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CMON Limited — Capital/Financing Update 2015
Sep 24, 2015
50172_rns_2015-09-24_93569c51-2488-4b18-8568-e6aa4854d8a5.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)
TERMINATION OF PLACING AGREEMENT AND RESUMPTION OF TRADING
Reference is made to the announcement of the Company dated 21 September 2015 (“ Announcement ”) in relation to Placing of new H-Shares under the General Mandate. Unless the content otherwise requires, terms used in this announcement shall have the same meanings as those defined in the Announcement.
TERMINATION OF PLACING AGREEMENT
The Board announces that the Placing Agreement has been terminated pursuant to a termination agreement entered into between the Company and the Placing Agent on 24 September 2015 in view of the recent market condition and the uncertainties in completing the Placing. Accordingly, all obligations and liabilities of the Company and the Placing Agent under the Placing Agreement shall be absolutely discharged and neither the Company nor the Placing Agent shall have any claim against the other.
The Directors believe that the termination of the Placing Agreement and the Placing contemplated thereunder has no material adverse impact on the financial position and operations of the Company. The Company may consider other financing arrangements, including but not limited to, placing of Shares after having obtained the CSRC approval taking into account the future development of the Group and the market conditions. The Company will keep the market informed by way of announcement in compliance with the requirements of the Listing Rules as and when appropriate.
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RESUMPTION OF TRADING
At the request of the Company, trading in the H-Shares of the Company on the Stock Exchange has been halted with effect from 9:00 a.m. on Tuesday, 22 September 2015 pending the release of this announcement. Application has been made to the Stock Exchange for the resumption of trading in the H-Shares with effect from 9:00 a.m. on Friday, 25 September 2015.
By Order of the Board Shenyang Public Utility Holdings Company Limited Zhang Jing Ming Chairman
Shenyang, the PRC, 24 September 2015
As at the date of this announcement, the executive directors of the Company are Mr. Zhang Jing Ming, Mr. Deng Xiao Gang and Mr. Huang Zhen Kun, the non-executive directors are Mr. Yin Zong Chen and Ms. Li Yu Xiang and the independent non-executive directors are Mr. Chan Ming Sun Jonathan, Mr. He Qing Jia and Mr. Yu Guan Jian.
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