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.
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.
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$160m
| Oshidori 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. Update: the 2021 Oshidori annual report reveals that the sale was for $16m plus a 3-month 0% IOU for $144m which was early-settled after the year-end.
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. Update: the 2021 Oshidori annual report reveals that the sale was for $16m plus a 3-month 0% IOU for $144m which was early-settled after the year-end.
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".
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 subsidiary
| Disclosure 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.
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.
Company announcement, 23-Jan-2020
CEGFL also gets a seat on the board of Simagi.
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).
Company circular, 23-May-2006
Borrowers include Chow Kam Wah, Osman bin Kitchell, Koji Shimazaki and Unity (0913).
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