Enterprise Dev (1808) to buy 50% of Taiping Securities from China Taiping (0966)CCASS movements
Company announcement, 15-Nov-2017
This is interesting, because it appears from Webb-site CCASS Analysis that Rentian (0885) may have pledged its 38.71% controlling shareholding of Enterprise Dev to Taiping Securities in July this year, something that the announcement does not mention. For the sale, China Taiping would receive new shares and a convertible bond in Enterprise Dev. That raises the question of whether Rentian and China Taiping will be acting in concert to control Enterprise Dev.
Controlling shareholding of Enterprise Dev (1808) on the move
Webb-site CCASS Analysis shows that 203,854,292 shares (38.73%) of Enterprise Dev have moved from the custody of Kingston Securities Ltd to Taiping Securities (HK) Co Ltd, a subsidiary of China Taiping Insurance (0966). These shares are owned by Rentian (0885) which is controlled by Mr King Pak Fu.Such a move may indicate a pledging of the shares as security for a loan. (31-Jul-2017)
China Water Affairs (0855): NED Wu Jiesi convicted for late dealing disclosures
Company announcement, 5-Jul-2012
The filings were made on 17-May-2011, over 2 months late. Mr Wu is a director of 5 other HK-listed companies.

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