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E-Commodities Holdings Limited — Capital/Financing Update 2014
Dec 2, 2014
50127_rns_2014-12-02_a5afa0b7-f9f3-4a87-b8da-9f45c4008ac3.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.
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WINSWAY ENTERPRISES HOLDINGS LIMITED 永暉實業控股股份有限公司
(formerly known as “WINSWAY COKING COAL HOLDINGS LIMITED 永暉焦煤股份有限公司 ”) (Incorporated in the British Virgin Islands with limited liability)
(Stock Code: 1733)
EXTENSION OF THE DECEMBER LONGSTOP DATE OF SALE AND PURCHASE AGREEMENT
Reference is made to the announcement (the “ Announcement ”) of Winsway Enterprises Holdings Limited (the “ Company ”) dated 19 November 2014 in relation to, among other things, the Disposal. Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as ascribed to them in the Announcement.
EXTENSION OF DECEMBER LONGSTOP DATE
Pursuant to the Sale and Purchase Agreement, certain Conditions of the Disposal should be satisfied on or before the December Longstop Date (being. 2 December 2014), or on or before such later date as the Parties may agree pursuant to the Sale and Purchase Agreement.
On 2 December 2014 (after trading hours), the Parties agreed to extend the December Longstop Date to 8 December 2014 or such later date as may be agreed by the parties to the Sale and Purchase Agreement in writing. Apart from the above, all other terms and conditions of the Sale and Purchase Agreement shall remain unchanged.
REASONS FOR THE EXTENSION OF THE DECEMBER LONGSTOP DATE
As at the date of this announcement, the Parties agreed that it was unlikely that all relevant Conditions could be fulfilled or waived (as the case may be) on or before 2 December 2014 and hence they have agreed to extend the December Longstop Date to 8 December 2014 to allow more time for all relevant Conditions to be fulfilled or waived (as the case may be).
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Further announcement(s) will be made by the Company on or before 8 December 2014, or as and when appropriate.
By Order of the Board Winsway Enterprises Holdings Limited Cao Xinyi Company Secretary
Hong Kong, 2 December 2014
As at the date of this announcement, the executive directors of the Company are Mr. Wang Xingchun, Ms. Zhu Hongchan, Ms. Ma Li, Mr. Wang Changqing and Mr. Andreas Werner, the non-executive directors of the Company are Mr. Daniel J. Miller, Mr. Liu Qingchun and Mr. Lu Chuan and the independent non-executive directors of the Company are Mr. James Downing, Mr. Ng Yuk Keung, Mr. Wang Wenfu and Mr. George Jay Hambro.
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