Capital VC (2324) dilutes holders againOptions announcement
Company announcement, 2-Feb-2018
The "Enigma Network" investment company is blowing the general mandate, issuing 19.96% new shares at $0.05, not mentioning the 84.9% discount to Net Asset Value of $0.3308 at 31-Dec-2017. The board claims the issue is "in the interests of the Company and the Shareholders as a whole". The placing agent, Infast Brokerage, is 95% owned by GCPS (8193), another Enigma member. 3 minutes eariler, Capital VC announced a grant of 275m options at $0.058 to unnamed persons. That's another potential 10% enlargement of the share base at an 82.5% discount to NAV. We call on the SFC to direct the Stock Exchange to reject the listing application for all the new shares.
GCPS (8193) to buy 95% of IAM Group Inc. for HK$80.75m from Andy Lai Kui Shing
Company announcement, 9-Dec-2015
IAM owns stockbroker Infast Brokerage Ltd.
Thunder Sky Battery (0729) sells Infast Brokerage Ltd
Company announcement, 7-Jan-2011
The owners of the purchaser were not disclosed.
Carico (0279) agreement to acquire Infast Brokerage Ltd, 24-Jan-2006
Company filing, 28-Jul-2006
Carico (0279) buys Infast Brokerage LtdCircular
Company announcement, 26-Jan-2006
SFC reprimands Infast Brokerage Ltd for failing to detect unauthorised dealings in clients' accounts
SFC, 8-Sep-2004

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