| 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 0 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" |
