UPRITE LIMITED (VG)
Hao Tian (0474) buys a yacht for HK$65m
Company announcement, 25-Oct-2012
The yacht, named "aquarius" has been floating around the "Chung Nam Network" for years - its holding company, Uprite Ltd, was acquired by Willie (0273) in May-2008 from a company 75%-owned by Eugene Chuang Yue-chien, brother of Willie's Chairman. Uprite was then injected into a BVI vehicle, Cordoba Homes Ltd, in which numerous listed companies in the network invested. We now consider Hao Tian to have joined the network.
Company announcement, 25-Oct-2012
The yacht, named "aquarius" has been floating around the "Chung Nam Network" for years - its holding company, Uprite Ltd, was acquired by Willie (0273) in May-2008 from a company 75%-owned by Eugene Chuang Yue-chien, brother of Willie's Chairman. Uprite was then injected into a BVI vehicle, Cordoba Homes Ltd, in which numerous listed companies in the network invested. We now consider Hao Tian to have joined the network.
Willie buys "Aquarius" yacht from Hennabun, then approx 75%-owned by Eugene Chuang Yue Chien, for HK$94m
Company announcement, 2-May-2008
Company announcement, 2-May-2008
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