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hmvod Limited — Capital/Financing Update 2011
Sep 5, 2011
51270_rns_2011-09-05_8426c15f-9e10-49d6-bc01-b109f4eeeb77.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.
This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company.
**Tai Shing International (Holdings) Limited *** 泰盛國際(控股)有限公司
(Incorporated in the Cayman Islands with limited liability) (Stock Code: 8103)
SUPPLEMENTAL ANNOUNCEMENT ACQUISITION OF JOINT BRIDGE INVOLVING ISSUE OF CONSIDERATION SHARES
Reference is made to the announcement of Tai Shing International (Holdings) Limited (“ Company ”) dated 2 September 2011 (“ Announcement ”) in relation to the acquisition of 100% of the issued share capital of Joint Bridge. Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcement.
The Board wishes to further announce that the Consideration was arrived at after arm’s length negotiation between the Vendors and the Company on normal commercial terms principally with reference (i) the expected consolidated net profit of Joint Bridge of at least HK$4,000,000 for the year ending 31 December 2011; (ii) the business potential of the Target Group; and (iii) the synergy effect that the Target Group is expected to bring to the Group’s business.
By order of the Board of Tai Shing International (Holdings) Limited Wong Chung Wai, Eric Chairman and executive Director
Hong Kong, 5 September 2011
* For identification purpose only
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As at the date of this announcement, the Board comprises the following Directors:
Executive Directors:
Mr. Wong Chung Wai, Eric (Chairman) Mr. Chan Yun Sang Mr. Choi King Lit Mr. Han Fangfa
Non-executive Director:
Dr. Pan Jin
Independent non-executive Directors:
Mr. Tang Sze Lok Mr. Lee Kwok Yung Mr. Chan Wai Kwong, Peter
This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will remain on the “Latest Company Announcements” page of the GEM website at www.hkgem.com for at least 7 days from the date of its publication.
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