Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

DT Capital Limited M&A Activity 2013

Mar 28, 2013

49154_rns_2013-03-28_6f98a17c-a5ba-49cf-9f57-83ed3cfda01f.pdf

M&A Activity

Open in viewer

Opens 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.

img-0.jpeg

INTERCHINA HOLDINGS COMPANY LIMITED

國中控股有限公司

(incorporated in Hong Kong with limited liability)

(Stock Code: 202)

DISCLOSABLE AND CONNECTED TRANSACTION EXTENSION OF LONG STOP DATE AND FURTHER DELAY IN DESPATCH OF CIRCULAR

The Company announces that on 28 March 2013, the Company has informed Mr. Jiang to extend the Long Stop Date from 31 March 2013 to 30 September 2013, or such later date as the Company may agree.

As additional time is required to prepare the contents of the Circular, in particular the valuation report of the land owned by the Bolivia Company, the Company expects that the date of despatch of the Circular will be further postponed to a date falling on or before 31 May 2013.

Reference is made to the announcement of Interchina Holdings Company Limited dated 16 December 2012, 9 January 2013, 31 January 2013 and 28 February 2013 (the "Announcements") in relation to, among other things, the discloseable and connected transaction of the Company regarding the Acquisition and the delay in despatch of the circular. Capitalised terms used in this announcement shall have the same meanings as those used in the Announcements unless otherwise defined.

Extension of the Long Stop Date

Pursuant to the Sale and Purchase Agreement, completion of the Acquisition is conditional upon fulfilment (or as the case may be, waived) of the Conditions Precedents on or before 31 March 2013 (or such later date as the Company may agree) (the "Long Stop Date"). As additional time is required for the fulfilment of the Conditions Precedent, on 28 March 2013, the Company has informed Mr. Jiang to extend the Long Stop Date from 31 March 2013 to 30 September 2013, or such later date as the Company may agree.

Further delay in despatch of the Circular

As disclosed in the announcement of the Company dated 28 February 2013, a circular (the "Circular") containing, inter alia, (i) details of the Acquisition; (ii) the letter of recommendation from the Independent Board Committee; (iii) the letter of advice from Guangdong Securities to the Independent Board Committee and the Independent Shareholders; and (iv) a notice of the EGM, will be despatched to the Shareholders on or before 31 March 2013 in accordance with the


Listing Rules.

As additional time is required to prepare the contents of the Circular, in particular the valuation report of the land owned by the Bolivia Company, the Company expects that the date of despatch of the Circular will be further postponed to a date falling on or before 31 May 2013.

By Order of the board of directors
Interchina Holdings Company Limited
Lam Cheung Shing, Richard
Chief Executive Officer and Executive Director

Hong Kong, 28 March 2013

As at the date of this announcement, the executive Directors are Mr. Jiang Zhaobai, Mr. Shen Angang, Mr. Lam Cheung Shing, Richard, Mr. Zhu Deyu and Mr. Lu Yaohua; and the independent non-executive Directors are Mr. Ho Yiu Yue, Louis, Mr. Ko Ming Tung, Edward and Mr. Chen Yi, Ethan.

2