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Applied Dev (0519) invests HK$200m in 20% of JV
Company announcement, 12-Dec-2016
The JV is 80% owned by China Tian Yuan International Finance Ltd, the owner of which is not disclosed. The JV has total assets of HK$790.82m at 30-Nov-2016, of which the major investment is "certain domestic shares", the identity of which is not disclosed. We can tell you from other filings that the JV owns 22.02% of the domestic shares of Nanjing Sample Tech (H-shares: 1708) acquired for CNY635.22m on 29-Sep-2016 and that CTYIFL is ultimately owned by Mr Jia Tianjiang.
Organisations
- Applied Development Holdings Limited
- China Tian Yuan Finance Group (Holdings) Limited 中國天元金融集團(控股)有限公司
- CHINA TIAN YUAN INTERNATIONAL FINANCE LIMITED 中國天元國際金融有限公司
- NANJING SAMPLE TECHNOLOGY COMPANY LIMITED 南京三寶科技股份有限公司
- Wealth Guide Global Limited (b2016-06-16)
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