Z & Z International Limited (VG)

Pass the parcel: Willie (0273) buys basement of China United Centre from HEC Capital for HK$170m
Company announcement, 20-Apr-2015
Avoiding 8.5% double stamp duty, Willie is buying the BVI company which indirectly owns the property. It was previously owned by Dragonite (0329) until 21-Jan-2014, by Heritage (0412) until 4-May-2011 and by Z & Z International Ltd until 25-Apr-2008. Even earlier, it was owned by China United Holdings Ltd, the former incarnation of Willie, which bought the property in 1997 for HK$470m. So it has now come full circle. All are in the "Chung Nam Network"
Tack Fat (0928) diversifies
Company announcement, 30-Aug-2011
Like fellow members of what we call the "Chung Nam Network", Tack Fat is applying for a money-lender's license and is going to start investing in securities - presumably of other listed group members. It is also acquiring Z & Z International Ltd from Mr Au Yeung Kai Wah and Mr Kenneth Chan Chak Kai for HK$16m.
Heritage (0412) buys basement of China United Centre
Company announcement, 29-Apr-2008
Forefront buys Leapfly Ltd from Z & Z International Ltd for HK$20m
Company announcement, 18-Oct-2007
The vendor is purportedly owned by Bonnie Chu See Ming, Au Yeung Kai Wah, and Kenneth Chan Chak Kai. Leapfly had earlier been acquired on 10-Apr-06 by Freeman from Willie for $7m. We don't know when Freeman sold and to whom.
Forefront agrees to buy Leapfly Ltd from Z & Z International Ltd for HK$39m, then aborts it
Company announcement, 1-Aug-2007
We note that Leapfly was purchased from Willie (0273) by Freeman (0279) on 10-Apr-2006 for HK$7m

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