Blue River Investments Limited
Blue River (0498) to subscribe HK$75m for 85 shares (24.64%) of Hope Capital Ltd
Company announcement, 7-Oct-2022
Before the deal, Hope Capital, which owns Hope Securities Ltd, is indirectly 30.76% owned by Oshidori (0622) and 23.08% by each of Imagi (0585), CST (0985) and David Ki. All the listed companies are in what we call the "Chung Nam Network", members of which frequently deal with each other. In July 2022, an Imagi subsidiary lent HK$75m to Blue River. Imagi is 21% owned by Oshidori. CST's stake in Hope Capital wasn't previously disclosed, but the Jun-2022 interim results of Oshidori state that on 26-May, an "independent third party investor" subscribed 60 shares of Hope Capital Ltd for $55m, so that's probably CST. Cordoba Homes Ltd is no longer a shareholder, and its 60 shares appear to have moved to Oshidori (20) and David Ki (40).
Company announcement, 7-Oct-2022
Before the deal, Hope Capital, which owns Hope Securities Ltd, is indirectly 30.76% owned by Oshidori (0622) and 23.08% by each of Imagi (0585), CST (0985) and David Ki. All the listed companies are in what we call the "Chung Nam Network", members of which frequently deal with each other. In July 2022, an Imagi subsidiary lent HK$75m to Blue River. Imagi is 21% owned by Oshidori. CST's stake in Hope Capital wasn't previously disclosed, but the Jun-2022 interim results of Oshidori state that on 26-May, an "independent third party investor" subscribed 60 shares of Hope Capital Ltd for $55m, so that's probably CST. Cordoba Homes Ltd is no longer a shareholder, and its 60 shares appear to have moved to Oshidori (20) and David Ki (40).
PYI (0498) subscribes HK$100m for 27.3% of Galaxy Vantage Ltd
| CTT announcement
Company announcement, 23-Feb-2021
GV is 83.9% owned by China Touyun Tech (1332) and 16.1% owned by David Ki, who sold his brokerage Hope Securities Ltd to GV in 2020 in exchange for the stake. GV also owns a 12.1% stake in Simagi Finance Co Ltd.
Company announcement, 23-Feb-2021
GV is 83.9% owned by China Touyun Tech (1332) and 16.1% owned by David Ki, who sold his brokerage Hope Securities Ltd to GV in 2020 in exchange for the stake. GV also owns a 12.1% stake in Simagi Finance Co Ltd.
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