Mainland Talent Developments Limited

Karen Lo Ki Yan sells 50% of Mainland Talent Developments Ltd to its other shareholder, CindyYau Shum Tek, for HK$35m
Company announcement, 20-Dec-2002
MTD owns 726.918m shares (23.33%) of Hansom Eastern (0279) so the effective price is $0.0241 per Hansom share. On 20-Dec-2002, the stock closed at $0.033. The pair bought the controlling stake in Hansom from ITC Corp (0372) for HK$180m on 10-Nov-2000. There has since been a 2:1 rights issue at $0.10, costing MTD HK$48.5m.
Karen Lo Ki Yan and Cindy Yau Shum Tek buy 33.98% of Tung Fong Hung (0279) from ITC (0372) for HK$180m
Company announcement, 10-Nov-2000
The effective price is HK$0.743 per share, a 207% premium to market. The entire board of directors is being replaced, but there will be no general offer as the Takeover offer trigger is 35%, so this is a takeunder. $70m of the payment is deferred for 6 months.

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