In this article
Imagi (0585) sells its half of a money-lender to JV partner | Circular
Company announcement, 2-Feb-2018
The announcement fails to state who owns the purchaser, Bob May Incorporated (BVI), but the subsequent circular says it is Ms. Betty Long Wei, "a Hong Kong businesswoman active in the area of investment". The JV, Imagination Holding Ltd, owns Simagi Finance Co Ltd, a money lender. The circular also reveals that on 5-Dec-2016, the JV subscribed for "certain shares" of Genius Spring Ltd, which was 100%-owned by China Touyun Tech (1332), another company in what we call the "Chung Nam Network". The CTT 2016 accounts show that was a 9.9% stake in Genius Spring, subscribed for HK$21.39m. We note that Ms. Long was the owner of an LED company which had an aborted sale to CTT in 2015.
Organisations
- Bob May Incorporated
- GENIUS SPRING LIMITED
- Imagi International Holdings Limited 意力國際控股有限公司
- Imagination Holding Limited
- SIMAGI FINANCE COMPANY LIMITED
- Touyun Biotech Group Limited 透雲生物科技集團有限公司
People
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy