Cogobuy (0400): breach of Listing Rules: late disclosure of loans to Blueberry Capital Ltd

Cogobuy reveals that during 2017 it granted a US$230m loan facility to Blueberry. KPMG quit as auditors 5 weeks ago citing insufficient information to be satisfied that the loans were properly accounted for. Cogobuy again fails to mention that the BVI firm was a cornerstone investor in its 2014 IPO. The owner(s) of this firm have not been disclosed. We note that Viewtran Group Inc, a former NASDAQ firm controlled by Jeffrey Kang, Cogobuy's CEO, sold substantially all its assets to Blueberry in 2015 for US$70m before delisting and retaining the proceeds. This is the only other reference to Blueberry that we can find online. So who owns it, Mr Kang?

Organisations

Blueberry Capital Limited (VG)
Ingdan, Inc. 硬蛋創新
KPMG (HK)
Viewtran Group, Inc.

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