342C
QUAM LIMITED*1617
*
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1267892153
– 1 –
(i)
7.31%(ii)
4.90%(iii)
Karvin (Hong Kong) Ltd.19.23%(iv)
12.31%(v)
19.23%(vi)
19.23%(vii)
17.79%(v)(vii)
– 2 –
11,740,0003.250.072163,055,5555.06%
529,860,72042,332,467
– 3 –
0.0151,934,116,6292,086,166,277
396
0.01
120,360,526
Newer Challenge Holdings LimitedOlympia AsianLimited
– 4 –
26126
%
– 5 –
(5)(3)
1,934,116,6292,086,166,2773,223,527,71730,000,000
0.015
(5)(3)
29,000,00028,000,000
– 6 –
– 7 –
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
– 8 –
QUAM LIMITED*
Clarendon House2 Church StreetHamilton HM 11Bermuda
9932
0.0151,934,116,6292,086,166,2773,223,527,71730,000,00029,000,000(5)(3)
*
– 9 –
(5)(3)
3,223,527,717
1,934,116,62960.00%37.50%
120,360,52630,000,00090,360,52654,216,315
163,055,55597,833,333
29,000,000
– 10 –
(i)(ii)
100100
10
0.015
– 11 –
(i)
0.0350.0%(ii)
0.024438.5%0.03(iii)
0.032153.3%(iv)(v)
0.01315.4%0.013750.0139.1%(vi)
0.01388.7%
2,000
– 12 –
(i)
(ii)(iii)
(iv)
(v)(vi)
(i)(v)
343,315,912
– 13 –
Newer Challenge Holdings LimitedOlympia Asian Limited
1,590,800,7181,742,850,366
2.5%
3,223,527,7171,934,116,62990,360,52630,000,000120,360,526163,055,55530,000,0003,476,943,7982,086,166,2775,563,110,075
– 14 –
28,000,000
– 15 –
915,509,09916.46%572,193,18717.75%915,509,09917.75%2,506,309,81648.60%2,604,143,14948.06%12,948,030585,141,2170.40%18.15%20,716,848936,225,9470.40%18.15%281,605,7361,197,114,8355.06%21.52%12,948,0302,519,257,8460.25%48.85%176,003,5852,780,146,7343.25%51.31%4,033,3330.13%81.72%100.00%6,453,3334,214,965,0665,157,644,3460.13%81.72%100.00%38,453,3334,327,541,9075,563,110,0750.69%77.79%100.00%4,033,3332,634,353,1675,157,644,3460.08%51.07%100.00%4,033,3332,634,353,1675,418,533,2340.07%48.62%100.00%2,634,353,1673,223,527,717
104Quam Limited - Rights Issue Account
– 16 –
104
104
– 17 –
104Quam Limited - Excess Application Account
– 18 –
2,000
Quamnet
– 19 –
2,000
– 20 –
10,000,000,000
100,000,000
3,223,527,717
1,934,116,629
5,157,644,346
19,341,16651,576,44332,235,277
10%
0.0380.2290,360,52630,000,000
– 21 –
11,740,0000.072163,055,555
55,37011,77067,140
(2,758)30,34627,588
181,181181,181
(37,957)4,779(33,178)(1,643)(34,821)
61(34,760)
(34,760)
(15,080)(13,347)(28,427)(2,054)(30,481)
(30,481)
(30,481)
(89,493)(89,493)(6,549)(96,042)
41(96,001)(445)(96,446)
– 22 –
222
34
56, 21
7– 23 –
55,37011,77067,140
2,606(22,845)
(11,215)(38,650)(5,848)6,089(7,640)(22,815)
(37,957)4,779
(33,178)(1,643)(34,821)
61(34,760)
(1.10)
(2,758)30,34627,58810,730(4,305)(3,155)(13,282)(20,669)(3,518)666(22,482)
(15,080)(13,347)(28,427)(2,054)(30,481)
(30,481)(1.38)
1011
13
1415
16
171819
2021
5
18– 24 –
32,12213,19927,1434,130
----------------
76,59486,0966,37877,116
2234,12213,538
----------------
217,27249,96025,91611,74031636,000336
----------------
124,268----------------
