Eternity Investment Limited 永恒策略投資有限公司
Topsearch (2323) buys & subscribes 9.15% of SkyNet (8176) @$4.80 for HK$200m
| SkyNet announcement
Company announcement, 23-Nov-2016
Topsearch is buying 6.25m shares (1.49% of existing shares) from Eternity Investment (0764), and subscribing for 35,416,666 new Skynet shares. Eternity is selling down 25m shares of its existing 52m shares (12.39%) stake. At $4.80, the existing market cap of SkyNet is $2015m, but at 30-Jun-2016, it had net tangible assets of just HK$81.4m. Pre-placing, the top 6 holders have 91.48% of SkyNet. It's a bubble.
Company announcement, 23-Nov-2016
Topsearch is buying 6.25m shares (1.49% of existing shares) from Eternity Investment (0764), and subscribing for 35,416,666 new Skynet shares. Eternity is selling down 25m shares of its existing 52m shares (12.39%) stake. At $4.80, the existing market cap of SkyNet is $2015m, but at 30-Jun-2016, it had net tangible assets of just HK$81.4m. Pre-placing, the top 6 holders have 91.48% of SkyNet. It's a bubble.
China Star Entertainment (0326) sells Classic Statue Ltd to Glenstone Investments Ltd
| Circular
Company announcement, 15-May-2008
Glenstone is 60% owned by Tiffany Chen Ming Yin and 40% owned by her husband Charles Heung Wah Keung. CSL owns 29.9% of Riche Multi-Media (0764), 8.68% of Brilliant Arts Multi-Media (8130) and a convertible bond issued by the latter.
Company announcement, 15-May-2008
Glenstone is 60% owned by Tiffany Chen Ming Yin and 40% owned by her husband Charles Heung Wah Keung. CSL owns 29.9% of Riche Multi-Media (0764), 8.68% of Brilliant Arts Multi-Media (8130) and a convertible bond issued by the latter.
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