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3SBio Inc. — Capital/Financing Update 2011
May 26, 2011
49981_rns_2011-05-26_b616ef7a-558b-4326-8ef5-fea577c338df.pdf
Capital/Financing Update
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
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HONGKONG CHINESE LIMITED 香 港 華 人 有 限 公 司 *
(Incorporated in Bermuda with limited liability)
(Stock Code: 655)
EXPIRY OF WARRANTS (Warrant Code: 561)
The subscription rights under the Warrants will expire after the close of business on Monday, 4th July, 2011.
The last trading day of the Warrants on the Stock Exchange is Tuesday, 28th June, 2011. The latest time to exercise the subscription rights under the Warrants is 4:00 p.m. on Monday, 4th July, 2011.
EXPIRY OF WARRANTS
The board of directors (the “ Board ”) of Hongkong Chinese Limited (the “ Company ”) would like to remind holders of the existing warrants of the Company (Warrant Code: 561) (the “ Warrants ”) that in accordance with the terms and conditions of the instrument of the Warrants dated 27th June, 2008, the subscription rights under the Warrants will expire after the close of business on Monday, 4th July, 2011. Each Warrant entitles its holder to subscribe in cash for one new share of HK$1.00 each (the “ Share ”) in the capital of the Company at a subscription price of HK$1.25 per Share (subject to adjustment), at any time on or after 4th July, 2008 but not later than 4:00 p.m. on Monday, 4th July, 2011. Any subscription rights under the Warrants which have not been exercised by 4:00 p.m. on Monday, 4th July, 2011 will lapse and the Warrants will cease to be valid for any purpose.
The Company has made the following arrangements regarding dealings in, transfers of and exercise of the Warrants:
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the last trading day of the Warrants on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) is Tuesday, 28th June, 2011.
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the registered holders of the Warrants who wish to exercise the subscription rights under the Warrants must lodge with the Company’s Hong Kong branch share registrars, Tricor Tengis Limited (the “ Registrars ”) at 26th Floor, Tesbury Centre, 28 Queen’s Road East, Wanchai, Hong Kong the following documents by no later than 4:00 p.m. on Monday, 4th July, 2011 :
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(i) the relevant certificate(s) of the Warrants;
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(ii) the duly completed and signed subscription form(s); and
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(iii) remittances for the relevant subscription moneys.
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Holders of the Warrants who have not registered such Warrants in their names and wish to exercise in whole or in part of the subscription rights thereunder must lodge with the Registrars at the above mentioned address the following documents by no later than 4:00 p.m. on Monday, 4th July, 2011 :
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(i) the relevant duly executed and stamped instruments of transfer and/or other documents of title;
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(ii) the relevant certificate(s) of the Warrants;
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(iii) the duly completed and signed subscription form(s); and
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(iv) remittances for the relevant subscription moneys.
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Subscription forms and the relevant accompanying documentation lodged with the Registrars later than 4:00 p.m. on Monday, 4th July, 2011 will not be regarded as valid and will therefore not be accepted. The new Shares will be allotted and issued not later than 10 business days after the date of exercise of the subscription rights attaching to the Warrants in accordance with the terms of the instrument of the Warrants and will rank pari passu in all respects with the fully-paid Shares in issue on the relevant date of exercise of the subscription rights attaching to the Warrants.
Trading of the Warrants on the Stock Exchange will close after 4:00 p.m. on Tuesday, 28th June, 2011. The listing of the Warrants will be withdrawn from the Stock Exchange with effect from 4:00 p.m. on Monday, 4th July, 2011, and an application has been made to the Stock Exchange for the withdrawal of listing of the Warrants with effect from 4:00 p.m. on Monday, 4th July, 2011.
GENERAL
Holders of the Warrants who are in doubt as to their position or their action to be taken are recommended to consult their professional advisers.
The closing prices of the Shares and the Warrants on the Stock Exchange on 26th May, 2011, being the date of this announcement, were HK$1.54 per Share and HK$0.28 per unit of Warrant.
A circular relating to the expiry of the Warrants will be despatched to holders of the Warrants and, for information only, shareholders of the Company in due course.
By Order of the Board Hongkong Chinese Limited Andrew Hau Secretary
Hong Kong, 26th May, 2011
As at the date of this announcement, the executive Directors of the Company are Messrs. Stephen Riady (Chairman), John Lee Luen Wai (Chief Executive Officer) and Kor Kee Yee; the non-executive Director of the Company is Mr. Leon Chan Nim Leung; and the independent non-executive Directors of the Company are Messrs. Albert Saychuan Cheok, Victor Yung Ha Kuk and Tsui King Fai.
* For identification purpose only
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