93,004
169,59832,235137,327
----------------
169,56236
----------------
36169,598
14,23216,285
----------------
30,517
6,47525,9841,927174,639
----------------
209,025
12,32825,074
948336
----------------38,686
----------------
170,339
200,856
31,688168,816
----------------
200,504
36316
----------------
352
200,856
111213
15
17
2021
– 25 –
248293,306
----------------293,55468769,679684----------------71,050
5,03411,740
----------------16,774
----------------
54,276
347,83032,235315,595347,830
353224,97710,000----------------
235,330
9951,927170,930----------------
173,852
2,6608----------------
2,668
----------------
171,184
406,514
31,688374,826406,514
22(a)
22(d)22(e)
22(b)
– 26 –
----------------
(77,163)2,606(1,518)(125)----------------
963
----------------
283
(829)76(992)(85,248)(17,846)
----------------(104,839)----------------
(180,756)
(500)(948)(1,397)
----------------
(2,845)(183,601)174,639(8,962)
13,538(22,500)(8,962)
----------------
(94,488)
9,822(1,677)(377)
----------------
7,768
----------------
(1,897)
9,728916(16,285)2,500
----------------(5,038)
----------------
(91,758)
315,52018,692(37,119)(1,762)(3,969)
----------------
291,362199,604
(24,965)174,639
174,639
174,639
21
(34,760)
(34,760)
(30,481)(197,398)(227,879)
HKSAHKSASSAP
SSAP 9
SSAP 14SSAP 26SSAP 28SSAP 29SSAP 30SSAP 31SSAP 32
– 27 –
SSAP 30SSAP 301(a)SSAP 31
10
5 10
– 28 –
1(f)(ii)
– 29 –
1110
– 30 –
– 31 –
6,1894,4899,15817,11614,5115043,40355,370
11,770--------------
67,1402,606
--------------
2,606
69,746
2,119(4,877)
(2,758)
30,346--------------
27,58810,257473--------------10,73038,318
38,5101,1191,7701,3964,617908097,64094,91410,090172,77515,151104,25929,677(982)10,678(38,529)15,0157,37511,7704,77967,140(27,357)(5,821)(33,178)(1,643)(34,821)61(34,760)292,1851,681293,866105,00419,300124,30439,9065,7361121,8608097,640– 32 –
2,119(4,877)30,346(9,691)
(4,877)
(13,347)
23,427
18,212
9,889
18,12716,639
14,4061,369
5702,868
– 33 –
27,588(27,915)(512)(28,427)(2,054)(30,481)
51,528188,014239,542
34,7664,27239,038
15,7754283,43880
7,8263,944
11,770------------67,140
21,6318,715
30,346------------27,588
55,370------------(2,758)------------
(32,136)------------(14,568)------------
(408)(902)6,0894,779------------(27,357)(5,821)(33,178)
(9,476)(4,537)666
(13,347)------------(27,915)(512)(28,427)
6,08924
666112
1,1357251,24011,2165,4693798095,917224
51430,1682,9026161,712903634
– 34 –
1,290125216121,643
1,3783772992,054
(778)(13,661)2,079(12,360)
1,212(48,626)2,079(45,335)
1,990(23,965)
(21,975)
1,9908,54610,536
3636
456(420)36
62,502,00031,544,000
34,760,00030,481,0003,169,694,9012,203,141,347
– 35 –
1,241
185
176,00026,000
5664240380
4,7745,134
3,2893,669
7
29
2065,700,00023
2,575
43010111
1,000,000
1,000,001 1,500,000 1,500,001 2,000,000
– 36 –
1,000,000
1,000,001 1,500,000
2
1
20,641
(809)(1,135)18,697
