MAXLORD ENTERPRISES LIMITED 明樂企業有限公司
Planetree (0613) coughs up ownership structure of borrower on 3rd attempt
Company announcement, 12-Oct-2022
5 listed companies currently in what we call the "Chung Nam Network" have indirect stakes in Freeman Opto Money Lending Corp Ltd, via a cross-holding pair of Marshall Islands vehicles. They include Carnival (0996), suspended since Mar-2020, which never previously identified its 2017 investment in FreeOpt Holdings Ltd, China Smarter Energy (1004), suspended since Apr-2021, and National Investments Fund (1227), delisted last month.
Company announcement, 12-Oct-2022
5 listed companies currently in what we call the "Chung Nam Network" have indirect stakes in Freeman Opto Money Lending Corp Ltd, via a cross-holding pair of Marshall Islands vehicles. They include Carnival (0996), suspended since Mar-2020, which never previously identified its 2017 investment in FreeOpt Holdings Ltd, China Smarter Energy (1004), suspended since Apr-2021, and National Investments Fund (1227), delisted last month.
Planetree (0613) subsidiary lends HK$50m to money-lender
Company announcement, 26-Sep-2022
At last disclosure, the lender, Maxlord Enterprises Ltd, is 66.67% owned by Planetree and 33.33% by Blue River (0498). Planetree fails to disclose the owner(s) of the borrower, Freeman Opto Money Lending Corp. The 12-month loan bears interest at 6% p.a..
Company announcement, 26-Sep-2022
At last disclosure, the lender, Maxlord Enterprises Ltd, is 66.67% owned by Planetree and 33.33% by Blue River (0498). Planetree fails to disclose the owner(s) of the borrower, Freeman Opto Money Lending Corp. The 12-month loan bears interest at 6% p.a..
Planetree (0613) part-subsidiary Maxlord Enterprises Ltd lends HK$75m at 4% p.a. to Oshidori (0622) money-lending subsidiary
Company announcement, 31-May-2022
Maxlord is owned 2/3 by Planetree and 1/3 by Blue River (0498). This facility follows an earlier 12-month HK$100m facility on 6-Jan-2022 at the HSBC prime rate. Planetree is 66.87% owned by Future Capital Group Ltd, which was 100% owned by Karen Lo Ki Yan until 17-Feb-2022, when Oshidori agreed to invest HK$750m for a 17.81% stake.
Company announcement, 31-May-2022
Maxlord is owned 2/3 by Planetree and 1/3 by Blue River (0498). This facility follows an earlier 12-month HK$100m facility on 6-Jan-2022 at the HSBC prime rate. Planetree is 66.87% owned by Future Capital Group Ltd, which was 100% owned by Karen Lo Ki Yan until 17-Feb-2022, when Oshidori agreed to invest HK$750m for a 17.81% stake.
Planetree (0613) lends HK$85m to Osman Bin Kitchell and $90m to Kenneth Chan Chak Kai
Company announcement, 1-Mar-2022
The lender, Maxlord Enterprises, is 33.33% owned by Blue River (0498) and 66.67% by Planetree, which is 67.22% owned by Karen Lo Ki Yan. On 30-Dec-2021, Mr Kitchell bought 28.53% of Blue River from Oshidori (0622) for HK$160m. He is Chairman of Imagi (0585), which is 21.31% owned by Oshidori. On 17-Feb-2022, Oshidori invested HK$750m in 17.81% of Future Capital Group Ltd, which until then was 100% owned by Ms Lo. Blue River owns 48.23% of Paul Y. Engineering Group Ltd, of which Mr Chan owns 51.76%, including 10% held via Elemet Ltd, as at 4-Nov-2021. Blue River in Dec-2021 terminated a proposed purchase of his total stake in PYE after the Stock Exchange classified it as a Reverse Takeover.
Company announcement, 1-Mar-2022
The lender, Maxlord Enterprises, is 33.33% owned by Blue River (0498) and 66.67% by Planetree, which is 67.22% owned by Karen Lo Ki Yan. On 30-Dec-2021, Mr Kitchell bought 28.53% of Blue River from Oshidori (0622) for HK$160m. He is Chairman of Imagi (0585), which is 21.31% owned by Oshidori. On 17-Feb-2022, Oshidori invested HK$750m in 17.81% of Future Capital Group Ltd, which until then was 100% owned by Ms Lo. Blue River owns 48.23% of Paul Y. Engineering Group Ltd, of which Mr Chan owns 51.76%, including 10% held via Elemet Ltd, as at 4-Nov-2021. Blue River in Dec-2021 terminated a proposed purchase of his total stake in PYE after the Stock Exchange classified it as a Reverse Takeover.
Planetree (0613) part-subsidiary lends HK$100m to Oshidori WW Resources Ltd
Company announcement, 6-Jan-2022
The money-lender, Maxlord Enterprises Ltd, is 2/3 owned by Planetree and 1/3 by Blue River (0498). The borrower is also a money-lender and a 100% subsidiary of Oshidori (0622).
Company announcement, 6-Jan-2022
The money-lender, Maxlord Enterprises Ltd, is 2/3 owned by Planetree and 1/3 by Blue River (0498). The borrower is also a money-lender and a 100% subsidiary of Oshidori (0622).
PYI (0498) subscribes HK$100m for 1/3 of money-lender owned by Planetree (0613)
| Planetree announcement
Company announcement, 9-Mar-2021
This leaves Planetree with 2/3 of the money-lender, Maxlord Enterprises Ltd. PYI has an option to increase it to 50:50 for another HK$100m by the end of 2021.
Company announcement, 9-Mar-2021
This leaves Planetree with 2/3 of the money-lender, Maxlord Enterprises Ltd. PYI has an option to increase it to 50:50 for another HK$100m by the end of 2021.
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy