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.

eprint Group Limited Capital/Financing Update 2015

Nov 19, 2015

50240_rns_2015-11-19_808aeee8-8f12-40f8-96f4-73b222f19c5a.pdf

Capital/Financing Update

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.

==> picture [162 x 75] intentionally omitted <==

eprint GROUP LIMITED eprint 集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1884)

MEMORANDUM OF UNDERSTANDING

This announcement is made by eprint Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The Board is pleased to announce that on 19 November 2015 (after trading hours), the Company entered into a non-legally binding memorandum of understanding (the “ MOU ”) with a well-known financial printing company (the “ Financial Printing Company ”), pursuant to which the Company or any of its designated subsidiary may subscribe for new shares in the Financial Printing Company at such percentage as may be agreed between the parties (the “ Proposed Subscription ”).

The Group is principally engaged in the provision of printing services and solutions on advertisement, bound books and stationeries, to a diversified customer base in Hong Kong, including provision of one-stop internet printing service, from provision of design tools and software of customized products to various kinds of printing and processing services, to meet the diverse needs of customers.

The Financial Printing Company is principally engaged in financial printing services. It provides time-sensitive financial printing and commercial design solutions to Hong Kong’s business community and competitive service and support to meet the IPO printing needs of customers including customer services and proofreading, design, service process management and security assurance, translation and writing, printing and delivery. The Financial Printing Company has extensive experience and expertise to provide quality service to its clients.

  • 1 -

To the best of the Directors’ knowledge, information and belief, having made all reasonable enquiries, the Financial Printing Company and its ultimate beneficial owners are party(ies) independent of and not connected with the Company and its connected persons (as defined under the Listing Rules).

The Directors consider that the Proposed Subscription will enable the Group to expand its printing business into high-end financial printing market to meet the printing needs of its existing customers, and raise the Group’s position in the printing industry in Hong Kong. The acquisition of the Financial Printing Company by the Group will also create synergistic effects and the Group will contribute to the Financial Printing Company its well-established system platform technology, marketing strategy and awareness.

The parties shall further negotiate the detailed terms of the Proposed Subscription. As the MOU is non-legally binding with regard to the Proposed Subscription, the Proposed Subscription may or may not proceed. Further announcement(s) in respect of the Proposed Subscription under the MOU will be made by the Company as and when appropriate.

Shareholders and potential investors of the Company shall be aware that the terms of the Proposed Subscription are subject to further negotiation between the parties to the MOU. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

On behalf of the Board eprint Group Limited She Siu Kee William Chairman

Hong Kong, 19 November 2015

As at the date of this announcement, the executive Directors are Mr. She Siu Kee William and Mr. Fung Hong Keung; the non-executive Directors are Mr. Lam Shing Kai, Mr. Leung Wai Ming, Mr. Chong Cheuk Ki and Mr. Deng Xiaen; and the independent non-executive Directors are Dr. Lung Cheuk Wah, Mr. Chi Man Shing Stephen and Ms. Luk Mei Yan.

  • 2 -