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CST (0985) subscribes US$13m of fund to invest in pre-IPO | Supplement
Company announcement, 29-Mar-2021
A supplement 45 days later reveals that the Investment Manager, Great Bay Securities Ltd, is 67% owned by Paul Suen Cho Hung and 33% by Mr Liu Zhiyi. Our database records a person of that name is former Chairman and CEO of EPI (0689). There are also "management shares" held by Tise Capital Management Ltd, which is owned by Bryant Zhang Yu Tao. The fund is US$150m and has invested in 0.714% of New Gains Group Ltd, at a pre-IPO valuation of HKS$163.5bn (US$21bn). Prior to the deal, New Gains was 100% owned by China Evergrande (3333). For more, see our coverage of Evergrande..
Organisations
- CST Group Limited 中譽集團有限公司
- Fangchebao Group Co. Ltd.
- GREAT BAY SECURITIES LIMITED 大灣區深港證券有限公司
- NEW GAINS GROUP LIMITED
- Tise Capital Management Limited
- Tise Opportunities SPC
- UniComp Global Ltd
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