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Enterprise Dev (1808) to buy 50% of Taiping Securities from China Taiping (0966) | CCASS movements
Company announcement, 15-Nov-2017
This is interesting, because it appears from Webb-site CCASS Analysis that Rentian (0885) may have pledged its 38.71% controlling shareholding of Enterprise Dev to Taiping Securities in July this year, something that the announcement does not mention. For the sale, China Taiping would receive new shares and a convertible bond in Enterprise Dev. That raises the question of whether Rentian and China Taiping will be acting in concert to control Enterprise Dev.
Organisations
- CHINA TAIPING INSURANCE HOLDINGS COMPANY LIMITED 中國太平保險控股有限公司
- Enterprise Development Holdings Limited (KY) 企展控股有限公司
- KINGSTON SECURITIES LIMITED 金利豐證券有限公司
- Rentian Technology Holdings Limited
- Taiping Securities (HK) Co Limited 太平証券(香港)有限公司
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