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CMON Limited — Capital/Financing Update 2014
Jun 5, 2014
50172_rns_2014-06-05_f1217ebf-3e5d-4cac-ad71-8ce17ef3cbe3.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.
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)
VOLUNTARY ANNOUNCEMENT— ACQUISITION OF NEW BUSINESS
This announcement is made by Shenyang Public Utility Holdings Limited (“ Company ”, together with its subsidiaries, “ Group ”) pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), aiming to provide information about the latest business development to its shareholders.
The Board is pleased to announce that Kingma Overseas Investment Development Corporation Limited, the wholly-owned subsidiary of the Company has acquired a company principally engaged in money lending business in Hong Kong (the “ New Acquired Company ”) from an independent third party (the “ Acquisition ”) at a total consideration of HK$1,800,000. The New Acquired Company is a limited company incorporated in Hong Kong and is a licensed money lender under the Money Lenders Ordinance (Chapter 163 of the laws of Hong Kong).
As at the date of this announcement, the Acquisition has been completed. The Group will commence the money lending business in Hong Kong through the New Acquired Company. The directors of the Company believe that such new business will diversify the income stream of the Group and is in the interests of the Company and its shareholders as a whole.
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As all the applicable percentage ratios set out in Rule 14.07 of the Listing Rules in respect to the Acquisition are less than 5%, the Acquisition does not constitute a notifiable transaction for the Company under Chapter 14 of the Listing Rules. This announcement is disclosed by the Company voluntarily for the purpose of keeping the potential investors and Shareholders informed of the latest business development of the Group.
By Order of the Board Shenyang Public Utility Holdings Company Limited Ma Zhong Hong Chairman
Shenyang, PRC 5 June 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.
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