Green River Associates Limited (MH)

Blue River (0498) grants HK$150m loan facility to Green River Associates Ltd
Company announcement, 7-Dec-2022
Can a Cyan River be far away? The announcement reveals that CST (0985) now owns 17.35% of Green River. It was formerly 100% owned by Planetree (0613) which in 2020 sold 60% (now 49.59%) to Alice Yu Man Fung. At the time, Planetree stated that Ms Yu and Karen Lo Ki Yan, controlling shareholder of Planetree, "have known each other for many years".
Planetree (0613) sells 60% interest in investment portfolio to Alice Yu Man Fung for HK$240m
Company announcement, 11-Dec-2020
The portfolio held by Green River Associates Ltd (Marshall Islands) comprises 5 unnamed HK-listed stocks. The buyer and Karen Lo Ki Yan, controlling shareholder of Planetree, "have known each other for many years". Planetree will continue to manage the portfolio. Reducing GRA to a 40% associate means that its future disposals and acquisitions of stocks will be outside the scope of the Listing Rules for Planetree.

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