Teamway International Group Holdings Limited

Teamway (1239) loan agreement with Rossoneri Sport Investment Co Ltd dated 28-Aug-2017
Company filing, 31-Jan-2018
This agreement was published online due to a takeover offer for Teamway.
Teamway (1239) agreement for purchase of Gorgeous Assets Ltd dated 13-May-2016
Company filing, 31-Jan-2018
The agreement is published online due to a takeover offer for Teamway. At 31-Dec-2015, Gorgeous Assets Ltd was an inactive subsidiary of China Healthcare Enterprise Group Ltd (CHE, 1143). In 2016, it purchased the property for HK$55.575m including 23.5% stamp duty, Georgeous Assets Ltd was then acquired by Teamway in exchange for 200m new shares.
Questions on Teamway (1239) and a bit of soccer
An HKEX decision last week led us to discover an inflated acquisition that looks like a cash extraction exercise, possibly to cover an earlier outlay of "earnest money". A sudden surge in profits of the acquired consultancy coincides with a Chinese takeover of troubled soccer team A.C. Milan, or Rossonori, which prints more red ink than black, and a deeply-subordinated loan to its Chairman. (22-Oct-2017)
Concentration warning in Jin Bao Bao (1239)
SFC, 14-Dec-2011

Sign up for our free newsletter

Recommend Webb-site to a friend

Copyright & disclaimer, Privacy policy

Back to top