Ingdan, Inc. 硬蛋創新
Cogobuy (0400): breach of Listing Rules: late disclosure of loans to Blueberry Capital Ltd
Company announcement, 22-Jan-2018
Cogobuy reveals that during 2017 it granted a US$230m loan facility to Blueberry. KPMG quit as auditors 5 weeks ago citing insufficient information to be satisfied that the loans were properly accounted for. Cogobuy again fails to mention that the BVI firm was a cornerstone investor in its 2014 IPO. The owner(s) of this firm have not been disclosed. We note that Viewtran Group Inc, a former NASDAQ firm controlled by Jeffrey Kang, Cogobuy's CEO, sold substantially all its assets to Blueberry in 2015 for US$70m before delisting and retaining the proceeds. This is the only other reference to Blueberry that we can find online. So who owns it, Mr Kang?
Company announcement, 22-Jan-2018
Cogobuy reveals that during 2017 it granted a US$230m loan facility to Blueberry. KPMG quit as auditors 5 weeks ago citing insufficient information to be satisfied that the loans were properly accounted for. Cogobuy again fails to mention that the BVI firm was a cornerstone investor in its 2014 IPO. The owner(s) of this firm have not been disclosed. We note that Viewtran Group Inc, a former NASDAQ firm controlled by Jeffrey Kang, Cogobuy's CEO, sold substantially all its assets to Blueberry in 2015 for US$70m before delisting and retaining the proceeds. This is the only other reference to Blueberry that we can find online. So who owns it, Mr Kang?
KPMG quits as Cogobuy (0400) auditor, questioning loans to Blueberry Capital Ltd
Company announcement, 15-Dec-2017
KPMG say they have not been given sufficient information about certain loans granted by Cogobuy to Blueberry Capital Limited during 2017. Cogobuy doesn't mention that Blueberry Capital Limited was a cornerstone investor in its IPO in 2014. Its owner(s) have not been disclosed.
Company announcement, 15-Dec-2017
KPMG say they have not been given sufficient information about certain loans granted by Cogobuy to Blueberry Capital Limited during 2017. Cogobuy doesn't mention that Blueberry Capital Limited was a cornerstone investor in its IPO in 2014. Its owner(s) have not been disclosed.
Viewtran (NASDAQ: VIEW) sells substantially all its assets to Blueberry Capital Ltd
Company filing, 12-May-2015
The owner of Blueberry is not disclosed but is said to be an independent third party. Viewtran intends to keep the US$70m proceeds, becoming a cash shell. Viewtran is controlled by Jeffrey Kang, who is also Chairman and controller of Cogobuy (0400.HK), in which Blueberry was a cornerstone investor in its IPO last year. We cannot find any other trace of Blueberry on the web.
Company filing, 12-May-2015
The owner of Blueberry is not disclosed but is said to be an independent third party. Viewtran intends to keep the US$70m proceeds, becoming a cash shell. Viewtran is controlled by Jeffrey Kang, who is also Chairman and controller of Cogobuy (0400.HK), in which Blueberry was a cornerstone investor in its IPO last year. We cannot find any other trace of Blueberry on the web.
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