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Pak Wing (8316): restoration of public float | CCASS movements
Company announcement, 13-Jul-2017
After the purchase of 600m shares (75%) at $0.50 by 27 year-old Mr Zhang Weijie and a general offer via Freeman Securities, he held 84.32%. He has now placed the 74.52m excess shares (9.32%), again via Freeman, at the same $0.50 price, a deep discount to the market price of $1.45. Our CCASS analysis shows the shares moving to the custody of Win Wind Securities Ltd. Both Freeman and Win Wind are in what we call the "Chung Nam Network". Freeman is a subsidiary of Freeman Fintech (0279) and Win Wind is a subsidiary of Enerchina (0622).
Organisations
- Arta Global Markets Limited 裕承環球市場有限公司
- Arta TechFin Corporation Limited 裕承科金有限公司
- China Hongbao Holdings Limited 中國紅包控股有限公司
- Oshidori International Holdings Limited
- Oshidori Securities Limited 威華達證券有限公司
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