Hong Kong Ferry (Holdings) Company Limited Annual Report 2013
Report of the Directors (Continued)
SUBSTANTIAL SHAREHOLDERS AND OTHERS
As at 31 December 2013, the interests in ordinary shares of the Company of every person as recorded in the register required
to be kept under Section 336 of the SFO were as follows:
Substantial Shareholders
No. of shares
in which
interested
Approximate
percentage of
total issued
shares
Henderson Land Development Company Limited (Note 1)
118,732,090
33.33%
Pataca Enterprises Limited (Note 1)
70,200,000
19.70%
Wiselin Investment Limited (Note 2)
48,532,090
13.62%
Max-mercan Investment Limited (Note 2)
48,532,090
13.62%
Camay Investment Limited (Note 2)
48,532,090
13.62%
Henderson Development Limited (Note 3)
118,732,090
33.33%
Hopkins (Cayman) Limited (Note 4)
Rimmer (Cayman) Limited (Note 4)
Riddick (Cayman) Limited (Note 4)
Mr. Li Ning (Note 5)
Dr. Lee Shau Kee (Note 6)
118,732,090
33.33%
118,732,090
33.33%
118,732,090
33.33%
118,732,090
33.33%
119,531,310
33.55%
Persons other than Substantial Shareholders
Graf Investment Limited (Note 1)
Mount Sherpa Limited (Note 1)
Paillard Investment Limited (Note 1)
23,400,000
6.57%
23,400,000
6.57%
23,400,000
6.57%
Notes:
All shares referred to below, unless otherwise stated, form part of the same parcel of 118,732,090 shares.
1.
2.
These 118,732,090 shares were beneficially owned by some of the subsidiaries of Henderson Land Development Company Limited ("HLD"). Of these 118,732,090 shares, 70,200,000 shares were owned by some of the subsidiaries (viz., Graf Investment Limited, Mount Sherpa Limited and Paillard Investment Limited, each of which owned 23,400,000 shares) of Pataca Enterprises Limited, which was itself a subsidiary of HLD.
These 48,532,090 shares, which constitute part of the said 118,732,090 shares, were beneficially owned by Wiselin Investment Limited which was a subsidiary of Max-mercan Investment Limited. Max-mercan Investment Limited was a subsidiary of Camay Investment Limited ("Camay") which in turn was a subsidiary of HLD.
3.
4.
5.
These 118,732,090 shares are duplicated in the interests described in Notes 1 and 2. Henderson Development Limited ("HD") beneficially owned more than one-third of the issued share capital in HLD which was, in turn, the holding company of Camay.
These 118,732,090 shares are duplicated in the interests described in Notes 1, 2 and 3. Rimmer (Cayman) Limited and Riddick (Cayman) Limited as trustees of respective discretionary trusts held units in a unit trust (the "Unit Trust"). Hopkins (Cayman) Limited as trustee of the Unit Trust owned all the issued ordinary shares, which carry the voting rights in the share capital of HD.
By virtue of the SFO, Mr. Li Ning was taken to be interested in these 118,732,090 shares as Mr. Li's spouse was one of the discretionary beneficiaries of two discretionary trusts holding units in the Unit Trust. These 118,732,090 shares are duplicated in the interests described in Notes 1, 2, 3 and 4.
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