HANSOM FINANCE LIMITED 恒盛財務有限公司

Disciplinary action against 4 ex-directors of Arta TechFin (0279)
SEHK, 4-May-2023
The money-lending business via Hansom Finance Ltd was "seriously mismanaged" with loans of HK$2.28bn in 9 months from Jul-2017 to Apr-2018, of which 93% were disbursed to third-party nominees (sometimes, the same nominee) and $1.9bn went sour. We wonder why the police are not involved.
Hansom Finance Ltd v Lai Leong
HK Court of First Instance, 19-Feb-2021
Mr Lai is ordered to repay an outstanding loan of HK$32.7m plus interest.
Hansom Finance Ltd v Chen Jiarong
HK Court of First Instance, 30-Dec-2020
Hansom, a subsidiary of Freeman FinTech (0279), has already assigned the debt to someone else: Emperor Jade Group Limited (whoever that is). Accordingly, it has no standing against Mr Cheng and cannot have summary judgment.
NIF (1227) proposes debt settlement with shares and CB issuesLapse
Company announcement, 9-Feb-2017
The now $30.8m debt was assigned on 20-Jun-2016 by Hansom Finance Ltd to Citizens Money Lending Corp Ltd. Unstated is that Hansom is owned by Freeman (0279), which sold Citizens to Enerchina (0622) on 19-Jul-2016. All companies are in what we call the "Chung Nam Network". NIF is a Chapter-21 investment company which holds shares in a number of CNN hub companies. Update: after several delays due to "additional disclosure requirements" and "prolonged review" by the Stock Exchange, the settlement lapsed on 31-Oct-2017 when "certain conditions" were not met.
Norman Ho Yik Kin, former ED of Tack Fiori (0928) disqualified for 6 years
HK Court of First Instance, 9-Oct-2014
Freeman (0279) subsidiary Hennabun issues HK$200m in shares to Enerchina (0662)
Company announcement, 4-Nov-2010
Freeman also lends $500m to Hennabun from 1-Nov-2010, to be reduced to $250m by 31-Dec-2010. Freeman notes that a Director with 0.08% of Freeman owns about 1.1% of Hennabun. The only such director is Sue Au Shuk Yee.
Freeman (0279) lends $50m to Hennabun
Company announcement, 27-Jun-2006

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