AI assistant
CMON Limited — Capital/Financing Update 2014
Dec 31, 2014
50172_rns_2014-12-31_abcd63fe-8853-451e-ad48-0631db26b14e.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
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.
瀋陽公用發展股份有限公司 Shenyang Public Utility Holdings Company Limited (a joint stock limited company incorporated in the People’s Republic of China)
(Stock code: 747)
FURTHER EXTENSION OF LONG STOP DATEPLACING OF H-SHARES
Reference is made to (1) the announcement of the Shenyang Public Utility Holdings Company Limited (the “ Company ”) dated 29 May 2013 (the “ H-Shares Placing Announcement ”) in relation to the placing of H-Shares under general mandate; (2) the announcement of the Company dated 20 December 2013 in relation to the first extension of long stop date under the Placing Agreement (the “ First Extension Announcement ”); and (3) the announcement of the Company dated 30 June 2014 in relation to the second extension of long stop date under the Placing Agreement (the “ Second Extension Announcement ”) (collectively the“ Announcements ”). Terms defined in the Announcements shall have the same meanings when used herein unless the context requires otherwise.
THIRD EXTENSION OF LONG STOP DATE OF THE PLACING OF H-SHARES
As disclosed in the First Extension Announcement and the Second Extension Announcement, the Company and the Placing Agent entered into the first and second supplemental agreement to extend the long stop date for the fulfillment of the conditions precedent under the Placing Agreement to 31 December 2014.
On 17 June 2014, the Company has obtained the written approval (the “ CSRC Approval ”) from China Securities Regulatory Commission (“ CSRC ”) for the Placing of H-Shares, which was based on the terms and conditions of the Placing Agreement. The CSRC Approval will be valid for one year from the date of the CSRC Approval. As at the date of this announcement, the Company and the Placing Agent are still in the process to identify potential investors for the Placing. In order to allow sufficient time for the Company and the Placing Agent to complete the Placing before the expiration of CSRC Approval, the Company and the Placing Agent on 31 December 2014 entered into the third supplemental agreement to further extend the long stop date under the Placing Agreement to 30 June 2015.
– 1 –
Save and except for the above, all other terms and conditions of the Placing Agreement shall remain unchanged and continue in full force and effect.
As the placing of H-Shares under the Placing Agreement may or may not be completed, Shareholders and potential investors are reminded to exercise caution when dealing in the Shares.
By Order of the Board Shenyang Public Utility Holdings Company Limited Ma Zhong Hong Chairman
Shenyang, PRC 31 December 2014
As at the date of this announcement, the executive directors of the Company are Mr. Ma Zhong Hong, Mr. Deng Xiao Gang and Mr. Huang Zhen Kun, the non-executive directors are Mr. Yin Zong Chen and Ms. Zhang Lei Lei and the independent non-executive directors are Mr. Wong Kai Tat, Mr. Wei Jie Sheng and Mr. Yu Guan Jian.
– 2 –