Planetree (BVI) Capital Limited
Touyun Biotech (1332) subsidiary sells 90.1% of Genius Spring Ltd to Planetree (0613) for HK$40m
| Planetree announcement
Company announcement, 29-Oct-2021
The vendor is 61.01% owned by Touyun Biotech, 27.29% owned by Blue River (0498) and 11.71% by David Ki. The owner of the other 9.9% of Genius Spring is not disclosed, but our records show it was 9.9% owned by Imagination Holding Ltd as at 5-Dec-2016. This is another transaction in what we call the "Chung Nam Network".
Company announcement, 29-Oct-2021
The vendor is 61.01% owned by Touyun Biotech, 27.29% owned by Blue River (0498) and 11.71% by David Ki. The owner of the other 9.9% of Genius Spring is not disclosed, but our records show it was 9.9% owned by Imagination Holding Ltd as at 5-Dec-2016. This is another transaction in what we call the "Chung Nam Network".
CEGFL (0379) swaps property vehicle for 35% of Top Insight, a subsidiary of Planetree (0613)
| Planetree announcement
Company announcement, 23-Jan-2020
Prior to this, Top Insight is 100% owned by Planetree (BVI) Capital Ltd, which is indirectly 100% owned by Planetree (Cayman) Capital Ltd, which is 82.22% owned by Planetree (0613), 9.78% owned by Oshidori (0622) and 8.00% owned by China Touyun Tech (1332). The deal basically combines 2 properties under one holding joint venture.
Company announcement, 23-Jan-2020
Prior to this, Top Insight is 100% owned by Planetree (BVI) Capital Ltd, which is indirectly 100% owned by Planetree (Cayman) Capital Ltd, which is 82.22% owned by Planetree (0613), 9.78% owned by Oshidori (0622) and 8.00% owned by China Touyun Tech (1332). The deal basically combines 2 properties under one holding joint venture.
Yugang (0613) subscribes HK$270m for 52.63% of Liberty Capital Ltd (Cayman)
Company announcement, 20-May-2019
This Major Transaction comes 3 weeks after Karen Lo Ki Yan completed a takeover of Yugang. Earlier, on 19-Dec-2018, Yugang provided a HK$50m line of credit to the target. The target owns Hui Kai Securities Ltd and Hui Kai Futures Ltd, which were wholly-owned by Tai United (0718) until it sold two 33.5% chunks of their holding company on 18-Jan-2018 and the remaining 33% on 1-Jun-2018 to then-unnamed buyers.
Company announcement, 20-May-2019
This Major Transaction comes 3 weeks after Karen Lo Ki Yan completed a takeover of Yugang. Earlier, on 19-Dec-2018, Yugang provided a HK$50m line of credit to the target. The target owns Hui Kai Securities Ltd and Hui Kai Futures Ltd, which were wholly-owned by Tai United (0718) until it sold two 33.5% chunks of their holding company on 18-Jan-2018 and the remaining 33% on 1-Jun-2018 to then-unnamed buyers.
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