PALIBURG HOLDINGS LIMITED

P&R swaps 8.25% of Cosmopolitan (0120.HK) for shares in AMTD International (NYSE:HKIB) with AMTD Group Co Ltd
Company announcement, 24-Jan-2020
P&R is owned 50:50 by Paliburg (0617) and Regal Hotels (0078), a 69.25% subsidiary of Paliburg. The deal is valued at HK$626.1m based on an AMTD price of US$8.45 and a Cosmopolitan price of HK$1.70. The 9.5m A-Shares in AMTD International are 16.89% of the class, 3.87% of the equity and 0.25% of the voting rights, raising the Paliburg group holding to 34.82% of the class, 8.84% of the equity and 0.58% of the voting rights.
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.
Larvotto - do you know the boatyard?
We probe the history of the SHKP/Kerry/Paliburg Larvotto, a luxury industrial-cum-residential project overlooking a typhoon shelter but behind boatyards and sawmills, which are noisy enough for the Environmental Protection Department to object to the Town Planning Board's approval, as minutes reveal. "Non-openable windows" were cited as a mitigating measure. Yours for just HK$25k/psf - can you see the bubble? (3-Mar-2010)
The paid advert opposing the blackout rule
With links to the signatories in Webb-site Who's Who. (29-Dec-2008)
Trio agrees to $3b Ap Lei Chau land premium
HK Standard, 3-Sep-2005

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