International Merchants Holdings
Put option agreement on US$14.1m of 7.25% perpetual securities issued by AMTD International Inc.
US SEC, 31-Dec-2021
Our records indicate that the grantor is or was 90% owned by Raymond Qu Xiaochuan. The grantee, Honormate Nominees Ltd, is owned by Regal Hotels (0078).
US SEC, 31-Dec-2021
Our records indicate that the grantor is or was 90% owned by Raymond Qu Xiaochuan. The grantee, Honormate Nominees Ltd, is owned by Regal Hotels (0078).
P&R and Cosmo (0120) acquire shares in AMTD Intl (NYSE:HKIB)
| Circular
Company announcement, 2-Jan-2020
P&R is owned 50:50 by Paliburg (0617) and its subsidiary Regal Hotels (0078). P&R's subsidiary Cosmo sells, on the year-end date, a failed investment in Yuancheng Logistics to Fortis Fund IV Ltd. The circular reveals this is owned by Mr Cong Lin, a director of a controlling shareholder of AMTD Group. In return, Cosmo buys 6.069m A-shares in AMTD Intl from AMTD Group for HK$400m. P&R is also sells 4.98% of Cosmo to International Merchants Holdings for HK$374m. The circular reveals this is 90% owned by Qu Xiao Chuan. In return, P&R buys 5.674m A-shares of AMTD Intl for HK$374m. Finally, P&R sells 50% of a hotel in Sheung Wan to AMTD Group for $270m (net of debt), of which $60m is in cash and the rest an IOU.
Company announcement, 2-Jan-2020
P&R is owned 50:50 by Paliburg (0617) and its subsidiary Regal Hotels (0078). P&R's subsidiary Cosmo sells, on the year-end date, a failed investment in Yuancheng Logistics to Fortis Fund IV Ltd. The circular reveals this is owned by Mr Cong Lin, a director of a controlling shareholder of AMTD Group. In return, Cosmo buys 6.069m A-shares in AMTD Intl from AMTD Group for HK$400m. P&R is also sells 4.98% of Cosmo to International Merchants Holdings for HK$374m. The circular reveals this is 90% owned by Qu Xiao Chuan. In return, P&R buys 5.674m A-shares of AMTD Intl for HK$374m. Finally, P&R sells 50% of a hotel in Sheung Wan to AMTD Group for $270m (net of debt), of which $60m is in cash and the rest an IOU.
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