Huang, Rulun 黃如論
Hao Tian (0474) buys back 16.53% minority in Hao Tian Finance for HK$200m in new shares at $0.25
| Circular
Company announcement, 8-Jul-2019
They fail to say who owns the vendor, which will receive 13.15% of the enlarged shares of Hao Tian. The subsequent circular reveals it to be owned 50% by Huang Tao, 40% by Huang Shi Ying and 10% by Wong Yu Fong. We know that Huang Tao and Huang Shi Ying are sons of property developer Mr Huang Rulun, who previously held 60%.
Company announcement, 8-Jul-2019
They fail to say who owns the vendor, which will receive 13.15% of the enlarged shares of Hao Tian. The subsequent circular reveals it to be owned 50% by Huang Tao, 40% by Huang Shi Ying and 10% by Wong Yu Fong. We know that Huang Tao and Huang Shi Ying are sons of property developer Mr Huang Rulun, who previously held 60%.
China Innovative Finance (0412) bubble
Hao Tian Development (0474) has confirmed our view by dumping 9.06% of CIFG at a 61.9% discount, still well above the net tangible asset value of $0.099. CIFG should trade below NTAV due to its appalling governance and membership of what we call the "Chung Nam Network". The purported profits of its leasing division are largely illusory and depend heavily on 1 customer in which CIFG has invested. HTD has also been allowed by HKEX to skirt the Listing Rules on corporate transactions. (26-Sep-2016)
Hao Tian Development (0474) has confirmed our view by dumping 9.06% of CIFG at a 61.9% discount, still well above the net tangible asset value of $0.099. CIFG should trade below NTAV due to its appalling governance and membership of what we call the "Chung Nam Network". The purported profits of its leasing division are largely illusory and depend heavily on 1 customer in which CIFG has invested. HTD has also been allowed by HKEX to skirt the Listing Rules on corporate transactions. (26-Sep-2016)
Hao Tian (0474): dilution of interest in Hao Tian Finance
Company announcement, 28-Apr-2015
The announcement fails to say who owns the subscriber, Century Golden Resources Investment Co. Ltd.. We can tell you it is 60% owned by Mr Huang Rulun. It also owns a 13% stake in Heritage (0412), another member of what we call the "Chung Nam Network".
Company announcement, 28-Apr-2015
The announcement fails to say who owns the subscriber, Century Golden Resources Investment Co. Ltd.. We can tell you it is 60% owned by Mr Huang Rulun. It also owns a 13% stake in Heritage (0412), another member of what we call the "Chung Nam Network".
Sign up for our free newsletter
Recommend Webb-site to a friend
Copyright & disclaimer, Privacy policy