20,641(1,944)18,697
– 37 –
2
14,150
(725)13,425
14,150(725)13,425
1
34,791(809)(1,860)32,122
34,791(2,669)32,122
1,6982,4331,0202,2752,272
5,567
--------------3,4533,812
7,265
--------------
14,17582916,458(401)31,061--------------
17,62882920,270(401)38,326--------------
2,3763,57313,712(101)19,560--------------
3,3965,84815,984(101)25,127--------------
11,50111,799
13,19914,232
1,327,0001,706,000
122220
126133
248353
7198
169
--------------1014
24
--------------81112
193
--------------291
291
--------------1437
150
--------------4347
441
--------------
– 38 –
159,929(51,538)198,456(13,541)293,306
51,538(51,538)224,977
224,977
#APC Capital (Holdings)Limited3,180,000109,520,00010211,0001100%100%100%Wolf HoldingsLimited100%100%8,119,9741100,000102,000,00012150,000,0001100%100%###Quam CorporateServices Limited#100%100%100%100%– 39 –
(2000)1,000,0001100%#6,500,00014,000,000105,000,00012,0001100%#100%100%100%100%100%Quam Ventures (BVI)Limited#Well FoundationCompany Limited
11210100%100%100%
42%42%6%
1,49020,0005,00065327,143
2,500,000
16,285
16,285
10,000
10,000
– 40 –
6090
53,395,00032,701,0006,475,000
180
181360
32,701
32,701
5,7327436,475
76,0381,07877,116
1,9271,927
69,679
69,679
1,9271,927
17,166,00032,794,00012,328,000
180
181360360
32,794
32,794
8,3603,73623212,328
APC Capital (Holdings) Limited3.25%0.0720.01
– 41 –
163,055,5555%
357357(41)316(316)
1,0723571,429(165)1,264(948)316
316316
9483161,264
74,600,000235,000,00013
10,000,000,0000.01
100,000
100,000
– 42 –
0.010.010.01
31,688825(278)32,235
Quamnet(a)
3,168,759,392
82,540,325(27,772,000)3,223,527,717293,400,00015,451,429(205,900,953)1,100,000,0001,200,000,000831,228,916(65,420,000)3,168,759,392
0.100.100.010.010.010.010.01
29,3401,545(29,855)11,00012,0008,312(654)31,688
0.190.0555,000,00077,540,3250.01HKGrowth.comCompany Limited
27,772,00015,451,000iBest LimitediBestLimited15,451,429iBest Limited0.1015,451,4290.100.010.100.0130,885,143308,851,4290.101,029,504102,950,4760.0129,855,639(d)NewerChallenge Holdings Limited0.10500,000,000 0.10600,000,0000.180.011,200,000,000
(b)
(c)
(d)
(e)
(f)
– 43 –
(g)
0.19
0.01831,228,916Quamnet
65,420,000
(h)
80%1010%25%Quamnet
QuamnetQuamnetQuamnet
0.220.110.03831.5.00 3.9.071.8.00 3.9.075.9.01 8.9.1117,60026,000153,250(600)(1,000)(83,600)17,00025,00069,6500.1930.1.01 29.1.0430,710227,560(85,200)30,710142,360
142,360,000142,360,0000.0114,972,000
– 44 –
475,1774,390(1,119)478,44822,445466,527(3,315)(10,480)475,177
475,1774,390(1,119)(197,398)32,080(141,697)(278)(34,760)654278168,8164,390(1,119)(34,760)478,448(197,398)32,080(176,735)932137,32722,445466,527(3,315)(10,480)(197,398)5,445(5,445)3,09829,855(873)(116,007)5,445(654)(30,481)654(85,019)466,52729,855(197,398)(873)(3,315)(10,480)(30,481)475,177(197,398)32,080(141,697)654168,81681,19381,19351,33829,85581,193(182,198)(278)(62,502)(244,978)(150,000)(654)(31,544)(182,198)654278932654654374,8264,390(1,119)(62,502)315,595(76,217)466,52729,855(3,315)(10,480)(31,544)374,826– 45 –
