CARRY WEALTH (00643.HK): Receivers Take Control of MARS, 45.71% Stake
- The receivers, appointed by chargee GCL under a share charge dated 14 April 2026 over MARS's entire issued share capital and a deed of appointment dated 30 June 2026, act for Chan Chi Chung (Adrian) and Kam Chung Hang (Forrest).
- All charged shares have been transferred to the receivers as sole registered owners, and every director of MARS is now a receiver nominee; the appointment aims to enforce the charge, including a possible sale to repay outstanding loan sums.
- The Company has not received details on any memorandum of understanding, proposed purchaser, sale terms or consideration, cannot independently verify the letter's contents, and is seeking legal advice while reserving its rights.
NewTimeSpace News: On 22 September 2026, Carry Wealth Holdings Limited (stock code: 00643.HK) announced that it received a letter from Arthur Hong LLP on behalf of Mr. Chan Chi Chung (Adrian) and Mr. Kam Chung Hang (Forrest), the joint and several receivers over the entire issued share capital of MARS Worldwide Holdings Limited (MARS). The receivers were appointed by Giant Chance International Development Limited (GCL) as chargee, following an event of default concerning non-payment of loan and interest under a loan agreement dated 14 April 2026.
MARS, incorporated in the British Virgin Islands, directly holds 411,289,396 shares of the Company, representing approximately 45.71% of its issued share capital. The receivers have caused the charged shares to be transferred to themselves as sole registered owners and their nominees appointed as all directors of MARS, obtaining control of MARS. The appointment aims to facilitate enforcement of the share charge, including a possible sale of the charged shares to repay outstanding sums under the loan agreement.
The matter has entered judicial proceedings, with a hearing scheduled for 27 September 2026. As at the announcement date, the Company has not received further information on the outcome, the terms of a memorandum of understanding, the identity of any proposed purchaser or the terms of any proposed sale, and is unable to independently verify all matters stated in the letter. The Company is seeking legal advice and reserves its rights, and shareholders are advised to exercise caution when dealing in the securities.
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