Jocasta Ventures Ltd
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.
Company announcement, 23-Jan-2020
CEGFL also gets a seat on the board of Simagi.
Celebrate (8212) belated annual results for 30-Jun-2019
| Annual 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.
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.
Rentian (0885) annual report 2018
| CTT (1332) annual report
Company filing, 30-Apr-2019
This reveals in note 18 that in Aug-2018, Rentian subscribed HK$175m for 2.11% of Satinu Resources Group Ltd (we estimate 21.875m shares @$8) and $50m for 11.63% of Simagi Finance Co Ltd (10m shares @$5), both by issuing promissory notes. Subsequently another issue diluted It to 10.10%. We can add that at year-end, Simagi is held 88.37% by Jacosta Ventures Ltd, which is 36.17% owned by Freeman (0279), and 13.13% by China Touyun Tech (1332) which subscribed 13m shares for $65m.
Company filing, 30-Apr-2019
This reveals in note 18 that in Aug-2018, Rentian subscribed HK$175m for 2.11% of Satinu Resources Group Ltd (we estimate 21.875m shares @$8) and $50m for 11.63% of Simagi Finance Co Ltd (10m shares @$5), both by issuing promissory notes. Subsequently another issue diluted It to 10.10%. We can add that at year-end, Simagi is held 88.37% by Jacosta Ventures Ltd, which is 36.17% owned by Freeman (0279), and 13.13% by China Touyun Tech (1332) which subscribed 13m shares for $65m.
Freeman (0279) results for 6 months to 30-Sep-2018
| Interim report
Company announcement, 29-Nov-2018
This reveals that in Apr-2018, Freeman acquired 36.17% of Imagination Holding Ltd for $144.5m. In the same month on 23-Apr, Imagi (0585) completed the sale of 50% for $150m to Bob May Inc. (owned by Ms Betty Long Wei), which owned the other half. It appears from the net assets of the associates that Freeman acquired its stake by subscribing 1.7m new shares of Imagination @$85. Next, in Jul-2018, Imagination distributed its 100% subsidiary Jocasta Ventures Ltd, to its shareholders. Jocasta has a money-lending partial subsidiary, Simagi Finance Co Ltd, which has been issuing shares to other members of what we call the "Chung Nam Network".
Company announcement, 29-Nov-2018
This reveals that in Apr-2018, Freeman acquired 36.17% of Imagination Holding Ltd for $144.5m. In the same month on 23-Apr, Imagi (0585) completed the sale of 50% for $150m to Bob May Inc. (owned by Ms Betty Long Wei), which owned the other half. It appears from the net assets of the associates that Freeman acquired its stake by subscribing 1.7m new shares of Imagination @$85. Next, in Jul-2018, Imagination distributed its 100% subsidiary Jocasta Ventures Ltd, to its shareholders. Jocasta has a money-lending partial subsidiary, Simagi Finance Co Ltd, which has been issuing shares to other members of what we call the "Chung Nam Network".
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy