Hope Capital Limited (VG)
Blue River (0498) to subscribe HK$75m for 85 shares (24.64%) of Hope Capital Ltd
Company announcement, 7-Oct-2022
Before the deal, Hope Capital, which owns Hope Securities Ltd, is indirectly 30.76% owned by Oshidori (0622) and 23.08% by each of Imagi (0585), CST (0985) and David Ki. All the listed companies are in what we call the "Chung Nam Network", members of which frequently deal with each other. In July 2022, an Imagi subsidiary lent HK$75m to Blue River. Imagi is 21% owned by Oshidori. CST's stake in Hope Capital wasn't previously disclosed, but the Jun-2022 interim results of Oshidori state that on 26-May, an "independent third party investor" subscribed 60 shares of Hope Capital Ltd for $55m, so that's probably CST. Cordoba Homes Ltd is no longer a shareholder, and its 60 shares appear to have moved to Oshidori (20) and David Ki (40).
Company announcement, 7-Oct-2022
Before the deal, Hope Capital, which owns Hope Securities Ltd, is indirectly 30.76% owned by Oshidori (0622) and 23.08% by each of Imagi (0585), CST (0985) and David Ki. All the listed companies are in what we call the "Chung Nam Network", members of which frequently deal with each other. In July 2022, an Imagi subsidiary lent HK$75m to Blue River. Imagi is 21% owned by Oshidori. CST's stake in Hope Capital wasn't previously disclosed, but the Jun-2022 interim results of Oshidori state that on 26-May, an "independent third party investor" subscribed 60 shares of Hope Capital Ltd for $55m, so that's probably CST. Cordoba Homes Ltd is no longer a shareholder, and its 60 shares appear to have moved to Oshidori (20) and David Ki (40).
Touyun Biotech (1332) discloses ownership of "Purchaser B" in its sale of Hope Capital Ltd
| Previous announcement
Company announcement, 12-Nov-2021
Cordoba Homes Ltd is 61.99% owned by "a private family trust with Mr. Eugene Chuang as the sole beneficiary" and 28.08% owned by China Evergrande (3333). The other 9.93% is owned by "an independent third party". Note: we've been tracking Cordoba for years as part of the "Chung Nam Network". Various listed companies have held stakes in Cordoba Homes, but this is the first time we've seen China Evergrande as a shareholder.
Company announcement, 12-Nov-2021
Cordoba Homes Ltd is 61.99% owned by "a private family trust with Mr. Eugene Chuang as the sole beneficiary" and 28.08% owned by China Evergrande (3333). The other 9.93% is owned by "an independent third party". Note: we've been tracking Cordoba for years as part of the "Chung Nam Network". Various listed companies have held stakes in Cordoba Homes, but this is the first time we've seen China Evergrande as a shareholder.
Touyun Biotech (1332) subsidiary sells Hope Capital Ltd to Imagi (0585), Oshidori (0622), Cordoba Homes (30% each) and David Ki (10%) for HK$160m
| Imagi announcement
Company announcement, 1-Nov-2021
The vendor, Galaxy Vantage Ltd, is 61.01% owned by Touyun Biotech, 27.29% owned by Blue River (0498) and 11.71% by David Ki. Oshidori owns 28.53% of Blue River and 21.31% of Imagi. The target owns Hope Securities Ltd. The ownership of Cordoba Homes Ltd is not disclosed. Mr Ki previously sold Hope Capital Ltd to the vendor in a share-swap transaction which completed on 10-Dec-2020, less than a year ago. All the listed companies and Cordoba are in what we call the "Chung Nam Network", members of which frequently deal with each other.
Company announcement, 1-Nov-2021
The vendor, Galaxy Vantage Ltd, is 61.01% owned by Touyun Biotech, 27.29% owned by Blue River (0498) and 11.71% by David Ki. Oshidori owns 28.53% of Blue River and 21.31% of Imagi. The target owns Hope Securities Ltd. The ownership of Cordoba Homes Ltd is not disclosed. Mr Ki previously sold Hope Capital Ltd to the vendor in a share-swap transaction which completed on 10-Dec-2020, less than a year ago. All the listed companies and Cordoba are in what we call the "Chung Nam Network", members of which frequently deal with each other.
China Touyun Tech (1332) acquires Hope Securities Ltd from David Ki
Company announcement, 17-Mar-2020
Mr Ki swaps the holding company for about 16.1% of Galaxy Vantage Ltd valued at HK$41m. GV is currently a 100% subsidiary of CTT and has an investment portfolio. This follows an earlier deal to sell the brokerage to Celebrate (8212) which was terminated in Aug-2019.
Company announcement, 17-Mar-2020
Mr Ki swaps the holding company for about 16.1% of Galaxy Vantage Ltd valued at HK$41m. GV is currently a 100% subsidiary of CTT and has an investment portfolio. This follows an earlier deal to sell the brokerage to Celebrate (8212) which was terminated in Aug-2019.
Celebrate (8212) to buy Hope Securities Ltd from David Ki
| CCASS transfer
Company announcement, 29-Jan-2019
The broker, licensed on 9-Apr-2018, has only 2 licensed staff and only one stock in its CCASS account, Imagi (0585), transferred last Friday from Satinu Markets Ltd. Celebrate, Imagi and Satinu are all part of what we call the "Chung Nam Network". The deal is subject to SFC approval for the change of substantial shareholders of the broker. Update: the deal was terminated on 23-Aug-2019.
Company announcement, 29-Jan-2019
The broker, licensed on 9-Apr-2018, has only 2 licensed staff and only one stock in its CCASS account, Imagi (0585), transferred last Friday from Satinu Markets Ltd. Celebrate, Imagi and Satinu are all part of what we call the "Chung Nam Network". The deal is subject to SFC approval for the change of substantial shareholders of the broker. Update: the deal was terminated on 23-Aug-2019.
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy