From Surf Wiki (app.surf) — the open knowledge base

Vision Values Holdings

Field	Value
name	Vision Values Holdings
type	public
traded_as
founded	1998 in Cayman Islands and Hong Kong
former_name
location
key_people	Simon Lo (Chairman)
module

Vision Values Holdings Limited is a Caymans-incorporated Hong Kong listed company. The company was under two backdoor listing, which the company was formerly known as New World Mobile Holdings (abb. NWM), Asia Logistics Technologies and Wah Yik Holdings before the takeovers. Under the ownership of New World Development, New World Mobile Holdings was the owner of New World PCS, a mobile network operator of Hong Kong.

History

Wah Yik Holdings

Asia Logistics Technologies

Asia Logistics Technologies (ALT) was a Hong Kong listed company. It was the majority owner of New World Cyberbase, for 27.48% stake as of 2004. Immediately before the backdoor listing of New World PCS, a unit of the conglomerate New World Development, New World Development already owned 5.60% shares of ALT, while Hong Kong businessman owned 30.11% as the largest shareholder.

New World Mobile Holdings

In 2004 Asia Logistics Technologies acquired New World PCS Holdings and its subsidiaries such as New World PCS (NWPCS) from New World Telephone Holdings, a wholly owned subsidiary of New World Development, as part of a backdoor listing. In the same year the company was renamed to New World Mobile Holdings.

In March 2006, NWPCS merged with Hong Kong CSL Limited to form CSL New World Mobility, a new intermediate holding company that was owned by Telstra (76.4%) and New World Mobile Holdings (23.6%) at that time. In October 2006, New World Mobile Holdings sold its 23.6% stakes of CSL New World Mobility to New World Mobile Holdings' parent company New World Development. In November 2006, New World Development then sold 58.04% shares of New World Mobile Holdings to Moral Glory International, a private company that was owned by at that time. In February 2007, Moral Glory International launched a mandatory public offer to acquire the remaining share of New World Mobile Holdings. In May 2007, Mongolia Energy Corporation (the successor of New World Cyberbase), disinvested 8.32% shares of New World Mobile Holdings to the public market.

Vision Values Holdings

New World Mobile Holdings was renamed to Vision Values Holdings in 2010.

It was proposed that Vision Values Holdings issues new shares to the People's Insurance Company of China (PICC). However, it was terminated by PICC in 2016.

References

"LIST OF DIRECTORS AND THEIR ROLES AND FUNCTIONS".
"Vision Values Holdings Limited 遠見控股有限公司".
[http://cn.hotstocked.com/companies/n/new-world-mobile-holdings-ltd-00862.html New World Mobile Holdings Ltd. (00862)]
"New World Mobility Customer Charter".
(2 April 2004). "Joint Announcement". New World Development and Asia Logistics Technologies.
(1 April 2004). "Proposed Acquisition of New World PCS Holdings Limited by Asia Logistics Technologies Limited". New World Development.
link. (10 December 2005). Apple Daily. Next Media
(31 March 2006). "New World PCS and Hong Kong CSL Mobile Merger Completed". New World Development.
(22 November 2006). "Joint Announcement". Moral Glory International c/o New World Mobile Holdings.
(1 February 2007). "Joint Announcement". Moral Glory International c/o New World Mobile Holdings.
link. (25 May 2007). Apple Daily. Next Media
link. (13 January 2006). Nanfang Media Group. 梁. 小婵

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

companies-listed-on-the-hong-kong-stock-exchange companies-established-in-1998 holding-companies-of-hong-kong offshore-companies-of-the-cayman-islands former-new-world-development-subsidiaries

Want to explore this topic further?

Ask Mako anything about Vision Values Holdings — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report