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NIF (1227) proposes debt settlement with shares and CB issues | Lapse
Company announcement, 9-Feb-2017
The now $30.8m debt was assigned on 20-Jun-2016 by Hansom Finance Ltd to Citizens Money Lending Corp Ltd. Unstated is that Hansom is owned by Freeman (0279), which sold Citizens to Enerchina (0622) on 19-Jul-2016. All companies are in what we call the "Chung Nam Network". NIF is a Chapter-21 investment company which holds shares in a number of CNN hub companies. Update: after several delays due to "additional disclosure requirements" and "prolonged review" by the Stock Exchange, the settlement lapsed on 31-Oct-2017 when "certain conditions" were not met.
Organisations
- Arta TechFin Corporation Limited 裕承科金有限公司
- HANSOM FINANCE LIMITED 恒盛財務有限公司
- National Investments Fund Limited 國盛投資基金有限公司
- Oshidori Citizens Money Lending Corporation Limited 威華達民眾財務有限公司
- Oshidori International Holdings Limited
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