(500)37,119(18,427)(33,178)(2,606)5,848224(6,089)7,6401,860809(230)22,571(7,631)(71,628)5,247(77,163)
(28,427)(10,257)3,518634(666)811(17,874)
(1,927)(39,800)(500)(94,488)
506,865(1,397)51,785311,5511,264(948)2,691(1,762)5,215510,68315,451157,933(29,855)506,86511,74014,00025,240(18,692)3161,422(1,087)1,26422(b)
– 46 –
11,760992(18,841)
(6,089)
6,089
46,6926,4672,3825,272(1,087)(18,692)(420)(9,417)(15,990)15,207(873)66615,000
15,000
(992)
(992)
(5,272)15,0009,728
– 47 –
4,28614,1503,9006523,56194,34624426,49117,622(49,052)
(27,500)88,70020,641109,341
14,306
10,365
3,829(63,630)(1,422)
(36,552)197,398160,846
5,21511,74092,386109,341
157,933
2,913160,846
17,622
(13,500)4,122(92,386)3,016(85,248)
3,8293,829(2,913)
916
13,001,000729,0001,010,000283,000500,000
192,398,00074,622,000
– 48 –
161B(1):
5,0005,000845209845 33%
4,504
8555,359
4,1192,0326,151
SSAP 14
3,428
:(a)
2,734,000
90,000,000APC Capital (Holdings) LimitedAPC18,000,000
(b)
– 49 –
– 50 –
(1,934,116,629)
165,440169,562(32,122)137,44028,000
1
0.04
(1)(2)
3,223,527,717
20.03
5,157,644,3463,223,527,717
1,934,116,629
– 51 –
50,398,00038,500,00011,740,000158,000
219,130,00088,274,0005,000,0001,264,000
– 52 –
2831
2,729,757
30,000,000
10,000,000
1,000,000
10,000,000
1.
Porto Global LimitedNewer Challenge Holdings Limited
100%
Olympia Asian Limited
527,130,963
15,204,835
27,127,632
3,000,00033,333
2.3.
283129
– 53 –
Newer Challenge Holdings Limited 100%Olympia Asian Limited 100%
(a)
– 54 –
16(1)
10%
Newer Challenge Holdings Limited
500,003,331
15.51%
Newer Challenge Holdings Limited
50
48Seamico SecuritiesPublic Company Limited
– 55 –
32
60
49Deloitte Haskins and SellsErnst & WhinneyCorporate Finance Association
54
33
45Wing Wah LimitedSeamico Plc.Cal-Comp Electronics (Thailand)Plc.City Realty Co., Ltd.
– 56 –
Clarendon House2 Church StreetHamilton HM 11Bermuda
9932
1010
Conyers Dill & Pearman
8
2901
22
The Bank of Bermuda LimitedBank of Bermuda Building6 Front StreetHamilton HM 11Bermuda
104
– 57 –
1,000,000
342C
44A44B
(a)
Le GrandCompany LimitedMeasor William AnthonyLuk Siu KeiPorto GlobalLimitedBlack Gold International LimitedOlympia Asian LimitedAccuracy ProfitsLimitedFortune Master Capital LimitedIan Robert JohnsonDylan Tinker
– 58 –
50.4%79,600,00049.6%
(b)Wolf Holdings LimitedGlasshouse HoldingsLimited15,000,000
(c)SimpriMedia Investments Inc.HKGrowth.com950,000
(d)APC Capital(Holdings) Limited90,000,000
(e)18,400,000
(f)
(a)
9932Clarendon House, 2 Church Street, Hamilton HM 11,Bermuda104(b)(c)
Kevin Sew HoyM.B.A., C.A. (N.Z.), A.H.K.S.A
9932
(a)
Newer Challenge Holdings LimitedOlympia Asian Limited(b)
– 59 –
(c)(d)(e)
– 60 –
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