Minsheng Bank said to be subject of HK regulator warning
Bloomberg, 25-Apr-2019
…as Webb-site said first.
HKMA, SFC announce "serious concerns" about transactions by mainland bank, HK subsidiary
And we think we know who they mean. The facts all point to entities featured in our network diagram last October. (24-Apr-2019)
CMBC Capital (1141) lends another HK$150m
Company announcement, 30-Nov-2018
They don't name the borrower. We can tell you it is China New Higher Education (2001), to which CMBC has already lent HK$340m. CMBC has also lent CNHE's controlling shareholder HK$100m. On the new loan, CMBC vaguely states the interest rate of "5% to 10%" with an arrangement fee of "1% to 5%". In our view this fails to disclose sufficient details of the Disclosable Transaction.
CMBC Capital (1141) lends HK$340m to CNHE (2001) and HK$100m to its controlling shareholder
Company announcement, 28-Jun-2018
CMBCC seeks a waiver and fails to disclose who the borrowers are. However, the Second Borrower, of HK$340m, is in the PRC education sector with total assets over RMB2.5bn and net assets over RMB1.7bn at 31-Dec-2017. That makes it China New Higher Education (CNHE, 2001) with total assets of RMB2.57bn and net assets of RMB1.72bn. The First Borrower of HK$100m is therefore Aspire Education Management Co., Ltd (BVI), owned by CNHE Chairman and controlling shareholder Li Xiaoxuan.

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