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Chengdu Expressway Co., Ltd. — M&A Activity 2020
Aug 12, 2020
50166_rns_2020-08-12_a55e6528-4058-403b-bf7d-72cb6bf0f108.pdf
M&A Activity
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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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Chengdu Expressway Co., Ltd. 成都高速公路股份有限公司
(a joint stock company incorporated in the People’s Republic of China with limited liability)
(Stock Code: 01785)
ANNOUNCEMENT ON THE COMPLETION OF THE ACQUISITION OF 94.49% OF THE TOTAL SHARES OF CHENGDU ENERGY DEVELOPMENT COMPANY
References are made to the announcement dated 25 May 2020 (the “ Announcement ”) and the circular dated 10 July 2020 (the “ Circular ”) of Chengdu Expressway Co., Ltd. (the “ Company ”) in relation to, among others, the acquisition of 94.49% of the total shares of Chengdu Energy Development Company by the Company from Chengdu Communications. Unless the context otherwise requires, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement and the Circular.
Chengdu Energy Development Company obtained a notice on the completion of filing of its new directors and its new articles of association from Administration for Market Regulation of Chengdu on 12 August 2020. The Acquisition has completed. Upon the Completion of the Acquisition, Chengdu Energy Development Company became a non-wholly-owned subsidiary of the Company.
On behalf of the Board Chengdu Expressway Co., Ltd. Xiao Jun Chairman
Chengdu, the PRC, 12 August 2020
As at the date of this announcement, the Board of the Company comprises Mr. Yang Tan, Mr. Zhang Dongmin, Ms. Wang Xiao and Mr. Luo Dan as executive Directors, Mr. Xiao Jun and Mr. Yang Bin as non-executive Directors, and Mr. Shu Wa Tung, Laurence, Mr. Ye Yong and Mr. Li Yuanfu as independent non-executive Directors.