| Date |
Event |
| 7 Jan 05 |
Entered a S&P agreement to acquire
70% stake of gaming facilities equipped cruise Walden
(later renamed as Neptune) for HK$68mn, settled by HK$20mn
cash and issuance of HK$48mn worth new shares (1,500mn
shares each at HK$0.032, figures not adjusted for the
share consolidation in May 07).
The acquisition was completed in Jun 05. |
| ----------------------------------------------------------------------------------------------------- |
| 12 Sep 05 |
Issued convertible notes of HK$40mn (convertible
to 2,000mn shares each at HK$0.02, yield 5%p.a., maturity:
1 year) to two independent subscribers Mr. Chan, Yan
To and Ms. Lam, Wai Han each able to subscriber up to
HK$20mn. |
| ----------------------------------------------------------------------------------------------------- |
| 1 Dec 06 |
Outstanding convertible notes were fully
converted into 2,000mn shares each at HK$0.02. Issued
shares thus increased from 12,397.63mn to 14,397.63mn.
(Note: the above figures do not take into account the
share
Consolidation in May 07) |
| ----------------------------------------------------------------------------------------------------- |
| 16
Jan 07 |
Entered into the Acquisition
Agreement on 16 Jan 07 to acquire from Mr. Guo 100%
stake in Credible at a total cash consideration of HK$140,000,000.
Credible holds a 20% equity interest in Base Move, a
company which has entered into the second profit agreement
with Highest Increase to acquire 100% of the profit,
being approximately 0.4% of the rolling turnover generated
by Hou Wan (who has on 17 February 2005 entered into
the Junket Representative Agreement and on 17 February
2006 and 11 April 2007 renewed such Junket Representative
Agreement with Venetian Macau Limited as a gaming promoter
for Sands Macau) and/or its customers at the Chengdu
VIP Club.
On 30th March, 2007, Mr. Guo transferred the ownership
of Hou Wan to Ms. Lei, Choi In. This transfer would
not affect the Company's interest in Credible |
| ----------------------------------------------------------------------------------------------------- |
| 10 May 07 |
Entered into an acquisition agreement
on 8 May to acquire from Ms. Lao 100% stake in Koppert
at a total cash consideration of HK$100mn. Koppert holds
a 20% equity interest in Good Omen, a company that has
entered into the profit agreement with Hoi Seng to acquire
the Hoi Seng profit, being 0.4% of the rolling Turnover
generated by Hoi Seng and/or its customers at the Neptuno
VIP Club at the Galaxy Casino at the Star World Hotel
In Macau.
This agreement was a follow-up of the non-binding letter
of intent Between the Company and Mr. Fillipe Lau signed
on 26 Mar 07. |
| ----------------------------------------------------------------------------------------------------- |
| 31 May 07 |
Completed a share consolidation where
10 shares were merged
Into 1 new share |
| ----------------------------------------------------------------------------------------------------- |
| 4 Jun 07 |
Entered into a non binding letter of intent
with Ocean Star Entertainment, a licensed gaming promotion
business at David Palace VIP Club at the Grand Waldo
Hotel (under Galaxy) for not More that HK$230mn. |
| ----------------------------------------------------------------------------------------------------- |
| 28 Jun 07 |
Completed on open offer of 724,302,500
shares on the basis of
two shares for 1 offer shares each at HK$0.2 |
| ----------------------------------------------------------------------------------------------------- |
| 17 Jul 07 |
The Company's name was changed to "Neptune
Group Ltd" from
"Massive Resources International Corporation Ltd" |
