Lo, Karen Ki Yan 羅琪茵

The national investment fund that isn't
A Friday night announcement illustrates all that is wrong with HK's Listing Rules for closed-end funds. (23-Mar-2019)
The Joint Global implosion
A collapse in a hub of the "Chung Nam Network" has wiped about HK$2bn off the balance sheets of at least 11 listed companies, many of which never announced that they had invested in it. We piece together an ugly jigsaw and call on the SFC to investigate and HKEX to wake up and require announcements. (30-Sep-2016)
Agreement between Hao Tian (0474) and Ristora Investments Ltd dated 22-Jul-2013
Company filing, 2-Jul-2014
This recent filing under the Takeovers Code shows that the director of Ristora was Karen Lo Ki Yan. Ristora sold 45m shares of HEC Capital Ltd to Hao Tian for HK$270m.
Hao Tian (0474) buys 45m shares (5.04%) of HEC Capital Ltd from Ristora Investments Ltd for HK$270m
Company announcement, 22-Jul-2013
The vendor's owner is not disclosed, but in a previous filing, as of 15-Jan-2012, it was Karen Lo Ki Yan.
Enerchina (0622) invests HK$300m in 18.01% of Cordoba Homes Ltd
Company announcement, 25-Jan-2011
Before this, Cordoba is owned as follows: 40.71% owned by "a listed company". That is Willie (0273), 17.57% by Hennabun, into which Enerchina has already sunk HK$200m, and 32.94% and 8.78% owned by "two private companies". The last time we heard, those are Ristora Investments and Supreme Castle Investments, owned by Karen Lo Ki Yan and Paul Suen Cho Hung respectively. Enerchina is now firmly part of what we call the "Chung Nam Network".
Willie's subsidiary Cordoba gives Karen Lo Ki Yan another 6.5 months to pay up
Company announcement, 15-Sep-2010
She paid HK$100m on 15-Dec-2009, $50m on 16-Mar-2010 and $30m today. That leaves $275m outstanding, now extended to 31-Mar-2011.
Willie's subsidiary Cordoba gives Karen Lo Ki Yan another 6 months to pay up
Company announcement, 16-Mar-2010
Regarding the HK$450m subscription, the outstanding amount of HK$300m is extended to 16-Sep-2010 in return for a payment of HK$5m.
Willie sells 39.43% of Cordoba Homes Ltd to Karen Lo Ki Yan at HK$90m discountCircular
Company announcement, 2-Oct-2009
Assets include a yacht, artwork, paintings and a 10 carat diamond! According to a circular dated 23-Aug-07, the diamond was purchased from Karen Lo Ki Yan on 23-Apr-07 for $10m.
Willie buys House A, Sunshine Villa from Hero City Trading Ltd for HK$88m
Company announcement, 15-Jun-2007
Note: at the time of this transaction, Hero City was a subsidiary of Hennabun which was controlled by Freeman. On 21-Dec-05, Hennabun acquired Collier Assets Ltd, which owned the house via Apex Novel Ltd, for $49m, being $85m for the house less bank loan of $36m. Collier Assets was formerly owned by Karen Lo Ki Yan.
Heritage "independent shareholders" veto acquisition of House A, Sunshine Villa from Karen Lo Ki Yan by 99.64%
Company announcement, 7-Nov-2005
Heritage conditionally agrees to buy House A, Sunshine Villa from Karen Lo Ki Yan for $73.8m with $35m deposit
Company announcement, 2-Aug-2005
Karen Lo Ki Yan subscribes 9.99% of Heritage for $29.12m
Company announcement, 20-Dec-2004

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