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Beijing Digital Telecom Co., Ltd. — Capital/Financing Update 2016
Jul 12, 2016
50994_rns_2016-07-12_8a9b9736-ea8f-4fbe-8892-9f0e5d524032.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.
Beijing Digital Telecom Co., Ltd. 北京迪信通商貿股份有限公司
(A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 6188)
INSIDE INFORMATION EQUITY TRANSFER AGREEMENT
The announcement is made by Beijing Digital Telecom Co., Ltd. (the “ Company ”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the provisions of inside information under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
EQUITY TRANSFER AGREEMENT
The board (the “ Board ”) of directors (the “ Directors ”) of the Company is pleased to announce that the Company will enter into an equity transfer agreement (the “ Agreement ”) with the shareholders (independent third parties of the Company) of Guangzhou Jin Comsun Communications Development Limited (“ Jin Comsun ”). Pursuant to the Agreement, the Company will acquire 40% equity interest in Jin Comsun at a consideration of RMB23,530,000.
Jin Comsun is a company established in 1992, primarily engaged in business of sales of mobile phones, covering 3C products such as accessories, smart wear equipment, computer and household appliance, and meanwhile, involved in sectors such as value-added service, operator business and electronic commerce. It is an integrated service platform specializing in providing personal smart communications and household appliance products.
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REASONS FOR AND BENEFITS OF THE AGREEMENT
The Company wishes to seek a cooperative partner, which is deeply implanted in locality and has relatively large scale and strong brand influence, to jointly expand Guangdong market. The acquisition will enhance the regional competitiveness and increase the Company’s market share in Guangdong communications market.
By Order of the Board Beijing Digital Telecom Co., Ltd. LIU Donghai Chairman
Hong Kong, 12 July 2016
As at the date of this announcement, the executive directors of the Company are Mr. LIU Donghai, Mr. LIU Yajun, Mr. LIU Songshan, Ms. LIU Wencui and Ms. LIU Hua; the nonexecutive director is Mr. QI Xiangdong; and the independent non-executive directors are Mr. LV Tingjie, Mr. BIAN Yongzhuang and Mr. Vincent Man Choi, LI.
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