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Yugang (0613) subscribes HK$270m for 52.63% of Liberty Capital Ltd (Cayman)
Company announcement, 20-May-2019
This Major Transaction comes 3 weeks after Karen Lo Ki Yan completed a takeover of Yugang. Earlier, on 19-Dec-2018, Yugang provided a HK$50m line of credit to the target. The target owns Hui Kai Securities Ltd and Hui Kai Futures Ltd, which were wholly-owned by Tai United (0718) until it sold two 33.5% chunks of their holding company on 18-Jan-2018 and the remaining 33% on 1-Jun-2018 to then-unnamed buyers.
Organisations
- Planetree (BVI) Capital Limited
- Planetree (Cayman) Capital Limited
- Planetree Cayman Limited
- Planetree Futures Limited 梧桐期貨有限公司
- Planetree International Development Limited 梧桐國際發展有限公司
- Planetree Securities Limited 梧桐證券有限公司
- Tai United Holdings Limited 太和控股有限公司
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