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13 Holdings (0577) proposes sale of 51.76% of Paul Y. Engineering Group Ltd for HK$300m
Company announcement, 28-Jun-2017
45.76% to ITC Properties (0199) and 6% to Mr Chan Fut Yan, an ED of the target and ITCP. The shares of the Vendor, 13 (BVI) Ltd, were charged in 2016 as security for a HK$319m loan (plus $21.24m accrued interest) from Evo PE Opportunities, Ltd. It is a condition of sale that the security is discharged.
Organisations
- 13 (BVI) Limited (The)
- 13 Hotel (BVI) Limited (The)
- Evo PE Opportunities, Limited
- ITC Properties Group Limited 德祥地產集團有限公司
- Paul Y. Engineering Group Limited 保華建業集團有限公司
- Precious Year Limited
- South Shore Holdings Limited 南岸集團有限公司
- Tycoon Bliss Limited
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