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DIT Group Limited — Capital/Financing Update 2008
Apr 3, 2008
49427_rns_2008-04-03_1c94acbf-7d76-4ce4-be6f-282a83a580a9.pdf
Capital/Financing Update
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(Incorporated in Bermuda with limited liability)
(Stock Code: 726)
UNUSUAL PRICE MOVEMENT
This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).
The directors (the “Directors”) of South East Group Limited (the “Company”) have noted the recent increase in the price of the shares of the Company and wish to state that, save as disclosed below, they are not aware of any reasons for such increase.
The Directors wish to inform that the Company is in the course of negotiations for a possible issue of new securities, including shares or convertible bond, to independent third party(ies). Net proceeds from such exercise are intended for the purposes of financing general working capital and/or any suitable investment projects. As at the date of this announcement, no formal agreement in relation to the abovementioned issue has been entered into yet. As regards, the issue may or may not proceed. Shareholders and investors are therefore advised to exercise caution when dealing in the securities of the Company.
Save as disclosed above, the Directors also confirm that there are no negotiations or agreements relating to intended acquisitions or realizations which are discloseable under rule 13.23 of the Rules Governing the Listing of Securities on the Stock Exchange (the “Listing Rules”), neither is the board of directors of the Company (the “Board”) aware of any matter discloseable under the general obligation imposed by rule 13.09 of the Listing Rules, which is or may be of a price-sensitive nature.
Made by the order of the Board, the Directors of which individually and jointly accept responsibility for the accuracy of this announcement.
By order of the Board South East Group Limited Chan Sau Chee Company Secretary
Hong Kong, 3 April 2008
The directors of the Company as at the date of this announcement are Mr. Wu Siu Chung (Chairman) and Mr. Chen Xiaoping as executive directors; Mr. Chen Yuan Shou, Budiman and Mr. Eduard Will as non-executive directors; and Mr. Lo Yuk Lam and Mr. Wong Kam Wah as independent non-executive directors.
* For identification purposes only