Uptown Enerchine Capital Limited
Enerchina (0622) sells 30% of HEC Securities Co Ltd to Satinu Resources Group Ltd for HK$125m in cash and HK$400m in IOUs
Company announcement, 18-Jan-2018
Company announcement, 18-Jan-2018
Enerchina (0622) buys remaining 70% of HEC Securities Co Ltd
Company announcement, 21-Mar-2017
Another deal in what we call the "Chung Nam Network". Enerchina fails to say who owns the vendor, Satinu Resources Group Ltd, except that Enerchina owns 6.06% of it. The price is $1225m, a 69% premium to the attributable net assets of $723m. Satinu is Unitas backwards. The network has other companies using name reversal: Astrum and Murtsa.
Company announcement, 21-Mar-2017
Another deal in what we call the "Chung Nam Network". Enerchina fails to say who owns the vendor, Satinu Resources Group Ltd, except that Enerchina owns 6.06% of it. The price is $1225m, a 69% premium to the attributable net assets of $723m. Satinu is Unitas backwards. The network has other companies using name reversal: Astrum and Murtsa.
Enerchina (0622) buys 30% of HEC Securities Co Ltd for HK$525m
Company announcement, 15-Dec-2016
As far as we know, the vendor is 100% owned by HEC Capital Ltd, a hub in what we call the "Chung Nam Network". The price is a $236m premium to the attributable net assets at 30-Sep-2016. Enerchina already has an 88.22% subsidiary in financial services called Win Wind Capital Ltd, which owns Win Wind Securities Ltd.
Company announcement, 15-Dec-2016
As far as we know, the vendor is 100% owned by HEC Capital Ltd, a hub in what we call the "Chung Nam Network". The price is a $236m premium to the attributable net assets at 30-Sep-2016. Enerchina already has an 88.22% subsidiary in financial services called Win Wind Capital Ltd, which owns Win Wind Securities Ltd.
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