Ariana Capital Investment Limited
Censure of IntelliCentrics (6819) and 2 EDs
SEHK, 29-Jun-2021
For diverting almost all of its net IPO proceeds on 27-Mar-2019, the day of listing, into promissory notes issued by offshore companies via AMTD Global Markets Ltd, without evening knowing who owned the companies. AMTD was one of the IPO Joint Bookrunners. We know that one of the borrowers, Ariana Capital Investment Ltd, is or was owned by Andrew Chiu, who became a Vice Chairman of AMTD International Inc (parent of AMTD Global Markets Ltd) in Dec-2019.
SEHK, 29-Jun-2021
For diverting almost all of its net IPO proceeds on 27-Mar-2019, the day of listing, into promissory notes issued by offshore companies via AMTD Global Markets Ltd, without evening knowing who owned the companies. AMTD was one of the IPO Joint Bookrunners. We know that one of the borrowers, Ariana Capital Investment Ltd, is or was owned by Andrew Chiu, who became a Vice Chairman of AMTD International Inc (parent of AMTD Global Markets Ltd) in Dec-2019.
Ariana Capital Investment Ltd buys 10.03% of Bank of Qingdao H-shares (3866.HK)
| Related filing
Disclosure of interest, 26-Jun-2020
Ariana fails to disclose the price. No shareholder of Ariana discloses a corresponding interest, but we know it is or was owned by Andrew Chiu Wah Wai. Mr Chiu is Vice Chairman of AMTD International Inc (NYSE:HKIB). The sellers were 2 wholly-owned subsidiaries of that company, which thereby cuts its holding to 12.76% of the H-shares. Update: the 2020 report of AMTD Intl discloses the sale price of $5.50/share, or HK$972.2m in total. In addition, $3.50 per share, totalling $618.7m, was paid by Ariana to settle a derivative amount due on the same shares, taking the price to $9.00, 80% above the current market price of $5.00.
Disclosure of interest, 26-Jun-2020
Ariana fails to disclose the price. No shareholder of Ariana discloses a corresponding interest, but we know it is or was owned by Andrew Chiu Wah Wai. Mr Chiu is Vice Chairman of AMTD International Inc (NYSE:HKIB). The sellers were 2 wholly-owned subsidiaries of that company, which thereby cuts its holding to 12.76% of the H-shares. Update: the 2020 report of AMTD Intl discloses the sale price of $5.50/share, or HK$972.2m in total. In addition, $3.50 per share, totalling $618.7m, was paid by Ariana to settle a derivative amount due on the same shares, taking the price to $9.00, 80% above the current market price of $5.00.
IntelliCentrics (6819): we put our IPO proceeds into promissory notes arranged by AMTD Global Markets Ltd and didn't announce it, breaching Listing Rules
Company announcement, 19-May-2020
AMTD Global Markets Ltd was a Joint Global Coordinator in the IPO. We know that one of the borrowers, Ariana Capital Investment Ltd, is or was owned by Andrew Chiu, who became a Vice Chairman of AMTD International Inc (parent of AMTD Global Markets Ltd) in Dec-2019.
Company announcement, 19-May-2020
AMTD Global Markets Ltd was a Joint Global Coordinator in the IPO. We know that one of the borrowers, Ariana Capital Investment Ltd, is or was owned by Andrew Chiu, who became a Vice Chairman of AMTD International Inc (parent of AMTD Global Markets Ltd) in Dec-2019.
Andrew Chiu's Ariana Capital Investment Ltd subscribes shares in AMTD International Inc (NYSE:HKIB)
Company filing, 19-Dec-2019
US$38.25m for 4,526,627 A-shares at US$8.45 each.
Company filing, 19-Dec-2019
US$38.25m for 4,526,627 A-shares at US$8.45 each.
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