FDG Kinetic Limited 五龍動力有限公司
SHK & Co (0086) lends HK$700m to an unnamed company...
Company announcement, 22-Dec-2014
But we can tell you that the borrower is almost certainly FDG Electric Vehicles (0729) which is currently making an offer for CIAM (0378). Allied Properties (0056), which owns 70% of SHK, gets a HK$14m "referral fee". The loan rate of 1.5% per month is 19.6% APR.
Company announcement, 22-Dec-2014
But we can tell you that the borrower is almost certainly FDG Electric Vehicles (0729) which is currently making an offer for CIAM (0378). Allied Properties (0056), which owns 70% of SHK, gets a HK$14m "referral fee". The loan rate of 1.5% per month is 19.6% APR.
SBI, E2 and Xinhua Finance
We reveal how a mini-investment bank was assembled and injected into two listed companies at great expense to them, then gradually sold off, and how at least some of the SFC-regulated firms came under the ownership of someone who now faces criminal charges in the USA in relation to newsletter stock promotion schemes for companies which include the first Chinese company to list in Japan. (18-May-2010)
We reveal how a mini-investment bank was assembled and injected into two listed companies at great expense to them, then gradually sold off, and how at least some of the SFC-regulated firms came under the ownership of someone who now faces criminal charges in the USA in relation to newsletter stock promotion schemes for companies which include the first Chinese company to list in Japan. (18-May-2010)
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