Kitchell, Osman Bin

Imagi (0585) subsidiary lends HK$75m to Blue River (0498) at 5% p.a. for 12 months
Company announcement, 18-Jul-2022
Blue River is 28.53% owned by Imagi Chairman Osman bin Kitchell. As this is less than 30%, it is not a Connected Transaction under the Listing Rules. Imagi is 21% owned by Oshidori (0622). Trading in the shares of Blue River has been suspended since 20-May-2022.
Planetree (0613) lends HK$85m to Osman Bin Kitchell and $90m to Kenneth Chan Chak Kai
Company announcement, 1-Mar-2022
The lender, Maxlord Enterprises, is 33.33% owned by Blue River (0498) and 66.67% by Planetree, which is 67.22% owned by Karen Lo Ki Yan. On 30-Dec-2021, Mr Kitchell bought 28.53% of Blue River from Oshidori (0622) for HK$160m. He is Chairman of Imagi (0585), which is 21.31% owned by Oshidori. On 17-Feb-2022, Oshidori invested HK$750m in 17.81% of Future Capital Group Ltd, which until then was 100% owned by Ms Lo. Blue River owns 48.23% of Paul Y. Engineering Group Ltd, of which Mr Chan owns 51.76%, including 10% held via Elemet Ltd, as at 4-Nov-2021. Blue River in Dec-2021 terminated a proposed purchase of his total stake in PYE after the Stock Exchange classified it as a Reverse Takeover.
Osman Bin Kitchell buys 28.53% of Blue River (0498) from Oshidori (0622) for HK$160mOshidori filing
Disclosure of interest, 30-Dec-2021
The price per share is $0.5079, a 435% premium to the closing price on 30-Dec-2021. As of 30-Dec-2021, the stock remains in the custody of Planetree Securities Ltd. Mr Kitchell is Chairman of Imagi (0585) which is 21.31% owned by Oshidori at its last filing.
China Touyun Tech (1332) subsidiary Era Bright Ltd lent HK$50m to Osman Bin Kitchell
Company announcement, 29-Apr-2020
The 1-year loan began on 20-Sep-2019, so this is late disclosure. It bore interest at 10% p.a. and was guaranteed by an unnamed company but was repaid in Jan-2020. Osman bin Kitchell, described only as "a merchant", is and was the Acting Chairman of Imagi (0585). Both companies are in what we call the "Chung Nam Network".
Planetree (0613): late disclosure of buybacks by a subsidiaryDisclosure of interest
Company announcement, 12-Mar-2020
"After receiving guidance from The Stock Exchange", Planetree discloses that Liberty Capital Ltd repurchased 330 shares from Great Panorama International Ltd on 13-Dec-2019 (the day after Planetree completed its initial 2000-share subscription), and 335 shares each from Roxxon Ltd and CST (0985) a week later, a total of 1000 shares. It says GPI was owned by Osman Bin Kitchell and Roxxon was owned by David Ki. The total buyback cost was HK$127.2m, almost half of what Planetree initially injected. We note that in the Planetree circular dated 31-Oct-2019, GPI had 3 unnamed shareholders. 1 of them was Mr Kitchell with 59.30%. According to disclosures of interest in Inno-Tech (8202), on 27-Sep-2019 GPI was transferred by Mr Kitchell to High Rhine Ltd, where it remained at least until 28-Apr-2020, after the share repurchase.
CEGFL (0379) - additional disclosure on Simagi Finance Co Ltd ownership and directors
Company announcement, 23-Jan-2020
CEGFL also gets a seat on the board of Simagi.
Passport funds v eSun (0571) & others: costs
HK Court of First Instance, 19-Jan-2012
Passport funds v eSun (0571) & others
HK Court of First Instance, 8-Jun-2011
List of loans by Willie in material contracts
Company circular, 23-May-2006
Borrowers include Chow Kam Wah, Osman bin Kitchell, Koji Shimazaki and Unity (0913).

Sign up for our free newsletter

Recommend Webb-site to a friend

Copyright & disclaimer, Privacy policy

Back to top