BEYOND STEADY LIMITED 堅越有限公司
Sunshine 100 (2608) controller pledges 324.335m shares (12.42%) to Huarong Int Fin (0993)
Disclosure of interest, 28-Dec-2017
This comes on the day of completion of Huarong's subscription for 9% of the enlarged share capital, in which the controller guaranteed a 21% return in 3 years, so it may be security for that obligation, or they may have borrowed against the shares.
Disclosure of interest, 28-Dec-2017
This comes on the day of completion of Huarong's subscription for 9% of the enlarged share capital, in which the controller guaranteed a 21% return in 3 years, so it may be security for that obligation, or they may have borrowed against the shares.
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.
Huarong Int Fin (0993) subscribes HK$729m for 235.055m shares (9%) of Sunshine 100 (2608)
| Sunshine 100 announcement
Company announcement, 18-Dec-2017
Joywise Holdings Ltd, the controller of Sunshine will, for 6 months ending 3 years after completion, compensate Huarong for any shortfall in net disposal proceeds below a 21% return on the investment including distributions received. The subscription price of $3.10 implies a compensation if the disposal price does not reach $3.76.
Company announcement, 18-Dec-2017
Joywise Holdings Ltd, the controller of Sunshine will, for 6 months ending 3 years after completion, compensate Huarong for any shortfall in net disposal proceeds below a 21% return on the investment including distributions received. The subscription price of $3.10 implies a compensation if the disposal price does not reach $3.76.
Huarong Int Fin (0993) subscribes US$80m loan notes of Logan Property (3380)
Company announcement, 22-Dec-2016
Company announcement, 22-Dec-2016
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