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)
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)
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%.

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