SM Asia Pacific Co Limited
New Western (8242) lends HK$22m to BVI company guaranteed by Perway Yu Kin Wai
Company announcement, 17-Mar-2020
This comes 3 days after a $25m loan to a BVI company owned by Alfonso Chu Hin Ming. The two loans involve the same security, and in our view should have been aggregated under the Listing Rules. Mr Gan Lin became CEO of New Western on 22-Jan-2020. Until 11-Jun-2019 he was CEO of Forebase (2310). On 10-Apr-2019, Forebase bought a 49% interest in a Malaysian property company from the same 2 people.
Company announcement, 17-Mar-2020
This comes 3 days after a $25m loan to a BVI company owned by Alfonso Chu Hin Ming. The two loans involve the same security, and in our view should have been aggregated under the Listing Rules. Mr Gan Lin became CEO of New Western on 22-Jan-2020. Until 11-Jun-2019 he was CEO of Forebase (2310). On 10-Apr-2019, Forebase bought a 49% interest in a Malaysian property company from the same 2 people.
New Western (8242) lends HK$25m to BVI company guaranteed by Alfonso Chu Hin Ming
Company announcement, 13-Mar-2020
Company announcement, 13-Mar-2020
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