Emperor Investments Limited (VG)
Imagi (0585) half-year results for 30-Jun-2016
Company announcement, 28-Aug-2016
This reveals that on 2 consecutive days in March, Imagi injected cash into 3 hubs in what we call the "Chung Nam Network": 6.2m shares of Joint Global Ltd @HK$7.29 for $45.198m; 450k shares of FreeOpt Holdings Ltd @$100 for $45m; and 7.5m shares of Freewill Holdings Ltd @$5.03 for $37.725m, a total of $127.923m. Within 4 months, an impairment of $52.19m was necessary as "all of these companies have experienced losses due to disposal of their respective investments at a loss".
Company announcement, 28-Aug-2016
This reveals that on 2 consecutive days in March, Imagi injected cash into 3 hubs in what we call the "Chung Nam Network": 6.2m shares of Joint Global Ltd @HK$7.29 for $45.198m; 450k shares of FreeOpt Holdings Ltd @$100 for $45m; and 7.5m shares of Freewill Holdings Ltd @$5.03 for $37.725m, a total of $127.923m. Within 4 months, an impairment of $52.19m was necessary as "all of these companies have experienced losses due to disposal of their respective investments at a loss".
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