Freeman (0279) buys 63.66m shares (7.95%) of Pak Wing (8316) on 7-Jun-2018

The price of $1.25 per share is 2.5x the $0.50 at which Pak Wing's Chairman, Zhang Weijie, placed 74.52m shares via Freeman on 13-Jul-2017 which went to Win Wind Securities. After some market sales, we can see 63.66m shares remaining in WW by 3-Oct-2017, after which blocks moved from WW to Satinu Markets (and 7.452m out of CCASS) until Freeman picked them all up in this purchase. All of WW, Satinu and Freeman are in what we call the "Chung Nam Network". The foundation subcontractor had net tangible assets of just $0.002 per share at 30-Sep-2017.

Organisations

Arta Global Markets Limited 裕承環球市場有限公司
Arta TechFin Corporation Limited 裕承科金有限公司
China Hongbao Holdings Limited 中國紅包控股有限公司
Oshidori Securities Limited 威華達證券有限公司
SEEKERS MARKETS LIMITED 中南金融有限公司

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