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. Under the ownership of New World Development, New World Mobile Holdings was the owner of

New World PCS New World PCS Limited (abb. NWPCS) was a mobile network operator (MNO) of Hong Kong. History New World PCS Limited was a subsidiary of New World Development that was incorporated on 16 February 1995. In 1997 the brand New World Mob ...

, a

mobile network operator A mobile network operator (MNO), also known as a wireless service provider, wireless carrier, cellular company, or mobile network carrier, is a provider of wireless communications services that owns or controls all the elements necessary to sell ...

of Hong Kong.

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. Immediately before the backdoor listing of

, a unit of the conglomerate New World Development, New World Development already owned 5.60% shares of ALT, while Hong Kong businessman owned 30.11% as the largest shareholder.

New World Mobile Holdings

In 2004 Asia Logistics Technologies acquired New World PCS Holdings and its subsidiaries such as

(NWPCS) from New World Telephone Holdings, a wholly owned subsidiary of New World Development, as part of a

backdoor listing A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public compa ...

. In the same year the company was renamed to New World Mobile Holdings. In March 2006, NWPCS merged with

Hong Kong CSL Limited CSL Mobile Limited () is a Hong Kong telecommunications company, which operates mobile network brands of "csl", "1O1O" and "Club SIM". CSL is a subsidiary of Hong Kong Telecom (HKT) and was Hong Kong's first mobile communications operator esta ...

to form CSL New World Mobility, a new intermediate

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

that was owned by

Telstra Telstra Group Limited is an Australian telecommunications company that builds and operates telecommunications networks and markets voice, mobile, internet access, pay television and other products and services. It is a member of the S&P/ASX 20 ...

(76.4%) and New World Mobile Holdings (23.6%) at that time. 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 at that time. In February 2007, Moral Glory International launched a mandatory public offer to acquire the remaining share of New World Mobile Holdings. In May 2007,

Mongolia Energy Corporation Mongolia Energy Corporation Limited (abb. MEC) is a mining and energy development holding company operating in Mongolia and Xinjiang in northwestern China. It was incorporated in Bermuda and listed on the Hong Kong Stock Exchange. MEC became a co ...

(the successor of New World Cyberbase), disinvested 8.32% shares of New World Mobile Holdings to the public market.

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 The People's Insurance Company (Group) of China Limited, known as PICC Group or just PICC, is a Chinese listed insurer. The Chinese Central Government is the controlling shareholder. The group contains the major subsidiaries: PICC Asset Managem ...

(PICC). However, it was terminated by PICC in 2016.

References

External links

* {{official website, http://www.visionvalues.com.hk
New World Mobile Holdings website
Companies listed on the Hong Kong Stock Exchange Companies established in 1998 Holding companies of Hong Kong Offshore companies of the Cayman Islands Former New World Development subsidiaries