New Western (8242) buys 45% of property vehicle from Alfonso Chu Hin Ming for HK$13.5m in new shares | Completion
Company announcement, 25-Mar-2020
The new shares represent 20% of existing shares so this completely exhausts the general issue mandate. The deal comes 12 days after New Western loaned Mr Chu HK$25m and 9 days after a $22m loan to Mr Chu's business partner Perway Yu Kin Wai, who provided the same underlying security.

• Orgs
  • CresVAL Corporate Advisory Group Limited
  • GSN Corporations Limited
  • Silva Max AP Industry Sdn. Bhd.
  • SMA Pacific Limited
• People
  • Chu, Alfonso Hin Ming 朱顯明
  • Gan, Lin (1979) 甘霖
  • Yu, Perway Kin Wai 余健偉