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Hao Tian (0474) buys a yacht for HK$65m

Company announcement, 25-Oct-2012

The yacht, named "aquarius" has been floating around the "Chung Nam Network" for years - its holding company, Uprite Ltd, was acquired by Willie (0273) in May-2008 from a company 75%-owned by Eugene Chuang Yue-chien, brother of Willie's Chairman. Uprite was then injected into a BVI vehicle, Cordoba Homes Ltd, in which numerous listed companies in the network invested. We now consider Hao Tian to have joined the network.

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