Freeman Securities Limited 民眾證券有限公司

Huarong and the Chung Nam Network
Webb-site can reveal another SFC investigation underway involving dealings in Pak Wing (8316). The manipulation of this GEM bubble reveals another connection between China Huarong (2799) and what we call the "Chung Nam Network". The more we scrutinise Huarong, the worse it looks. Will the State end up bailing out the bailer? (3-Oct-2018)
Freeman (0279) buys 63.66m shares (7.95%) of Pak Wing (8316) on 7-Jun-2018CCASS changes
Disclosure of interest, 11-Jun-2018
The price of $1.25 per share is 2.5x the $0.50 at which Pak Wing's Chairman, Zhang Weijie, placed 74.52m shares via Freeman on 13-Jul-2017 which went to Win Wind Securities. After some market sales, we can see 63.66m shares remaining in WW by 3-Oct-2017, after which blocks moved from WW to Satinu Markets (and 7.452m out of CCASS) until Freeman picked them all up in this purchase. All of WW, Satinu and Freeman are in what we call the "Chung Nam Network". The foundation subcontractor had net tangible assets of just $0.002 per share at 30-Sep-2017.
Pak Wing (8316): restoration of public floatCCASS movements
Company announcement, 13-Jul-2017
After the purchase of 600m shares (75%) at $0.50 by 27 year-old Mr Zhang Weijie and a general offer via Freeman Securities, he held 84.32%. He has now placed the 74.52m excess shares (9.32%), again via Freeman, at the same $0.50 price, a deep discount to the market price of $1.45. Our CCASS analysis shows the shares moving to the custody of Win Wind Securities Ltd. Both Freeman and Win Wind are in what we call the "Chung Nam Network". Freeman is a subsidiary of Freeman Fintech (0279) and Win Wind is a subsidiary of Enerchina (0622).
Freeman (0279) to buy People Securities Co Ltd
Company announcement, 1-Sep-2016
You can never own too many brokers. Freeman also controls Freeman Securities Ltd.
Mission Capital (1141) lends HK$120m to Freeman Securities Ltd
Company announcement, 4-Mar-2015
Freeman Securities is 100% owned by Freeman Corp, which is majority-owned by Freeman Financial (0279) which owns 8.42% of Mission Capital. Both are in what we call the "Chung Nam Network".
Tack Fiori (0928) issues 20% new shares at 18.7% discount for HK$77.2m to Mr Wang Liang
Company announcement, 9-Dec-2013
The placing agent is Freeman Securities. Both companies are in what we call the "Chung Nam Network".
China Yunnan Tin Minerals (0263) sells 8.77% of Freeman Securities back to Freeman (0279)Freeman announcement
Company announcement, 21-Mar-2013
Freeman (0279) buys Freeman Securities Ltd from Ng Chor Yam for HK$50m
Company announcement, 19-Jul-2011

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