Shiny Step Investments Limited
Inno-Tech (8202) sells 238 shares (19.19%) of Great China Media Holdings Ltd to Duncan Capital Ltd
Company announcement, 3-May-2010
For HK$43m, of which 5% in cash, 5% in 3-month IOU and 90% in 1-year IOU. The buyer's owner is not disclosed, but its director and guarantor is Andy Shek Ka Sun. The zero-interest 1-year IOU was replaced with another 1-year note on 3-May-2011, bearing 3% interest, but then the Exchange pointed out that this was financial assistance requiring shareholders' approval. The new note was scrapped and the money was repaid on 28-Sep-2011 (without interest).
Company announcement, 3-May-2010
For HK$43m, of which 5% in cash, 5% in 3-month IOU and 90% in 1-year IOU. The buyer's owner is not disclosed, but its director and guarantor is Andy Shek Ka Sun. The zero-interest 1-year IOU was replaced with another 1-year note on 3-May-2011, bearing 3% interest, but then the Exchange pointed out that this was financial assistance requiring shareholders' approval. The new note was scrapped and the money was repaid on 28-Sep-2011 (without interest).
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