Planetree (0613) buys back 5.32% of Planetree Securities Ltd for HK$50m
Company announcement, 21-Dec-2023
The vendor, Polymate Investments Ltd, is now owned by Kenneth Chan Chak Kai. However, when the stake was issued for $50m in June 2022, Polymate was owned by CST (0985), so Mr Chan must have acquired it since then. The stake was 8.482% when issued, but has since been diluted to 5.32%. CST was privatised on 5-Dec-2023.
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Planetree (0613): CST (0985) to inject HK$50m for 8.482% of Planetree Securities Ltd
Company announcement, 06-Jun-2022
Prior to this, the brokerage is a 100% subsidiary of Planetree.
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Osman Bin Kitchell buys 28.53% of Blue River (0498) from Oshidori (0622) for HK$160m
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.
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Yugang (0613) subscribes HK$270m for 52.63% of Liberty Capital Ltd (Cayman)
Company announcement, 20-May-2019
This Major Transaction comes 3 weeks after Karen Lo Ki Yan completed a takeover of Yugang. Earlier, on 19-Dec-2018, Yugang provided a HK$50m line of credit to the target. The target owns Hui Kai Securities Ltd and Hui Kai Futures Ltd, which were wholly-owned by Tai United (0718) until it sold two 33.5% chunks of their holding company on 18-Jan-2018 and the remaining 33% on 1-Jun-2018 to then-unnamed buyers.
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Planetree Securities Limited Public Disciplinary Actions