Firstrate Enterprises Limited

Cheng Yu Tung subscribes 366.275m shares (14.89%) of Fook Woo (0923) @HK$2.40
Company announcement, 7-Oct-2010
Just 6 months and 7 days after the company listed following an IPO at $2.30 per share. The announcement also reveals that Firstrate Enterprises Ltd, the owner of which has not been disclosed, will convert its HK$100m loan to Chairman, Leung Kai Koon, into 168.75m shares (6.86% of the enlarged issued shares), or about $0.593 per share. The loan was first made on 27-Nov-2007.

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