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Harbour Centre Development Limited Capital/Financing Update 2012

Nov 5, 2012

48902_rns_2012-11-05_099843e2-68bd-4e0c-b79b-3217ce4e09a1.pdf

Capital/Financing Update

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NOT FOR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES

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.

This announcement is for information purposes only and does not constitute an invitation or a solicitation of an offer to acquire, purchase or subscribe for securities or an invitation to enter into an agreement to do any such things, nor is it calculated to invite any offer to acquire, purchase or subscribe for any securities. This announcement is not an offer of securities for sale in Hong Kong and the United States or elsewhere. The Bonds are not available for general subscription in Hong Kong or elsewhere.

The Company has not registered and does not intend to register any of the Bonds under the U.S. Securities Act of 1933, as amended (the “ US Securities Act ”), or the securities law of any state of the United States or other jurisdiction. The Bonds may not be offered or sold in the United States (as defined in Regulation S under the US Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and any applicable state or local securities laws in the United States.

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FAR EAST CONSORTIUM INTERNATIONAL LIMITED

(Incorporated in the Cayman Islands with limited liability) Website: http://www.fecil.com.hk

(Stock Code: 35)

PROPOSED ISSUE OF US$ BONDS BY FAR EAST CONSORTIUM INTERNATIONAL LIMITED

The Board hereby announces that it proposes to conduct an international offering of US$ bonds and will commence a series of meetings with institutional investors.

As no binding agreement in relation to the Proposed Issue has been entered into as at the date of this announcement, the Proposed Issue may or may not materialise. Investors and shareholders of the Company are urged to exercise caution when dealing in the securities of the Company.

A further announcement in respect of the Bonds will be made by the Company if and when it enters into a binding agreement for the Proposed Issue.

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The Board hereby announces that it proposes to conduct an international offering of US$ bonds and will commence a series of meetings with institutional investors.

The Company has appointed Barclays and Deutsche Bank as the joint lead managers and joint bookrunners in respect of the Proposed Issue.

The completion of the Proposed Issue is subject to market conditions and investors’ interest. The terms of the Proposed Issue, including the aggregate principal amount, the issue price and interest rate, will be determined through a book-building exercise to be conducted. Upon finalisation of the terms of the Bonds, the Joint Lead Managers and the Company will enter into a Subscription Agreement and other ancillary documents. Further announcement(s) in respect of the Proposed Issue will be made by the Company as and when appropriate.

The Bonds have not been and will not be registered under the US Securities Act, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act.

None of the Bonds will be offered to the public in Hong Kong or elsewhere, and none of the Bonds will be placed with any connected persons of the Company.

The Company intends to seek a listing of the Bonds on the Stock Exchange. An application will be made for the listing of the Bonds on the Stock Exchange by way of debt issues to professional investors only. There is no guarantee that an approval of listing of the Bonds on the Stock Exchange will be obtained. Approval of the listing of the Bonds on the Stock Exchange is not to be taken as an indication of the merits of the Company or the Bonds.

As no binding agreement in relation to the Proposed Issue has been entered into as at the date of this announcement, the Proposed Issue may or may not materialise. Investors and shareholders of the Company are urged to exercise caution when dealing in the securities of the Company.

A further announcement in respect of the Bonds will be made by the Company if and when it enters into a binding agreement for the Proposed Issue.

TERMS USED IN THIS ANNOUNCEMENT

“Barclays” Barclays Bank PLC “Board” the board of directors of the Company “Bonds” the US$ bonds proposed to be issued by the Company

“Company” Far East Consortium International Limited, a company incorporated in the Cayman Islands with limited liability, the shares of which are listed on the Stock Exchange

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“connected person” has the meaning ascribed to it in the Listing Rules “Deutsche Bank” Deutsche Bank AG, Singapore Branch “Director(s)” director(s) of the Company “Hong Kong” the Hong Kong Special Administrative Region of the People’s Republic of China

  • “Joint Lead Managers” Barclays and Deutsche Bank

  • “Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange

  • “Proposed Issue” the proposed issue of Bonds by the Company

  • “Stock Exchange” The Stock Exchange of Hong Kong Limited

  • “Subscription Agreement” the subscription agreement proposed to be entered between, among others, the Company, Barclays and Deutsche Bank in relation to the Proposed Issue

  • “United States or US” the United States of America, its territories and possessions, any State of the United States, and the District of Columbia

  • “US$” United States dollars, the lawful currency of the US “US Securities Act” United States Securities Act of 1933, as amended from time to time

By order of the Board of

Far East Consortium International Limited Boswell Wai Hung CHEUNG Chief Financial Officer and Company Secretary

Hong Kong, 5 November 2012

As at the date of this announcement, the Board comprises five executive Directors, namely Tan Sri Dato’ David CHIU, Mr. Dennis CHIU, Mr. Craig Grenfell WILLIAMS, Mr. Cheong Thard HOONG and Mr. Chi Hing CHAN; one non-executive Director, namely Mr. Daniel Tat Jung CHIU; and three independent non-executive Directors, namely Mr. Kwok Wai CHAN, Mr. Peter Man Kong WONG and Mr. Kwong Siu LAM.

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