Vision Values Holdings
Formerly
  • Wah Yik Holdings
  • Asia Logistics Technologies
  • New World Mobile Holdings
Typepublic
SEHK: 862
Founded1998 in Cayman Islands and Hong Kong
Headquarters
Cayman Islands(legal)
Hong Kong S.A.R., China(de facto)
Key people
Simon Lo (Chairman)[1]
Chinese name
Traditional Chinese遠見控股
former Chinese name
Traditional Chinese新世界移動控股
former Chinese short name
Traditional Chinese新移動

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.[2] 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.[3][4]

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.[5]: 10  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 Simon Lo owned 30.11% as the largest shareholder.[5]: 10 

New World Mobile Holdings

old logo

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.[6][5] 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%)[7] and New World Mobile Holdings (23.6%) at that time.[7][8] 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 Simon Lo at that time.[9] In February 2007, Moral Glory International launched a mandatory public offer to acquire the remaining share of New World Mobile Holdings.[10] 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.[11]

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.[12]

References

  1. ↑ "LIST OF DIRECTORS AND THEIR ROLES AND FUNCTIONS" (PDF). Retrieved 2023-12-24.
  2. ↑ "Vision Values Holdings Limited 遠見控股有限公司".
  3. ↑ New World Mobile Holdings Ltd. (00862)
  4. ↑ "New World Mobility Customer Charter" (PDF). Archived from the original (PDF) on 2007-04-15. Retrieved 2008-12-12.
  5. 1 2 3 "Joint Announcement" (PDF) (Press release). Hong Kong: New World Development and Asia Logistics Technologies. 2 April 2004. Retrieved 28 February 2018 – via Hong Kong Exchanges and Clearing website.
  6. ↑ "Proposed Acquisition of New World PCS Holdings Limited by Asia Logistics Technologies Limited" (PDF) (Press release). Hong Kong: New World Development. 1 April 2004. Retrieved 27 February 2018.
  7. 1 2 CSL新移動組合營擬09年上市. Apple Daily (in Chinese (Hong Kong)). Hong Kong: Next Media. 10 December 2005. Retrieved 28 February 2018.
  8. ↑ "New World PCS and Hong Kong CSL Mobile Merger Completed" (Press release). Hong Kong: New World Development. 31 March 2006. Retrieved 28 February 2018.
  9. ↑ "Joint Announcement" (PDF) (Press release). Hong Kong: Moral Glory International c/o New World Mobile Holdings. 22 November 2006. Retrieved 28 February 2018.
  10. ↑ "Joint Announcement" (PDF) (Press release). Hong Kong: Moral Glory International c/o New World Mobile Holdings. 1 February 2007. Retrieved 28 February 2018 – via Hong Kong Exchanges and Clearing website.
  11. ↑ 蒙古能源減持新移動. 財話短說 column. Apple Daily (in Chinese (Hong Kong)). Hong Kong: Next Media. 25 May 2007. Retrieved 28 February 2018.
  12. ↑ 梁, 小婵 (13 January 2006). 人保系终止买壳远见控股. Southern Metropolis Daily (Shenzhen edition) (in Chinese (China)). Nanfang Media Group. Retrieved 28 February 2018 – via 163.com.
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