Charm Ride Limited

CEGFL (0379) - additional disclosure on Simagi Finance Co Ltd ownership and directors
Company announcement, 23-Jan-2020
CEGFL also gets a seat on the board of Simagi.
Celebrate (8212) belated annual results for 30-Jun-2019Annual report
Company announcement, 29-Nov-2019
Revealing that, under threat of delisting, on 25-Jun-2019 it completed a subscription of 300,000 shares (0.30%) of Simagi Finance Co Ltd @HK$5 for $1.5m, and the next day completed a subscription of 3,000 shares of Era Bright Ltd (23.08%) @HK$500 for $1.5m. Both are money-lenders. We can add that China Touyun Tech (1332) and Rentian Tech (0885) own 13m and 10m shares (13.09% and 10.07%) of Simagi, which they subscribed in 2018 for $65m and $50m respectively. 70.83% is owned by Jocasta Ventures Ltd, which is 36.17% owned by Freeman (0279). The rest of Era Bright is owned by China Touyun Tech.
China Touyun Tech (1332) 2018 results
Company announcement, 27-Mar-2019
This reveals that in the 2nd half, CTT subscribed another 138 shares of Co-Lead Holdings Ltd, for HK$55.2m, and 13m shares of Simagi Finance Co Ltd, for $65m.

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