Polymate Investments Limited
Planetree (0613) buys back 5.32% of Planetree Securities Ltd for HK$50m
Company announcement, 21-Dec-2023
The vendor, Polymate Investments Ltd, is now owned by Kenneth Chan Chak Kai. However, when the stake was issued for $50m in June 2022, Polymate was owned by CST (0985), so Mr Chan must have acquired it since then. The stake was 8.482% when issued, but has since been diluted to 5.32%. CST was privatised on 5-Dec-2023.
Company announcement, 21-Dec-2023
The vendor, Polymate Investments Ltd, is now owned by Kenneth Chan Chak Kai. However, when the stake was issued for $50m in June 2022, Polymate was owned by CST (0985), so Mr Chan must have acquired it since then. The stake was 8.482% when issued, but has since been diluted to 5.32%. CST was privatised on 5-Dec-2023.
Planetree (0613): CST (0985) to inject HK$50m for 8.482% of Planetree Securities Ltd
Company announcement, 6-Jun-2022
Prior to this, the brokerage is a 100% subsidiary of Planetree.
Company announcement, 6-Jun-2022
Prior to this, the brokerage is a 100% subsidiary of Planetree.
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