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Differ Group Auto Limited — Capital/Financing Update 2017
Mar 31, 2017
51068_rns_2017-03-31_93458647-fcd3-48f7-a77f-0f55bb2fec87.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.
DIFFER GROUP HOLDING COMPANY LIMITED 鼎豐集團控股有限公司
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 6878)
ANNOUNCEMENT PURSUANT TO RULE 13.18 OF THE LISTING RULES
This announcement is made pursuant to Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Reference is made to announcement of the Company dated 14 February 2017 (the “ Announcement ”) in relation to, among others, the entering into the Loan Agreement. Unless otherwise defined herein, capitalised terms used in this letter shall have the same meanings as those defined in the Announcement.
The Company has been notified by Ever Ultimate, one of the controlling shareholders (as defined in the Listing Rules) of the Company, which is wholly-owned by Mr. Cai Huatan, an executive Director, that on 31 March 2017, Ever Ultimate executed a charge over account (the “ Account Charge ”) in favour of Jianda Value Investment Fund L.P., being the lender to the Loan Agreement, pursuant to which Ever Ultimate charged all the securities and assets in the securities account (the “ Securities Account ”) opened by Ever Ultimate with Cinda International Securities Limited as a security for the performance and repayment obligation of the Company under the Loan. Pursuant to the Account Charge, Ever Ultimate is required to maintain a minimum amount of assets value in the Securities Account during the term of the Account Charge.
By order of the board of Differ Group Holding Company Limited HONG Mingxian Chairman and executive Director
Hong Kong, 31 March 2017
As at the date of this announcement, the executive Directors are Mr. HONG Mingxian, Mr. NG Chi Chung and Mr. CAI Huatan; the non-executive Directors are Mr. CAI Jianfeng and Mr. WU Qinghan; and the independent non-executive Directors are Mr. CHAN Sing Nun, Mr. TSANG Hin Man Terence and Mr. ZENG Haisheng