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E-Commodities Holdings Limited — Major Shareholding Notification 2014
Jul 15, 2014
50127_rns_2014-07-15_25554519-b8c0-45ba-874a-56a0a1bcf782.pdf
Major Shareholding Notification
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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 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)
PLEDGE OF SHARES BY CONTROLLING SHAREHOLDER
This announcement is made by Winsway Coking Coal Holdings Limited (the “ Company ”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).
The Company has been notified by Mr. Wang Xingchun (“ Mr. Wang ”), the Chairman of the Company and the Company’s controlling shareholder (as such term is defined in the Listing Rules), that he pledged 208,106,421 shares and 920,079,989 shares in the Company (the “ Pledged Shares ”) respectively through his indirectly wholly owned companies Winsway International Petroleum & Chemicals Limited and Winsway Resources Holdings Limited on July 15th, 2014 in favour of an independent third party which is a state-owned enterprise in the PRC (“ Pledgee ”) as security for the performance of certain contractual obligations of Beijing Winsway Investment Co., Ltd., a company indirectly owned by Mr. Wang, under a bona fide commercial agreement. The Company understands that Mr. Wang and the Pledgee are engaged in negotiations regarding a possible transfer of shares in the Company by Mr. Wang to the Pledgee that may involve the Pledged Shares but so far as the Company is aware terms for any such transaction have not been finalized.
As at the date of this announcement, the Pledged Shares represent approximately 29.9% of the issued shares of the Company. The above pledge of shares does not fall within the scope of Rule 13.17 of the Listing Rules.
As at the date of this announcement, including the Pledged Shares, Mr. Wang is interested in a total of 1,852,484,109 shares of the Company, representing approximately 49.10% of the total issued shares of the Company.
By Order of the Board of Winsway Coking Coal Holdings Limited Cao Xinyi Company Secretary
Hong Kong, July 15th, 2014
As at the date of this announcement, the executive Directors of the Company are Mr. Wang Xingchun, Ms. Zhu Hongchan, Mr. Yasuhisa Yamamoto, Ms. Ma Li and Mr. Wang Changqing, 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.