Ready Gain Limited
Pa Shun (0574): key findings of forensic investigation into Malaysian property deals
Company announcement, 27-Oct-2023
Company announcement, 27-Oct-2023
Pa Shun (0574): termination of Malaysian property purchases
Company announcement, 12-May-2022
It turns out that the Malaysian companies, 49% of which was acquired in 2019 from Perway Yu Kin Wai and Alfonso Chu Hin Ming, did not own the properties and the Developer has now terminated the transactions - presumably due to default. We note that Pa Shun bought the stakes on the basis of the valuation of the properties.
Company announcement, 12-May-2022
It turns out that the Malaysian companies, 49% of which was acquired in 2019 from Perway Yu Kin Wai and Alfonso Chu Hin Ming, did not own the properties and the Developer has now terminated the transactions - presumably due to default. We note that Pa Shun bought the stakes on the basis of the valuation of the properties.
Pa Shun (0574) buys 49% of Malaysian property vehicle from Perway Yu Kin Wai and Alfonso Chu Hin Ming for HK$45.325m in new shares
| Completion
Company announcement, 10-Mar-2019
Company announcement, 10-Mar-2019
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