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China Inno Fin (0412) belatedly details investments at 31-Mar-2016
Company announcement, 13-Jul-2016
This follows a complaint by Webb-site to SEHK. The firm held 9.95% of China Smarter Energy (1004), 4.49% of Huarong (0993) and 1.34% of Carnival (0996), as well as having sunk HK$340.8m into Joint Global Ltd, the newest unlisted hub in what we call the "Chung Nam Network". It provides no details of this significant investment, which in our view should have been announced when made. This was in fact a share swap of 56.8m shares of HEC Capital Ltd for the same number of shares of JG valued at $6 each.
Organisations
- Carnival Group International Holdings Limited 嘉年華國際控股有限公司
- China Smarter Energy Group Holdings Limited 中國智慧能源集團控股有限公司
- HEC Capital Limited
- Huarong International Financial Holdings Limited 華融國際金融控股有限公司
- Joint Global Limited (MH)
- Mass Nation Investments Limited
- SHANDONG HI-SPEED HOLDINGS GROUP LIMITED 山高控股集團有限公司
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