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Skyway Securities (1141) buys 2 Lincoln Road from Central Wealth Financial (0572) at HK$403m | CWF announcement
Company announcement, 4-Mar-2016
Skyway is buying the BVI shell that owns the house via a HK subsidiary, avoiding 23.5% or $94.7m in Buyer's Stamp Duty (15%) and Double Stamp Duty (8.5%). CWF completed the purchase of the HK subsidiary on 30-Nov-2015. CWF reveals that the ultimate vendor then is a substantial shareholder of Skyway and an Executive Director of Skyway is sister of that person. So that person must be Lam Hoi Sze, brother of Lin Yuehe, Chairman of Skyway since 1-Mar-2016. CWF will become a 9.31% shareholder of Skyway.
Organisations
- CMBC Capital Holdings Limited 民銀資本控股有限公司
- Future World Holdings Limited 未來世界控股有限公司
- Gold Mission Limited
- METRO VICTOR LIMITED 進鴻有限公司
- Sky Eagle Global Limited
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