HEC Development Limited
Dagonite (0329) buys 6.09% of Freewill Holdings Ltd for HK$180m
Company announcement, 24-Nov-2015
The announcement fails to disclose who owns the vendor, but as of 26-Oct-2015, it was 100% owned by HEC Capital Ltd, which is 32.99% owned by the target, Freewill Holdings Ltd. The target is also owned by 5 other listed companies in what we call the "Chung Nam Network".
Company announcement, 24-Nov-2015
The announcement fails to disclose who owns the vendor, but as of 26-Oct-2015, it was 100% owned by HEC Capital Ltd, which is 32.99% owned by the target, Freewill Holdings Ltd. The target is also owned by 5 other listed companies in what we call the "Chung Nam Network".
Freeman (0279) to buy out minorities in Freeman Corp Ltd
Company announcement, 17-Aug-2015
The main vendor, Co-Lead, is another hub in the "Chung Nam Network", majority owned by Mason Financial (0273)
Company announcement, 17-Aug-2015
The main vendor, Co-Lead, is another hub in the "Chung Nam Network", majority owned by Mason Financial (0273)
Freeman Financial (0279) acquires 100% of Smart Jump Corp
Company announcement, 10-Aug-2015
The SJ shares were distributed by Freeman Corp Ltd to its 3 shareholders, including FF (60.52%), but the other 2 holders of FC, both being hubs in what we call the "Chung Nam Network", sold their SJ shares to FF in return for 5% 1-year promissory notes. Co-Lead Holdings Ltd owns 32.98% of FC, and HEC Development Ltd owns 6.50%, which it must have acquired directly or indirectly from Benny Kwong Kai Sing since 6-Jul-2015.
Company announcement, 10-Aug-2015
The SJ shares were distributed by Freeman Corp Ltd to its 3 shareholders, including FF (60.52%), but the other 2 holders of FC, both being hubs in what we call the "Chung Nam Network", sold their SJ shares to FF in return for 5% 1-year promissory notes. Co-Lead Holdings Ltd owns 32.98% of FC, and HEC Development Ltd owns 6.50%, which it must have acquired directly or indirectly from Benny Kwong Kai Sing since 6-Jul-2015.
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