SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - (GEM) PRINTED: 07/08/01 PAGE: 1
DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
(GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)
STOCK NAME : CR Asia (08052)
Director/Chief Executive G/E Class Company Name Quantity Exercise Period Ex. Price Consideration Note
------------------------------------ --- --------------- ------------------------------- ------------------ --------------- ---------- --------------- -----------
FUNG KWOK KING VICTOR G ORD (US$) LI & FUNG (DISTRIBUTION) LTD 130,000 1.000 0
G ORD (US$) LI & FUNG (DISTRIBUTION) LTD 160,000 1.000 0
FUNG KWOK LUN WILLIAM G ORD LI & FUNG LTD 480,000 070701-060703 15.260 1
G ORD LI & FUNG LTD 480,000 180702-170704 10.500 1
***** END OF REPORT *****
Notes:
N1 Harbour Smart Development Limited ("HSDL") has entered into an
equitable share mortgage with Infonet Group Co., Ltd ("Infonet"),
the single largest shareholder of Neolink Cyber Technology (Holding)
Limited ("Neolink") on 30 July, 2001 whereby HSDL has made available
a loan to Infonet. In consideration of the granting of the loan,
Infonet has, inter alia, deposited HSDL with original share
certificates in respect of 180,000,000 shares of Neolink as
security for the performance and observance of, inter alia, the
share mortgage by Infonet.
N2 These Shares are held by Infonet Group Co., Ltd, which is beneficially
owned by: -
Before After
Mr. Cai Zuping 45.93% 45.93%
Mr. Wan Qiu Sheng 2.60% 41.64%
Mr. Wong Chit On 45.93% 0.00%
Mr. Zhang Zheng 1.73% 5.86%
Others 3.81% 6.57%
Total 100.00% 100.00%
N3 There is no change in shareholdings for the rest of the associated
companies of Convenience Retail Asia Ltd except those indicated in
this Summaries. For the detail of their shareholdings, please refer
to the SDI Daily Summaries published on 02/02/01.
N4 Pursuant to an agreement dated July 19, 2001 between Li & Fung
(Retailing) Limited ('LFR'), an associated corporation of Convenience
Retail Asia Ltd, and China-Hongkong Photo Products Holdings Limited
('CHKP'), LFR agreed to sell and CHKP agreed to purchase the entire
issued share capital in Fotomax Holdings Limited (and indirectly the
ownership of the following subsidiaries of Fotomax Holdings Limited)
for an aggregate consideration of HK$87,500,000 which is to be satisfied
by CHKP issuing and allotting 70,000,000 shares of HK$0.10 each to LFR.
Completion of the sale and purchase took place on August 1, 2001.
1. Filmax Far East Limited
2. Fotokwik Limited
3. Fotomax (F.E.) Limited
4. Fotomax Holdings Limited
5. Fotomax Limited
6. Nice Image Limited
7. Orient City Properties Limited
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