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New Western (8242) buys 45% of property vehicle from Alfonso Chu Hin Ming for HK$13.5m in new shares | Completion

Company announcement, 25-Mar-2020

The new shares represent 20% of existing shares so this completely exhausts the general issue mandate. The deal comes 12 days after New Western loaned Mr Chu HK$25m and 9 days after a $22m loan to Mr Chu's business partner Perway Yu Kin Wai, who provided the same underlying security.

Organisations

• CresVAL Corporate Advisory Group Limited 凱評企業咨詢集團有限公司
• Excellence Steps Limited
• GSN Corporations Limited
• Silva Max AP Industry Sdn. Bhd.
• SMA Pacific Limited

People

• Chu, Alfonso Hin Ming 朱顯明
• Gan, Lin (1979) 甘霖
• Yu, Perway Kin Wai 余健偉

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