SIMSEN CAPITAL FINANCE LIMITED 天行財務融資有限公司
Simsen Capital Finance Ltd v Jiang Quanlong, Chairman of China Rare Earth (0769) and Pan Asia Environmental Protection (0556)
| Loan announcement
HK Court of First Instance, 16-Mar-2017
The defence case involves a tale of Macau gambling debts and the people behind Imperial Pacific (1076). The original loan was announced by Simsen (now Huarong International Financial Holdings Ltd) on 27-Jun-2014, but it did not disclose the borrower. The plaintiff's application for summary judgment in the amount of HK$212m is dismissed. The court rules that there is a triable issue as to whether the loan is enforcable.
HK Court of First Instance, 16-Mar-2017
The defence case involves a tale of Macau gambling debts and the people behind Imperial Pacific (1076). The original loan was announced by Simsen (now Huarong International Financial Holdings Ltd) on 27-Jun-2014, but it did not disclose the borrower. The plaintiff's application for summary judgment in the amount of HK$212m is dismissed. The court rules that there is a triable issue as to whether the loan is enforcable.
Simsen (0993) sells Mayer $300m promissory note to Lee Yuk Lun for $10m
Company announcement, 13-Feb-2012
The promissory note was part of the security for a loan amount of $76m, of which $50m was syndicated to China Properties Inv (0736). Lee Yuk Lun is Chairman and CEO of Rising Development (1004).
Company announcement, 13-Feb-2012
The promissory note was part of the security for a loan amount of $76m, of which $50m was syndicated to China Properties Inv (0736). Lee Yuk Lun is Chairman and CEO of Rising Development (1004).
China Properties Inv (0736) intends to consent to sale of Mayer (1116) promissory notes by Simsen (0993) in Make Success loan
Company announcement, 2-Feb-2012
Company announcement, 2-Feb-2012
China Properties Inv (0736) lends HK$50m to Make Success Ltd via Simsen (0993)
Company announcement, 28-Jul-2011
CPI gets 18% p.a. - but we know from previous announcements that Power Alliance gets 23% and Simsen Capital Finance gets 24% p.a. This announcement doesn't mention what the security is: the Simsen announcement of 7-Jun-2011 will tell you: promissory notes and convertibles issued by Mayer (1116) in in acquisition.
Company announcement, 28-Jul-2011
CPI gets 18% p.a. - but we know from previous announcements that Power Alliance gets 23% and Simsen Capital Finance gets 24% p.a. This announcement doesn't mention what the security is: the Simsen announcement of 7-Jun-2011 will tell you: promissory notes and convertibles issued by Mayer (1116) in in acquisition.
Simsen (0993) lends HK$76m to Zhang Xinyu's Make Success Ltd
Company announcement, 7-Jun-2011
At 24% p.a., secured by HK$300m of promissory notes and $90m of convertible notes which were issued by Mayer Holdings Ltd (1116) in an acquisition. $28m of this loan is passed to Power Alliance Ltd at 23% p.a.,
Company announcement, 7-Jun-2011
At 24% p.a., secured by HK$300m of promissory notes and $90m of convertible notes which were issued by Mayer Holdings Ltd (1116) in an acquisition. $28m of this loan is passed to Power Alliance Ltd at 23% p.a.,
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