HEC Finance 03 Ltd v Chen Jiarong & another
HK Court of First Instance, 15-Nov-2019
Mr Chen, former Chairman of KK Culture (0550) is being pursued for a debt of HK$337m which was secured on 1.3bn shares of Freeman (0279), a member of what we call the "Chung Nam Network", as is the lender.
Imagi (0585) lends HK$100m to an unnamed money-lender2nd announcement
Company announcement, 2-May-2018
The second announcement names it as HEC Finance 03 Limited. No surprise there - they are both in what we call the "Chung Nam Network". The borrower was incorporated in 2003 and was formerly known as "Sun Chung Nam Finance Limited"

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