New China OCT Fund SPC
The Huarong-CMB network: 26 stocks not to own
In our first circuit diagram since the infamous Enigma Network, we examine the overlapping networks, bubbles and funding surrounding 26 HK-listed companies that your portfolio would probably do better without. (19-Oct-2018)
In our first circuit diagram since the infamous Enigma Network, we examine the overlapping networks, bubbles and funding surrounding 26 HK-listed companies that your portfolio would probably do better without. (19-Oct-2018)
CMBC Capital (1141) subscribes HK$300m in "Segregated Portfolio"
Company announcement, 15-Mar-2018
The segregated portfolio company will do only 1 thing: make a HK$400m loan to Delta Link Holdings Ltd (BVI), personally guaranteed by unnamed Guarantor and secured on shares in unnamed HK Listco. From disclosures of interests, we can tell you that the Guarantor is David Wang Weixian, and the Listco is Greenland HK (0337), of which he owns 14.33% and is Founder and Executive Director. He is initially pledging 8.90%. This appears to partly fund repayment of a $500m loan from Huarong Inv (2277) which simultaneously released a charge on the same number of shares.
Company announcement, 15-Mar-2018
The segregated portfolio company will do only 1 thing: make a HK$400m loan to Delta Link Holdings Ltd (BVI), personally guaranteed by unnamed Guarantor and secured on shares in unnamed HK Listco. From disclosures of interests, we can tell you that the Guarantor is David Wang Weixian, and the Listco is Greenland HK (0337), of which he owns 14.33% and is Founder and Executive Director. He is initially pledging 8.90%. This appears to partly fund repayment of a $500m loan from Huarong Inv (2277) which simultaneously released a charge on the same number of shares.
BOCOM Intl (3329) invests US$100m in class A2 shares of New China OTC Fund
Company announcement, 27-Dec-2017
BOCOM says the US$210m fund will make indirect investment in an unnamed PRC residential and commercial property company. We can tell you this is 51% of Chongqing OCT Real Estate Ltd. The fund bought it from OCT (3366) which retains 49% and owns 35% of the fund manager. BOCOM is providing US$100m of fixed-return second-tier funding at 8% p.a., ranking behind the US$60m A1 tier.
Company announcement, 27-Dec-2017
BOCOM says the US$210m fund will make indirect investment in an unnamed PRC residential and commercial property company. We can tell you this is 51% of Chongqing OCT Real Estate Ltd. The fund bought it from OCT (3366) which retains 49% and owns 35% of the fund manager. BOCOM is providing US$100m of fixed-return second-tier funding at 8% p.a., ranking behind the US$60m A1 tier.
OCT (3366) sells 51% of Chongqing project to New China OCT Fund SPC
Company announcement, 14-Nov-2017
Company announcement, 14-Nov-2017
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy