China First Capital Group Limited 中國首控集團有限公司
China First Capital (1269): part 2
We continue our investigation into the UK joint venture, following a "clarification" announcement late on Christmas Eve. (13-Jan-2019)
We continue our investigation into the UK joint venture, following a "clarification" announcement late on Christmas Eve. (13-Jan-2019)
The Huarong-CMB network: 26 stocks not to own
In our first circuit diagram since the infamous Enigma Network, we examine the overlapping networks, bubbles and funding surrounding 26 HK-listed companies that your portfolio would probably do better without. (19-Oct-2018)
In our first circuit diagram since the infamous Enigma Network, we examine the overlapping networks, bubbles and funding surrounding 26 HK-listed companies that your portfolio would probably do better without. (19-Oct-2018)
China First Capital (1269) and a questionable joint venture
Webb-site finds serious problems with CFC's statements about a GBP60m UK start-up joint venture with a BVI company, the owner of which is not disclosed, which has only partly paid for its share of the JV. (7-Oct-2018)
Webb-site finds serious problems with CFC's statements about a GBP60m UK start-up joint venture with a BVI company, the owner of which is not disclosed, which has only partly paid for its share of the JV. (7-Oct-2018)
China First Capital (1269) to inject new shares into JV
Company announcement, 15-Jun-2018
CFC will issue 74.5m shares (1.51% of enlarged) @$4.15 in exchange for 29.4m new shares (49%) of start-up KSI Education Ltd, while Bonus First Holdings Ltd (BVI), the owner of which is not disclosed, will subscribe GBP30.6m in cash for 30.6m shares (51%). There will be 60,000,001 shares, of which 1 is held by Ms Yao Zhen, about whom nothing is disclosed. From UK records we know she was born in Feb-1971 and has set up 2 other companies last month, "KSI EDU LTD" and "KSI GLOBAL LTD", both of which she owns 100%.
Company announcement, 15-Jun-2018
CFC will issue 74.5m shares (1.51% of enlarged) @$4.15 in exchange for 29.4m new shares (49%) of start-up KSI Education Ltd, while Bonus First Holdings Ltd (BVI), the owner of which is not disclosed, will subscribe GBP30.6m in cash for 30.6m shares (51%). There will be 60,000,001 shares, of which 1 is held by Ms Yao Zhen, about whom nothing is disclosed. From UK records we know she was born in Feb-1971 and has set up 2 other companies last month, "KSI EDU LTD" and "KSI GLOBAL LTD", both of which she owns 100%.
China First Capital (1269) borrows US$47m from ZH (0185)
| ZH announcement
Company announcement, 18-Apr-2018
Company announcement, 18-Apr-2018
China First Capital (1269) increases stake in Virscend (1565) to 13.20%
Disclosure of interest, 29-Dec-2017
The latest market purchase is at an average price of $4.9842 per share and a high of $5.11. On the same day, the stock closed for the year at $5.00.
Disclosure of interest, 29-Dec-2017
The latest market purchase is at an average price of $4.9842 per share and a high of $5.11. On the same day, the stock closed for the year at $5.00.
China First Capital (1269) increases stake in Virscend (1565) to 12.13%
Disclosure of interest, 20-Dec-2017
The latest market purchase is at an average price of $4.4513 per share.
Disclosure of interest, 20-Dec-2017
The latest market purchase is at an average price of $4.4513 per share.
China First Capital (1269) increases stake in Virscend (1565) to 11.65%
Disclosure of interest, 19-Dec-2017
The latest market purchase is at an average price of $4.4556 per share.
Disclosure of interest, 19-Dec-2017
The latest market purchase is at an average price of $4.4556 per share.
Huarong Intl (0993) subscribes HK$800m convertible bond of China First Capital (1269)
| CFC announcement
Company announcement, 4-Dec-2017
Huarong International's 100% subsidiary, Huarong International Securities, gets a 4.5% arrangement fee on the 2-year, 7% bonds. Mr Tang Mingyang, an ED of CFCG, has guaranteed the bonds and pledged his 16.84% shareholding as security. He and CFCG have an obligation to top up the security if the share price drops below a certain level causing the loan-to-value ratio to rise above 50%, failing which, the bonds can be redeemed.
Company announcement, 4-Dec-2017
Huarong International's 100% subsidiary, Huarong International Securities, gets a 4.5% arrangement fee on the 2-year, 7% bonds. Mr Tang Mingyang, an ED of CFCG, has guaranteed the bonds and pledged his 16.84% shareholding as security. He and CFCG have an obligation to top up the security if the share price drops below a certain level causing the loan-to-value ratio to rise above 50%, failing which, the bonds can be redeemed.
China First Capital (1269) pledges 154.4m shares (4.999%) of Virscend (1565) to CMBC International Holdings Ltd
Disclosure of interest, 29-Jun-2017
The lender is a 100% subsidiary of China Minsheng Bank (1988). The collateral is just below 5%, avoiding a disclosure of security interest by the lender.
Disclosure of interest, 29-Jun-2017
The lender is a 100% subsidiary of China Minsheng Bank (1988). The collateral is just below 5%, avoiding a disclosure of security interest by the lender.
China First Capital (1269) swaps 6.20% of itself for 5.84% of Virscend (1565)
Company announcement, 31-May-2017
The swap prices Virscend at HK$5.09 per share and the new CFC shares at $3.10, respectively a discount of 4.14% and a premium of 7.27% to the closing prices. This will boost CFC's stake to 9.97% of Virscend. The owners of the 2 BVI vendors are not disclosed.
Company announcement, 31-May-2017
The swap prices Virscend at HK$5.09 per share and the new CFC shares at $3.10, respectively a discount of 4.14% and a premium of 7.27% to the closing prices. This will boost CFC's stake to 9.97% of Virscend. The owners of the 2 BVI vendors are not disclosed.
China First Capital (1269) buys 106m shares (3.43%) of Virscend (1565) at $3.80
Company announcement, 28-Jun-2016
The owners of the 2 BVI vendors are not disclosed.
Company announcement, 28-Jun-2016
The owners of the 2 BVI vendors are not disclosed.
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