Luxxu Group Limited 勵時集團有限公司

The Enigma Network: 50 stocks not to own
Sometimes, all you need to tell a story is a picture. (15-May-2017)
Time2U's time to FU
How much damage can a HK main board company do to its share price within the first year of listing? Try 79.6%, with two full-sized placings under the generous general mandate, one of them at a discount to net cash per share, neither of which was necessary. For Time2U (1327) one year was time enough. (25-Jan-2016)
Time2U (1327) blows general mandate in 20% placing 6 months after IPOSettlements
Company announcement, 5-Aug-2015
The placing via Black Marble Securities is at $0.40, compared with the IPO price of $1.10 and post-IPO NAV of $0.77. The company had no need for cash as it had substantial net cash after the IPO. Update: from settlements on 11-Aug you can see that part of the stock likely went to clients of Emperor Securities, Win Fung Securities and Gransing Securities.
Time2u (1327): 20.80% is deposited into CCASS with Black Marble Securities on 31-Jul-2015
The stock was listed on 30-Jan-2015 so this deposit is the day after the 6-month lock-up on new issues expired; this block of shares must come from the controlling shareholder. (1-Aug-2015)
Time2U (1327) blows 10% share option mandate in one go
Company announcement, 16-Jun-2015

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