WLS (8021) lends HK$94m to someone secured on shares of somethingDisclosure of interest
Company announcement, 2-Feb-2016
They don't say, but we can tell you, that the security is 148.5m shares (7.43%) of Universal Health (2211). The borrower is Asia Health Century International Inc. (Cayman Islands) which is owned by the family trust of Jin Dongtao, Chairman and co-founder of Universal Health, who acts as guarantor. He has a 48.24% stake in Universal Health. Simultaneously via the same entity, he has borrowed $94.1m from Lerado (1225) secured on another 7.43% of Universal Health.
Bubbles and troubles in Hong Kong
Pour yourself a coffee and digest this long article as we investigate several ongoing abusive "open offers" and placings as well as show you who's been making out in multi-billion-dollar bubbles. We call on regulators and rule-makers to take action. (24-Sep-2015)

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