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E-Commodities Holdings Limited — Capital/Financing Update 2015
Jun 30, 2015
50127_rns_2015-06-30_bf1efc26-85c2-41f4-9beb-7f9b5554595f.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)
FURTHER EXTENSION OF THE LONGSTOP DATE RELATING TO THE MAJOR TRANSACTION — DISPOSAL OF 42.74% INTEREST IN GRANDE CACHE COAL CORPORATION AND GRANDE CACHE COAL LP
Reference is made to the announcements of Winsway Enterprises Holdings Limited (the “ Company ”) dated 19 November 2014, 2 December 2014, 8 December 2014, 1 January 2015, 9 April 2015, 15 April 2015 and 13 May 2015 in relation to, among other things, the major transaction in connection with the disposal of 42.74% interest in Grande Cache Coal Corporation and Grande Cache Coal LP (the “ Announcements ”). Capitalised terms used in this announcement shall bear the same meanings as those defined in the Announcements unless the context requires otherwise.
FURTHER EXTENSION OF THE LONGSTOP DATE
Pursuant to the Sale and Purchase Agreement, certain Conditions of the Disposal should be satisfied on or before the Longstop Date (being extended to 30 June 2015), or on or before such later date as the Parties may agree pursuant to the Sale and Purchase Agreement.
The Parties have agreed to extend the Longstop Date to 20 July 2015, to allow more time for all relevant Conditions to be fulfilled or waived (as the case may be).
Shareholders and potential investors should note that Completion is subject to the fulfillment or waiver of the Conditions set out in the Sale and Purchase Agreement on or before the Longstop Date, as extended to 20 July 2015. The Disposal may or may not be completed. Shareholders and potential investors should exercise caution when dealing in the shares.
By Order of the Board of Winsway Enterprises Holdings Limited Cao Xinyi Company Secretary
Hong Kong, 30 June 2015
As at the date of this announcement, the executive Directors of the Company are Mr. Wang Xingchun, Ms. Zhu Hongchan, Mr. Andreas Werner, Ms. Ma Li and Mr. Wang Changqing, the non-executive Directors of the Company are Mr. Liu Qingchun and Mr. Lu Chuan and the independent non-executive Directors are Mr. James Downing, Mr. Ng Yuk Keung, Mr. Wang Wenfu and Mr. George Jay Hambro.