COSMOPOLITAN INTERNATIONAL HOLDINGS LIMITED

P&R swaps 8.25% of Cosmopolitan (0120.HK) for shares in AMTD International (NYSE:HKIB) with AMTD Group Co Ltd
Company announcement, 24-Jan-2020
P&R is owned 50:50 by Paliburg (0617) and Regal Hotels (0078), a 69.25% subsidiary of Paliburg. The deal is valued at HK$626.1m based on an AMTD price of US$8.45 and a Cosmopolitan price of HK$1.70. The 9.5m A-Shares in AMTD International are 16.89% of the class, 3.87% of the equity and 0.25% of the voting rights, raising the Paliburg group holding to 34.82% of the class, 8.84% of the equity and 0.58% of the voting rights.
P&R and Cosmo (0120) acquire shares in AMTD Intl (NYSE:HKIB)Circular
Company announcement, 2-Jan-2020
P&R is owned 50:50 by Paliburg (0617) and its subsidiary Regal Hotels (0078). P&R's subsidiary Cosmo sells, on the year-end date, a failed investment in Yuancheng Logistics to Fortis Fund IV Ltd. The circular reveals this is owned by Mr Cong Lin, a director of a controlling shareholder of AMTD Group. In return, Cosmo buys 6.069m A-shares in AMTD Intl from AMTD Group for HK$400m. P&R is also sells 4.98% of Cosmo to International Merchants Holdings for HK$374m. The circular reveals this is 90% owned by Qu Xiao Chuan. In return, P&R buys 5.674m A-shares of AMTD Intl for HK$374m. Finally, P&R sells 50% of a hotel in Sheung Wan to AMTD Group for $270m (net of debt), of which $60m is in cash and the rest an IOU.
The paid advert opposing the blackout rule
With links to the signatories in Webb-site Who's Who. (29-Dec-2008)
Eric Edward Hotung v Ho Yuen Ki, his children and his trustee
HK Court of First Instance, 4-Mar-2005
The Baron Network
In another exclusive, Webb-site.com blows the lid off a network of cross-holdings involving Kenfair (0223), Cosmopolitan (0120), GR Investment (0310), Golden Resources (0677) and China Investment Fund (0612), probably involving multiple breaches of Listing Rules and possibly the Takeover Code, but as yet there has been no regulatory action. (14-Apr-2004)
SFC Prosecutes Hotung Enterprises Limited, Eric Edward Hotung and Ho Shu Wah under the Securities (Disclosure of Interests) Ordinance
SFC, 3-Mar-2004
Anthony Eric Ryan Hotung & Sean Eric Mclean Hotung v Ho Yuen Ki
HK Court of Appeal, 7-Nov-2002
Anthony Eric Ryan Hotung & Sean Eric Mclean Hotung v Ho Yuen Ki
HK Court of First Instance, 26-Jun-2002

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