AI assistant
Comtec Solar Systems Group Limited — Capital/Financing Update 2018
Jun 11, 2018
49415_rns_2018-06-11_177ee30f-370c-4f82-be12-8cb5408143b7.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.
==> picture [59 x 58] intentionally omitted <==
UNISPLENDOUR TECHNOLOGY (HOLDINGS) LIMITED
紫 光 科 技 ( 控 股 )有 限 公 司 *
(Incorporated in Bermuda with limited liability)
(Stock Code: 365)
SUPPLEMENTAL ANNOUNCEMENT TO THE MAJOR TRANSACTION - DEEMED DISPOSAL OF SHAREHOLDING INTERESTS IN A SUBSIDIARY
Reference is made to the announcement (the “ Announcement”) of Unisplendour Technology (Holdings) Limited (the “Company”) dated 2 May 2018 in respect of the major transaction in relation to the deemed disposal of shareholding interests in a subsidiary (the “Deemed Disposal”). Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcement.
IMPLICATIONS OF THE LISTING RULES
Pursuant to Rule 14.92 of the Listing Rules, a company may not dispose of its existing business for a period of 24 months after a change in control (as defined in the Hong Kong Code on Takeovers and Mergers). There was a change in control of the Company on 26 August 2016 upon the close of the unconditional mandatory cash offer by Unis Technology Strategy Investment Limited.
The Company had obtained a waiver from strict compliance with Rule 14.92 of the Listing Rules from the Stock Exchange which was granted on the basis that, (i) the Company has not acquired any assets, business or company from its current controlling shareholders since the change of control, (ii) SMT equipment manufacturing and related business, as the core business of the Company, remains unchanged after the Deemed Disposal and (iii) the Deemed Disposal will only have limited impact on the business of the Group .
By Order of the Board
Unisplendour Technology (Holdings) Limited Zhang Yadong Chairman
Hong Kong, 11 June 2018
As at the date of this announcement, the directors are Mr. Zhang Yadong, Mr. Xia Yuan and Mr. Zheng Bo as executive directors; Mr. Li Zhongxiang and Mr. Qi Lian as non-executive directors; and Mr. Cui Yuzhi, Mr. Bao Yi and Mr. Ping Fan as independent non-executive directors.
- For identification purposes only