332) which held 13 shares (5.10%) at 30-Jun-2023.
Company announcement, 28-Dec-2023
As of 7-Dec-2022, the shares were held by a 100% subsidiary of CST (0985). So Mr Au-Yeung must have acquired them since then. That's the second asset in a week that Planetree has bought back which was previously owned by CST, following the $50m purchase of 5.32% of Planetree Securities Ltd from Kenneth Chan Chak Kai a week earlier. CST was privatised on 5-Dec-2023. One of 3 unnamed other holders of GRA is probably Touyun (1332) which held 13 shares (5.10%) at 30-Jun-2023.
Planetree (0613) coughs up ownership structure of borrower on 3rd attempt
Company announcement, 12-Oct-2022
5 listed companies currently in what we call the "Chung Nam Network" have indirect stakes in Freeman Opto Money Lending Corp Ltd, via a cross-holding pair of Marshall Islands vehicles. They include Carnival (0996), suspended since Mar-2020, which never previously identified its 2017 investment in FreeOpt Holdings Ltd, China Smarter Energy (1004), suspended since Apr-2021, and National Investments Fund (1227), delisted last month.
Company announcement, 12-Oct-2022
5 listed companies currently in what we call the "Chung Nam Network" have indirect stakes in Freeman Opto Money Lending Corp Ltd, via a cross-holding pair of Marshall Islands vehicles. They include Carnival (0996), suspended since Mar-2020, which never previously identified its 2017 investment in FreeOpt Holdings Ltd, China Smarter Energy (1004), suspended since Apr-2021, and National Investments Fund (1227), delisted last month.
Tack Fat (0928) diversifies
Company announcement, 30-Aug-2011
Like fellow members of what we call the "Chung Nam Network", Tack Fat is applying for a money-lender's license and is going to start investing in securities - presumably of other listed group members. It is also acquiring Z & Z International Ltd from Mr Au Yeung Kai Wah and Mr Kenneth Chan Chak Kai for HK$16m.
Company announcement, 30-Aug-2011
Like fellow members of what we call the "Chung Nam Network", Tack Fat is applying for a money-lender's license and is going to start investing in securities - presumably of other listed group members. It is also acquiring Z & Z International Ltd from Mr Au Yeung Kai Wah and Mr Kenneth Chan Chak Kai for HK$16m.
Code Agriculture and Nanjing Everyday
Take a RMB8m investment in a start-up TV channel, whip up some projections, sprinkle on a valuation from the ubiquitous BMI Appraisals, add a large pinch of salt according to taste, bake for 2 months and you have a RMB350m sale to Code Agriculture (8153). Too bad that the air then went out of this pudding. (25-May-2010)
Take a RMB8m investment in a start-up TV channel, whip up some projections, sprinkle on a valuation from the ubiquitous BMI Appraisals, add a large pinch of salt according to taste, bake for 2 months and you have a RMB350m sale to Code Agriculture (8153). Too bad that the air then went out of this pudding. (25-May-2010)
Forefront buys Leapfly Ltd from Z & Z International Ltd for HK$20m
Company announcement, 18-Oct-2007
The vendor is purportedly owned by Bonnie Chu See Ming, Au Yeung Kai Wah, and Kenneth Chan Chak Kai. Leapfly had earlier been acquired on 10-Apr-06 by Freeman from Willie for $7m. We don't know when Freeman sold and to whom.
Company announcement, 18-Oct-2007
The vendor is purportedly owned by Bonnie Chu See Ming, Au Yeung Kai Wah, and Kenneth Chan Chak Kai. Leapfly had earlier been acquired on 10-Apr-06 by Freeman from Willie for $7m. We don't know when Freeman sold and to whom.
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