Hao Tian (1341) buys 49% of investor in fund investing in pre-IPO from Mr Su Junhao
Company announcement, 26-Apr-2021
The consideration for 49% of Kingdom Future Ltd is HK$286.24m payable in new shares of Hao Tian at $0.33 per share, giving Mr Su 11.52% of the enlarged Hao Tian. Kingdom Future is investing US$75m in Tise Opportunities Fund SPC, which is investing in New Gains Group Ltd, until now a 100% subsidiary of China Evergrande (3333). Also investing in the fund is CST (0985). For more, see our coverage of Evergrande.
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CST (0985) subscribes US$13m of fund to invest in pre-IPO
Company announcement, 29-Mar-2021
A supplement 45 days later reveals that the Investment Manager, Great Bay Securities Ltd, is 67% owned by Paul Suen Cho Hung and 33% by Mr Liu Zhiyi. Our database records a person of that name is former Chairman and CEO of EPI (0689). There are also "management shares" held by Tise Capital Management Ltd, which is owned by Bryant Zhang Yu Tao. The fund is US$150m and has invested in 0.714% of New Gains Group Ltd, at a pre-IPO valuation of HKS$163.5bn (US$21bn). Prior to the deal, New Gains was 100% owned by China Evergrande (3333). For more, see our coverage of Evergrande..
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SFC suspends Ricky Man Kin Wai for 2 months
SFC, 22-Nov-2000
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SFC reprimands Pacific Challenge Securities Limited for failure of supervision