Satinu Resources Group Ltd.

Freeman (0279) sells 10.57% of Satinu Resources Group Ltd to Co-Lead Holdings Ltd
Company announcement, 7-Feb-2018
Another deal in what we call the "Chung Nam Network". The purchaser is or was owned by multiple listed companies in the network. Freeman gets HK$150m in cash and the other $600m as a 6-month IOU.
Enerchina (0622) buys remaining 70% of HEC Securities Co Ltd
Company announcement, 21-Mar-2017
Another deal in what we call the "Chung Nam Network". Enerchina fails to say who owns the vendor, Satinu Resources Group Ltd, except that Enerchina owns 6.06% of it. The price is $1225m, a 69% premium to the attributable net assets of $723m. Satinu is Unitas backwards. The network has other companies using name reversal: Astrum and Murtsa.

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