CresVAL Corporate Advisory Group Limited 凱評企業咨詢集團有限公司

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Sanction of 3 ex-directors of National Arts (ex-8228)
SEHK, 24-Sep-2024
In 2 deals worth HK$108.8m, the company issued shares to buy companies which had not yet paid for properties under development in Malaysia. The vendors of the companies defaulted on their obligations to complete the purchases.

National Arts (8228) buys Malaysian property vehicle guaranteed by Frankie Leung Tak Chee for HK$18.8m in new shares | Completion
Company announcement, 29-Nov-2021
The share issue completely exhausts the 20% general mandate. A supplemental announcement discloses that the vendor is owned by Mr Tong Yu Jang. 10 days earlier, the same vendor sold another property vehicle which has agreed to buy units in the same project, to Hong Wei (8191).

Hong Wei (8191) buys Malaysian property vehicle for HK$16m promissory note
Company announcement, 19-Nov-2021
The owner of the vendor is a Mr Tong Yu Jang.

New Western (8242) buys 45% of property vehicle from Alfonso Chu Hin Ming for HK$13.5m in new shares | Completion
Company announcement, 25-Mar-2020
The new shares represent 20% of existing shares so this completely exhausts the general issue mandate. The deal comes 12 days after New Western loaned Mr Chu HK$25m and 9 days after a $22m loan to Mr Chu's business partner Perway Yu Kin Wai, who provided the same underlying security.

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