GET Holdings Limited

The Enigma Network: 50 stocks not to own
Sometimes, all you need to tell a story is a picture. (15-May-2017)
Jun Yang (0397) sells another 5% of solar company to GET (8100)
Company announcement, 1-Nov-2016
As a result, Jun Yang Solar Power Investment Holdings Ltd ceases to be a subsidiary of Jun Yang and is 35% owned by GET. The announcement reveals that an unnamed third party acquired 17.5% on 13-Oct-2016. We can tell you who it was though: IR Resources (8186).
GET (8100): breach of Listing Rules, on Discloseable Transactions and Major Disposals
Company announcement, 28-Oct-2016
Following a complaint by Webb-site to HKEX, GET now accepts that it should have disclosed transactions in listed shares dating back to 8-Jul-2014, some of which were "Major Disposals" requiring shareholder approval, for which it now seeks ratification. (8086) coughs up investment details
Company announcement, 27-Oct-2016
This follows a Webb-site complaint to HKEX on 17-Oct-2016 that the company had failed to comply with Appendix 16, paragraph 32(4) of the Listing Rules. We calculate the holdings to be 1.46% of China Parenting Network (8361), 1.18% of AMCO (0630) and 3.55% of GET (8100) at 30-Jun-2016.
IR Resources (8186) buys 17.5% of solar subsidiary of Jun Yang (0397)
Company announcement, 13-Oct-2016
IR Resources fails to name the vendor, but it later turns out to be Jun Yang (0397), which has cut its stake to 52.5%. GET Holdings (8100) owns the other 30%.
First Credit (8215) lends HK$23.4m to someone secured on convertible notes of somethingDisclosure of interest
Company announcement, 5-Oct-2016
They don't say who or what, but Webb-site can tell you the loan is secured on HK$43.82m of notes convertible into 29,210,976 shares (9.86%) of GET (8100) at $1.50 per share. The notes are owned by Ace Source International Ltd (BVI) which is owned by Mr Xue Qiushi, the CEO of GET.
GET (8100) injects 1.61% of China Parenting (8361) for 17.75% of Finsoft (8018)Finsoft announcement
Company announcement, 27-Sep-2016
In our view, China Parenting is a bubble stock, trading on about 6.6x NAV. On 31-Jul-2015 GET acquired a 2.73% stake in return for issuing 14.91% of itself to China New Economy Fund (0080). Pass the parcel. Finsoft shareholders would have to be either mad or conflicted to approve this, which of course they probably will.
Convoy (1019) accumulates 16.12% of First Credit (8215) for HK$198.9m
Company announcement, 27-Sep-2016
First Credit is also 19.84% owned by GET (8100), 9.65% by Jun Yang (0397) and 4.13% by Universe (1046). Convoy is 5.4% owned by GET and 9.93% owned by Jun Yang, and GET is 16.67% owned by Universe, amongst others in this network of companies that investors should avoid.
GET (8100) buys about 30% of solar subsidiary of Jun Yang (0397)Jun Yang announcement
Company announcement, 19-Aug-2016
Universe (1046) swaps 51% of a company plus cash for 16.67% of GET (8100)GET announcement
Company announcement, 13-Jun-2016
GET (8100) loses corporate records
Company announcement, 19-Apr-2016
Don't you just hate it when that happens?
GET (8100) buys 51% of Dragon Oriental Investment Ltd for HK$17.34m
Company announcement, 29-Mar-2016
The company doesn't say who owns the BVI vendor. It is probably still WLS (8021), which bought the stake from GET (then known as M Dream Inworld Ltd) for HK$21.7m on 12-Jun-2014 in a deal which completed on 30-Sep-2014. So WLS makes a 20% loss on the sale. (8086) sells 1.38% of GET (8100)
Company announcement, 23-Feb-2016
GET (8100) increases to 5.01% of Convoy Financial (1019)
Disclosure of interest, 4-Jan-2016
GET (8100) sinks HK$227.5m into 650m shares of Convoy (1019)
Company announcement, 12-Nov-2015
See page 26 of the quarterly results statement. As GET claims to be "in the business" of securities investment, this was not a notifiable transaction, although it represents 21.5% of GET shareholders' funds at 30-Sep-2015. The shareholding is about 4.35% of Convoy, below the 5% disclosure threshold.
AMCO United (0630) buys property from GET (8100)Circular
Company announcement, 6-Oct-2015
Actually it is buying a BVI company, Bonus First Group, which owns Unit 503, 5/F Wing On House, for HK$62m in cash, conditional on a placing of new shares via Gransing Securities to pay for it. BFG agreed to buy the property for $53.9m on 8-Aug-2015, but it must have paid HK$4.58m in Double Stamp Duty at 8.5%. This completed on 30-Sep-2015, 6 days before the sale of BFG. There will be no stamp duty on the transfer of the BVI company.
GET (8100) sells property to AMCO United (0630) for HK$62m
Company announcement, 6-Oct-2015
GET (8100) buys 2.73% of China Parenting Network (8361) from China New Economy Fund (0080)
Company announcement, 31-Jul-2015
GET will issue 14.91% of its enlarged issued share capital as payment.
WLS (8021) buys 51% of Dragon Oriental Investment Ltd for HK$21.7mM Dream Inworld announcement
Company announcement, 12-Jun-2014
WLS fails to say who owns the vendor. We can tell you it is M Dream Inworld (8100), which will retain 49%. (8086) swaps e-Perfect IT Ltd for 11.65% of M Dream (8100)M Dream announcement
Company announcement, 10-Jun-2014
M Dream owns 4.89% of
M Dream Inworld (8100) buys 4.89% of EPRO (8086) from Town Health (3886)
Company announcement, 13-Jun-2013
SFC v Kenneth Cheung Chi Shing & others
HK Court of First Instance, 7-Mar-2012
The judge at last issues a judgment, 14 months after the hearing.
Raking muck, Part 3
We now connect Joseph Lau to Executive Talent, and focus on a series of dubious transactions by Hycomm and the bubble in its stock while it did the coal mine hokey cokey, from which bubble Joseph Lau has profited hugely. We also look at the creation of Inno-Tech and the youngest infant mortality on GEM, Codebank. (5-Mar-2012)
SFC seeks suspension, disqualification orders against Chairman, former and current executives of Styland Holdings
SFC, 9-Sep-2008
StyNet, Part 3: Riverhill
In Part 3 of our series on the Styland network, we look at Riverhill, a stock in which Styland and Digital World made early acquisitions at stratospheric prices. Riverhill's turnover collapsed after the IPO, which was based on a 9-project track record, part of which was sub-contracted and part of which came from a company sold to Digital World for a similarly stratospheric price. (8-Aug-2002)
StyNet, Part 2: Asia's Inworld City
Continuing our series on the Styland network, we take you through the wheeling and dealing surrounding Inworld, most of whose flimsy track record came from companies in the network - including Digital World, Rainbow, Renren, Riverhill and Styland itself. You will also see an incredible set of pre-IPO transactions in the stock. Is Hong Kong really Asia's World City? (24-Jul-2002)
StyNet, Part 1: Digital Mess
In the first of a series of articles, we'll take you through a labyrinth of transactions involving a motley collection of GEM listings, including Inworld, International Capital Network, Rainbow and Riverhill, two bombed-out main board stocks - Digital World and renren, and a company at the centre of the network, Styland. We kick off with a detailed study of Digital World and its dealings. (21-Jul-2002)
Breach of GEM Listing Rule 18.41
Company announcement, 14-Mar-2002
Allotment results and concentration warning
Company announcement, 28-Dec-2001

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