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CM Energy Tech Co., Ltd. — Major Shareholding Notification 2015
Jul 8, 2015
49033_rns_2015-07-08_9fb0c34a-31e6-4d83-8eaf-de34a777e5b4.pdf
Major Shareholding Notification
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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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TSC Group Holdings Limited
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 206)
VOLUNTARY ANNOUNCEMENT INCREASE IN SHAREHOLDING IN THE COMPANY BY CONTROLLING SHAREHOLDER
TSC Group Holding Limited (the “ Company ”) was informed by its controlling shareholder, Global Energy Investors, LLC. (“ Global Energy ”), which are wholly-owned by Mr. Jiang Bing Hua (“ Mr. Jiang ”), the executive director and chairman of the board of directors (the “ Board ”) and Mr. Zhang Menggui (“ Mr. Zhang ”), the executive director and chief executive officer of the Company, equally, that on 6 July 2015 and 7 July 2015, Global Energy acquired a total of 1,595,000 shares of the Company through on-market purchases for an aggregate of HK$3,021,134.74 (including the relevant transaction fees). Mr. Jiang and Mr. Zhang are confident about the future prospects of the Company and the oil industry and they believe that there will be continued growth and development of the Company. They do not rule out the possibility of further increasing their shareholding through Global Energy in the Company as they feel appropriate in the future, subject to compliance with applicable legal and regulatory requirements.
As a result of the acquisition, Global Energy holds 120,046,200 shares in the Company, representing approximately 16.98% of the issued share capital of the Company, and each of Mr. Jiang and Mr. Zhang personally also held 4,656,000 shares, representing approximately 0.66% of the existing issued share capital of the Company.
This announcement is made by the order of the Board. The Board collectively and individually accepts responsibility for the accuracy of this announcement.
By order of the Board TSC Group Holdings Limited Jiang Bing Hua Executive Chairman
Hong Kong, 8 July 2015
As of the date of this announcement, the Board comprises 2 executive Directors, namely Mr. Jiang Bing Hua and Mr. Zhang Menggui; 3 non-executive Directors, namely Mr. Jiang Longsheng, Mr. Brian Chang and Mr. Yu Yuqun; and 4 independent non-executive Directors, namely Mr. Chan Ngai Sang, Kenny, Mr. Bian Junjiang, Mr. Guan Zhichuan and Mr. Robert William Fogal Jr.