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eprint Group Limited — Capital/Financing Update 2015
Aug 11, 2015
50240_rns_2015-08-11_917a5ac6-e033-4a73-bbed-e450d5b022a5.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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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 (the “Inside Information Provisions”) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the “SFO”).
The Board is pleased to announce that on 11 August 2015, the Company entered into a non-legally binding memorandum of understanding (the “MOU”) with Fitness World (Group) Limited (“Fitness World”), pursuant to which the Company or any of its designated subsidiary shall subscribe for new shares in Fitness World representing 30% of its then issued share capital, either payable in form of cash or provision of system technology services (“Co-operation”).
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.
Fitness World is principally engaged in fitness services which includes a combination of philosophy of ‘exercise, medical treatment, preserve health’.
The Directors consider that the Co-operation will enable the Group by utilizing its system technology to diversify the Group’s business into different industry.
The parties shall further negotiate the detailed terms of the Co-operation. As the MOU is not legally binding with regard to the Co-operation, the Co-operation may or may not proceed. Further announcement(s) in respect of the Co-operation under the MOU will be made by the Company as and when appropriate.
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To the best of the Directors’ knowledge, information and belief, having made all reasonable enquiries, Fitness World and its ultimate beneficial owners are party(ies) independent of and not connected with the Company and its connected persons (as defined under the Rules Governing the Listing of Securities on the Stock Exchange).
On behalf of the Board eprint Group Limited She Siu Kee William Chairman
Hong Kong, 11 August 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.
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