Freeman Opto Money Lending Corporation Limited
Planetree (0613) coughs up ownership structure of borrower on 3rd attempt
Company announcement, 12-Oct-2022
5 listed companies currently in what we call the "Chung Nam Network" have indirect stakes in Freeman Opto Money Lending Corp Ltd, via a cross-holding pair of Marshall Islands vehicles. They include Carnival (0996), suspended since Mar-2020, which never previously identified its 2017 investment in FreeOpt Holdings Ltd, China Smarter Energy (1004), suspended since Apr-2021, and National Investments Fund (1227), delisted last month.
Company announcement, 12-Oct-2022
5 listed companies currently in what we call the "Chung Nam Network" have indirect stakes in Freeman Opto Money Lending Corp Ltd, via a cross-holding pair of Marshall Islands vehicles. They include Carnival (0996), suspended since Mar-2020, which never previously identified its 2017 investment in FreeOpt Holdings Ltd, China Smarter Energy (1004), suspended since Apr-2021, and National Investments Fund (1227), delisted last month.
Planetree (0613) subsidiary lends HK$50m to money-lender
Company announcement, 26-Sep-2022
At last disclosure, the lender, Maxlord Enterprises Ltd, is 66.67% owned by Planetree and 33.33% by Blue River (0498). Planetree fails to disclose the owner(s) of the borrower, Freeman Opto Money Lending Corp. The 12-month loan bears interest at 6% p.a..
Company announcement, 26-Sep-2022
At last disclosure, the lender, Maxlord Enterprises Ltd, is 66.67% owned by Planetree and 33.33% by Blue River (0498). Planetree fails to disclose the owner(s) of the borrower, Freeman Opto Money Lending Corp. The 12-month loan bears interest at 6% p.a..
Celebrate (8212) interim results for 31-Dec-2019
Company announcement, 13-Feb-2020
This reveals that on 2 and 3-Jul-2019, days after its year-end, Celebrate subscribed 30 shares (0.30%) of Freeman Opto Money Lending Corp Ltd @$50k for $1.5m and 1000 shares (9.09%) of Longtop Enterprises Ltd @$1500 for $1.5m. Both are money-lenders. By the end of 2019, the former investment was impaired to just $76k. The rest of FOML is owned by Freeman (0279) and the rest of Longtop is owned by Imagi (0585).
Company announcement, 13-Feb-2020
This reveals that on 2 and 3-Jul-2019, days after its year-end, Celebrate subscribed 30 shares (0.30%) of Freeman Opto Money Lending Corp Ltd @$50k for $1.5m and 1000 shares (9.09%) of Longtop Enterprises Ltd @$1500 for $1.5m. Both are money-lenders. By the end of 2019, the former investment was impaired to just $76k. The rest of FOML is owned by Freeman (0279) and the rest of Longtop is owned by Imagi (0585).
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