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CMOC Group Limited — Capital/Financing Update 2015
Jul 6, 2015
50942_rns_2015-07-05_d65c22cb-16e2-45d6-87af-3f9c7c15337c.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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(Stock Code: 03993)
BID FOR OVERSEAS PROJECT
This is a voluntary announcement made by China Molybdenum Co., Ltd.* (the “ Company ”).
The board of directors (the “ Board ”) of the Company announces that it decides to submit a legally binding bid (the “ Bid ”) to acquire certain overseas mining assets (the “ Project ”) from an international mining company. The Project has matured operations and generates stable profits and cash flow.
The Company has been tracking and following-up with the Project for nearly half a year. The Company intends to acquire partial or all the interests in the Project (the “ Possible Acquisition ”), subject to the decisions of the seller and further negotiations between the parties. It is anticipated that the aggregate investment amount will not exceed USD2.15 billion, which will be funded by the Company’s self-raised funds.
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The Company will make further announcement(s) on the progress as required under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, and other applicable rules and regulations. The Company may or may not succeed in the Bid.
As the Possible Acquisition may or may not proceed, shareholders and potential investors should exercise in caution when dealing in the shares of the Company.
By Order of the Board China Molybdenum Co., Ltd. Li Chaochun* Chairman
Luoyang City, Henan Province, People’s Republic of China, 6 July 2015
As at the date of this announcement, the Company’s executive directors are Messrs. Li Chaochun and Li Faben; the Company’s non-executive directors are Messrs. Ma Hui, Yuan Honglin and Cheng Yunlei; and the Company’s independent non-executive directors are Messrs. Bai Yanchun, Xu Shan and Cheng Gordon.
- For identification purposes only
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