Planetree (Cayman) Capital Limited
Planetree (0613) subsidiary Planetree (Cayman) Capital Ltd (formerly Liberty Capital Ltd) buys out remaining minorities
| CTT announcement
Company announcement, 4-Aug-2020
9.8% comes from Oshidori (0622) and 8.0% from China Touyun Tech (1332), at a total price of HK$93.6m ($117,000 per share).
Company announcement, 4-Aug-2020
9.8% comes from Oshidori (0622) and 8.0% from China Touyun Tech (1332), at a total price of HK$93.6m ($117,000 per share).
Planetree (0613): late disclosure of buybacks by a subsidiary
| Disclosure of interest
Company announcement, 12-Mar-2020
"After receiving guidance from The Stock Exchange", Planetree discloses that Liberty Capital Ltd repurchased 330 shares from Great Panorama International Ltd on 13-Dec-2019 (the day after Planetree completed its initial 2000-share subscription), and 335 shares each from Roxxon Ltd and CST (0985) a week later, a total of 1000 shares. It says GPI was owned by Osman Bin Kitchell and Roxxon was owned by David Ki. The total buyback cost was HK$127.2m, almost half of what Planetree initially injected. We note that in the Planetree circular dated 31-Oct-2019, GPI had 3 unnamed shareholders. 1 of them was Mr Kitchell with 59.30%. According to disclosures of interest in Inno-Tech (8202), on 27-Sep-2019 GPI was transferred by Mr Kitchell to High Rhine Ltd, where it remained at least until 28-Apr-2020, after the share repurchase.
Company announcement, 12-Mar-2020
"After receiving guidance from The Stock Exchange", Planetree discloses that Liberty Capital Ltd repurchased 330 shares from Great Panorama International Ltd on 13-Dec-2019 (the day after Planetree completed its initial 2000-share subscription), and 335 shares each from Roxxon Ltd and CST (0985) a week later, a total of 1000 shares. It says GPI was owned by Osman Bin Kitchell and Roxxon was owned by David Ki. The total buyback cost was HK$127.2m, almost half of what Planetree initially injected. We note that in the Planetree circular dated 31-Oct-2019, GPI had 3 unnamed shareholders. 1 of them was Mr Kitchell with 59.30%. According to disclosures of interest in Inno-Tech (8202), on 27-Sep-2019 GPI was transferred by Mr Kitchell to High Rhine Ltd, where it remained at least until 28-Apr-2020, after the share repurchase.
Planetree (0613): supplemental disclosure on the other holders of Liberty Capital Ltd
Company announcement, 14-Feb-2020
Referring to its earlier announcement of a capital injection into Liberty Capital Ltd, Planetree now confirms the identity of the other holders. "Investor A" is Oshidori (0622) and "Investor B" is China Touyun Tech (1332). We note that Oshidori first mentioned the subscription of 440 shares in its interim results on 28-Aug-2019, and CTT first mentioned the subscription of 360 shares in its interim results on 23-Aug-2019. There is still no explanation of how the issued shares were reduced from 3800 to 2800 before the capital injection.
Company announcement, 14-Feb-2020
Referring to its earlier announcement of a capital injection into Liberty Capital Ltd, Planetree now confirms the identity of the other holders. "Investor A" is Oshidori (0622) and "Investor B" is China Touyun Tech (1332). We note that Oshidori first mentioned the subscription of 440 shares in its interim results on 28-Aug-2019, and CTT first mentioned the subscription of 360 shares in its interim results on 23-Aug-2019. There is still no explanation of how the issued shares were reduced from 3800 to 2800 before the capital injection.
CEGFL (0379) swaps property vehicle for 35% of Top Insight, a subsidiary of Planetree (0613)
| Planetree announcement
Company announcement, 23-Jan-2020
Prior to this, Top Insight is 100% owned by Planetree (BVI) Capital Ltd, which is indirectly 100% owned by Planetree (Cayman) Capital Ltd, which is 82.22% owned by Planetree (0613), 9.78% owned by Oshidori (0622) and 8.00% owned by China Touyun Tech (1332). The deal basically combines 2 properties under one holding joint venture.
Company announcement, 23-Jan-2020
Prior to this, Top Insight is 100% owned by Planetree (BVI) Capital Ltd, which is indirectly 100% owned by Planetree (Cayman) Capital Ltd, which is 82.22% owned by Planetree (0613), 9.78% owned by Oshidori (0622) and 8.00% owned by China Touyun Tech (1332). The deal basically combines 2 properties under one holding joint venture.
Planetree (0613) injects HK$227.7m into subsidiary Liberty Capital Ltd
| Circular
Company announcement, 22-Jan-2020
This increases its stake from 2000/2800 (71.43%) to 3700/4500 (82.22%). The remaining holders will be "Investor A" with 9.78% and "Investor B" with 8.00%. After Planetree's original investment in Liberty, there were 3800 shares and it held 52.63%, so this also begs the question: when were 1000 shares cancelled?
Company announcement, 22-Jan-2020
This increases its stake from 2000/2800 (71.43%) to 3700/4500 (82.22%). The remaining holders will be "Investor A" with 9.78% and "Investor B" with 8.00%. After Planetree's original investment in Liberty, there were 3800 shares and it held 52.63%, so this also begs the question: when were 1000 shares cancelled?
Yugang (0613) subscribes HK$270m for 52.63% of Liberty Capital Ltd (Cayman)
Company announcement, 20-May-2019
This Major Transaction comes 3 weeks after Karen Lo Ki Yan completed a takeover of Yugang. Earlier, on 19-Dec-2018, Yugang provided a HK$50m line of credit to the target. The target owns Hui Kai Securities Ltd and Hui Kai Futures Ltd, which were wholly-owned by Tai United (0718) until it sold two 33.5% chunks of their holding company on 18-Jan-2018 and the remaining 33% on 1-Jun-2018 to then-unnamed buyers.
Company announcement, 20-May-2019
This Major Transaction comes 3 weeks after Karen Lo Ki Yan completed a takeover of Yugang. Earlier, on 19-Dec-2018, Yugang provided a HK$50m line of credit to the target. The target owns Hui Kai Securities Ltd and Hui Kai Futures Ltd, which were wholly-owned by Tai United (0718) until it sold two 33.5% chunks of their holding company on 18-Jan-2018 and the remaining 33% on 1-Jun-2018 to then-unnamed buyers.
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy