AI assistant
3SBio Inc. — Capital/Financing Update 2008
Feb 29, 2008
49981_rns_2008-02-29_cad2569d-00e4-4193-a9f2-4186f7e5e19d.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [76 x 38] intentionally omitted <==
LIPPO LIMITED 力 寶 有 限 公 司
(Incorporated in Hong Kong with limited liability) (Stock Code: 226)
DISCLOSEABLE TRANSACTION
HONGKONG CHINESE LIMITED
香 港 華 人 有 限 公 司 * (Incorporated in Bermuda with limited liability) (Stock Code: 655)
MAJOR TRANSACTION
JOINT ANNOUNCEMENT
DISPOSAL OF CERTAIN INTEREST IN THE MACAU CHINESE BANK LIMITED EXPIRY OF LONG STOP DATE
Reference is made to the joint announcement of Lippo Limited (“ Lippo ”) and Hongkong Chinese Limited (“ HKC ”) dated 3rd October, 2007 (the “ Announcement ”) and their respective circulars dated 24th October, 2007 in relation to the disposal of certain interest in The Macau Chinese Bank Limited. Reference is also made to the joint announcement of Lippo and HKC dated 27th December, 2007 in relation to the extension of the Long Stop Date. Terms defined in the Announcement shall have the same meanings when used herein unless otherwise stated.
Completion of the Agreement is subject to and conditional upon the satisfaction or waiver of a number of conditions precedent by the Long Stop Date, being 29th February, 2008. As of the date of this announcement, no indication has been received from AMCM regarding its approval on the Disposal and therefore the conditions to Completion regarding AMCM’s approval have not been fulfilled by 29th February, 2008. The parties to the Agreement have decided not to extend the Long Stop Date, and the Agreement has therefore lapsed.
By Order of the Board LIPPO LIMITED Davy Lee Secretary
Hong Kong, 29th February, 2008
By Order of the Board HONGKONG CHINESE LIMITED Andrew Hau Secretary
==> picture [50 x 34] intentionally omitted <==
1
The board composition of each of Lippo and HKC as at the date of this announcement is as follows:
LIPPO
Non-executive Director: Mr. Leon Nim Leung Chan
Executive Directors: Mr. Stephen Riady (Chairman) Mr. John Luen Wai Lee (Managing Director and Chief Executive Officer) Mr. Jark Pui Lee
Independent Non-executive Directors: Mr. Edwin Neo Mr. Victor Ha Kuk Yung Mr. King Fai Tsui
HKC
Non-executive Directors: Dr. Mochtar Riady (Chairman) Mr. Leon Nim Leung Chan
Executive Directors: Mr. Stephen Riady (Chief Executive Officer) Mr. John Luen Wai Lee Mr. Kee Yee Kor
Independent Non-executive Directors: Mr. Albert Saychuan Cheok Mr. Victor Ha Kuk Yung Mr. King Fai Tsui
- For identification purpose only
2