Smart Masterly Limited 亮暉控股有限公司

Forefront (0885) buys 40% of Easy Talent Ltd from Smart Masterly Ltd for RMB65.6m
Company announcement, 24-Apr-2015
The other 60% is owned by Winsino Investments Ltd, but the announcement doesn't say who owns that. We can tell you it is owned by Enterprise Development (1808). That firm is 28.63% owned by Mr King Pak Fu, who also owns 70.71% of Forefront. The announcement also doesn't say who owns the vendor. We can tell you that the vendor acquired the stake from ED for RMB50m in late 2012, at which time Smart Masterly was owned by Shenzhen-listed United Electronics (SZ:002642).
Enterprise Development (1808) issues 40% of Easy Talent Ltd to United Electronics Co., Ltd. (SZ:002642) for RMB50m
Company announcement, 5-Nov-2012
Easy Talent Ltd is a new Cayman wrapper for Liang Hui Holdings Ltd, a BVI wrapper which Enterprise Development acquired in 2010 for HK$96m. The new deal implies a value on Liang Hui of RMB75m before new money.

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