Ann: Scandium and PGM resources, Black Range, page-17

https://www.bloomberg.com/news/arti...est-man-increases-stake-in-o-luxe-shares-jump

Hong Kong's Richest Man Doubles Down on Electric Cars
By
Prudence Ho
30 October 2017, 12:19 pm AEST

• Li Ka-shing foundation agrees to buy 100 million shares
• Shares of O Luxe Holdings have more than doubled this year

Li Ka-shing

Photographer: Justin Chin/Bloomberg
Billionaire Li Ka-shing agreed to buy shares in O Luxe Holdings Ltd. for the second time in a month, a deal that would make Hong Kong’s richest man the second-largest investor in the owner of an electric-car maker. Shares of O Luxe rose.


Goldrank Ltd., a wholly-owned subsidiary of Li Ka Shing (Overseas) Foundation, agreed to buy 100 million shares at HK$1.60 each from O Luxe’s chairman, according to a SALE OF SHARES BY CONTROLLING SHAREHOLDER 30/10/2017 08:00" class="terminal-news-story" target="_blank" rel="nofollow noopener" style="-webkit-text-decoration-skip: objects; margin-right: 0px; margin-left: 0px; padding-right: 0px; padding-left: 0px; border-width: 0px 0px 1px; border-bottom-style: solid; border-bottom-color: rgb(40, 0, 215); font-variant-ligatures: inherit; font-variant-position: inherit; font-variant-caps: inherit; font-variant-numeric: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; color: rgb(60, 60, 60);">statement to the Hong Kong Stock Exchange on Monday. The price was 8 percent below the stock’s last close.


first investment in the company in September, when he purchased a 5.5 percent holding.


The deal comes as sales of electric vehicles surge in China, the world’s largest car market, on the back of state support, prompting global manufacturers to boost their lineups of such automobiles.