United Century International Limited (VG)
China Sandi (0910) controller pledges 51% to CCB (0939)
| CCB filing
Disclosure of interest, 30-May-2018
The filing states that the companies owned by Mr Guo Jiadi entered into a "subscription agreement" with an "investor" on 26-Apr-2018, which closed on 30-May-2018, whereupon the shares were pledged to the investor. The filing by CCB discloses its security interest in the shares, probably as collateral for a loan.
Disclosure of interest, 30-May-2018
The filing states that the companies owned by Mr Guo Jiadi entered into a "subscription agreement" with an "investor" on 26-Apr-2018, which closed on 30-May-2018, whereupon the shares were pledged to the investor. The filing by CCB discloses its security interest in the shares, probably as collateral for a loan.
China Sandi (0910) controller pledges 625m shares (14.01%) to Huarong Int Fin (0993)
| Huarong filing
Disclosure of interest, 27-Dec-2017
This comes after Huarong bought 312.5m unlisted warrants from Kong LingLing at $0.06 per warrant, which it exercised at $0.24 per share on 22-Dec-2017. Huarong now also has a short interest in the same number of shares, suggesting that the controller has granted a put option and posted 625m shares as security for its obligations. Kong LingLing purchased the warrants on 24-Jan-2017 from CCB (0939) at $0.015 per warrant.
Disclosure of interest, 27-Dec-2017
This comes after Huarong bought 312.5m unlisted warrants from Kong LingLing at $0.06 per warrant, which it exercised at $0.24 per share on 22-Dec-2017. Huarong now also has a short interest in the same number of shares, suggesting that the controller has granted a put option and posted 625m shares as security for its obligations. Kong LingLing purchased the warrants on 24-Jan-2017 from CCB (0939) at $0.015 per warrant.
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