Wealth Guide Global Limited (b2016-06-16)

Applied Dev (0519) invests HK$200m in 20% of JV
Company announcement, 12-Dec-2016
The JV is 80% owned by China Tian Yuan International Finance Ltd, the owner of which is not disclosed. The JV has total assets of HK$790.82m at 30-Nov-2016, of which the major investment is "certain domestic shares", the identity of which is not disclosed. We can tell you from other filings that the JV owns 22.02% of the domestic shares of Nanjing Sample Tech (H-shares: 1708) acquired for CNY635.22m on 29-Sep-2016 and that CTYIFL is ultimately owned by Mr Jia Tianjiang.

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