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Company announcement, 4-Nov-2021
The voting rights over a 10% stake had on 1-Jun-2021 been assigned by Mr Chan to Blue River, which already owns 48.23% of PYE. 14 days before that, South Shore (0577) lost control of the 51.76% stake when the stake's holding company was sold by a lender to an unnamed third party for HK$150m. On 29-Jul-2021 Mr Chan agreed to sell the entire stake to Blue River, but the Stock Exchange regards this as a Reverse Takeover of PYE, a decision which will be appealed to the Listing Committee.
Organisations
- Blue River Holdings Limited 藍河控股有限公司
- BlueSail Limited
- Dragon Mission Enterprise Limited
- Elemet Limited
- Paul Y. Engineering Group Limited 保華建業集團有限公司
- South Shore Holdings Limited 南岸集團有限公司
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