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Blue River (0498) to subscribe HK$75m for 85 shares (24.64%) of Hope Capital Ltd
Company announcement, 7-Oct-2022
Before the deal, Hope Capital, which owns Hope Securities Ltd, is indirectly 30.76% owned by Oshidori (0622) and 23.08% by each of Imagi (0585), CST (0985) and David Ki. All the listed companies are in what we call the "Chung Nam Network", members of which frequently deal with each other. In July 2022, an Imagi subsidiary lent HK$75m to Blue River. Imagi is 21% owned by Oshidori. CST's stake in Hope Capital wasn't previously disclosed, but the Jun-2022 interim results of Oshidori state that on 26-May, an "independent third party investor" subscribed 60 shares of Hope Capital Ltd for $55m, so that's probably CST. Cordoba Homes Ltd is no longer a shareholder, and its 60 shares appear to have moved to Oshidori (20) and David Ki (40).
Organisations
- Blue River Holdings Limited 藍河控股有限公司
- Blue River Investments Limited
- China Resources Enterprise Ltd.
- CST Group Limited 中譽集團有限公司
- Hope Capital Limited (VG)
- Hope Securities Limited (HK) 希望證券有限公司
- Imagi International Holdings Limited 意力國際控股有限公司
- Kodafly Limited 綠德有限公司
- Oshidori International Holdings Limited
- Violet Fame Limited
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