China Nuclear Energy Technology Corporation Limited 中國核能科技集團有限公司

Credit China (8207) disposes interest in 100m shares of Tack Hsin (0611)
Disclosure of interest, 20-Jun-2011
Probably by selling a convertible bond.
Credit China (8207) acquires interest in 100m shares of Tack Hsin (0611)
Disclosure of interest, 22-Mar-2011
This is probably a convertible bond acquired off-market. Credit China was listed on 19-Nov-2010.
China Fortune (290) lends HK$150m to subscriber of Tack Hsin (0611) CB
Company announcement, 16-Mar-2011
According to a past circular from Tack Hsin, the borrower is owned by "China Nuclear Construction Group Company". The $200m CB deal was announced back on 26-Jan-2010 and has still not completed. The current deadline is 17-Mar-2011.
Tack Hsin scraps acquisition of 7.5% of China Nuclear Concrete
Company announcement, 15-Jan-2011
Tack Hsin restructures acquisition to issue $120m CB convertible at $1.20.
Company announcement, 29-Dec-2010
The original deal was announced on 23-Dec-2010. The name of the vendor's owner is now disclosed as Ms Jiang Hailing, but we know nothing about her.
Tack Hsin proposes acquisition for HK$120m plus 100m warrants exercisable at $1.20
Company announcement, 23-Dec-2010
The target will own 15% of a pipe maker. The warrants are exercisable at a 61.66% discount to the market price of $3.13, so they have an intrinsic value of $193m, making a total purchase price of at least $313m. The pro rata share of underlying net profits is only RMB3.66m. The owner of the BVI vendor is not disclosed.
Tack Hsin delays issue of convertible bonds to China Nuclear Construction subsidiary
Company announcement, 17-Sep-2010
Circular on HK$200m CB issue and acquisition of 7.5% of China Nuclear
Company circular, 26-Feb-2010
The circular now discloses that Zhong He Investment, which owns the bond subscriber, is owned by "China Nuclear Construction Group Company", a PRC State-owned enterprise.
Asia Energy Logistics (0351) buys shares in Tack Hsin (0611) for 10x NAV
Company announcement, 18-Feb-2010
Tack Hsin proposes $200m CB issue and acquisition of 7.5% of China Nuclear Concrete Co Ltd for CNY6.43m
Company announcement, 20-Jan-2010
The HK subscriber is owned by Zhong He Investment Co Ltd, a "PRC State-owned enterprise". The bond conversion price is $0.50, a 76.2% discount to market price of $2.10. China Nuclear makes concrete and concrete products.
Tack Hsin identifies subscriber as Mr Lee Yu Leung
Company announcement, 13-Oct-2009
We note that until 31-Oct-05 a Mr Lee Yu Leung was a director of China Fortune Group Ltd (0290), which owns the placing agent in this deal. In 2002 he was publicly reprimanded by the SFC.
Tack Hsin's secret subscriber
We look at restaurant operator Tack Hsin's moves to put itself in play, and peer again into the gaping hole in Hong Kong's Listing Rules which permits the people involved in deals with listed companies to remain anonymous. Hong Kong is building its reputation as a sunny place for shady people. (7-Oct-2009)
Towry Law (Asia) HK Ltd offers ex-gratia payments to Investors in GDT and GOT and is severely reprimanded
SFC, 17-Aug-2004
Statement on Towry Law (Asia) HK Ltd
SFC, 27-May-2004
SFC suspends Mr Antonio Henrique Young Ping Chiu for 6 weeks
SFC, 16-Aug-2002
Takeovers & Mergers Panel sanctions Anthony Wong Man Shek & Asia Financial (Assets Management) Ltd
SFC, 2-Apr-2002
Decision and Cold Shoulder order against Anthony Wong Man Shek
HK Takeovers and Mergers Panel, 2-Apr-2002
Breach of Listing Rules - Practice Note 19
Company announcement, 20-Dec-2001
Breach of Listing Rules - Practice Note 19
Company announcement, 5-Dec-2001
Concentration warning
Company announcement, 20-Aug-2001

Sign up for our free newsletter

Recommend Webb-site to a friend

Copyright & disclaimer, Privacy policy

Back to top