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hmvod Limited — Capital/Financing Update 2013
Apr 30, 2013
51270_rns_2013-04-30_d7a7f656-fd47-4d24-ae9e-388f55923689.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.
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)
EXTENSION OF LONG STOP DATE
PLACING OF NEW SHARES AND UNLISTED WARRANTS UNDER SPECIFIC MANDATE
Reference is made to the Company’s announcement dated 28 December 2012 and circular dated 8 February 2013 (“Circular”) and announcements dated 18 March 2013 and 15 April 2013 (“Announcements”) relating to the placing of up to 250,000,000 Placing Shares and 64,600,000 Warrants under specific mandate. Unless otherwise stated, terms use herein shall have the same meanings as defined in the Circular and the Announcements.
Share Placing
Pursuant to the Share Placing Agreement, if the conditions precedent set out therein are not fulfilled on or before 30 April 2013 (“Share Placing Long Stop Date”) (or such other time and date as the Placing Agent and the Company shall agree in writing), all rights, obligations and liabilities of the parties under the Share Placing Agreement shall cease and determine and neither parties shall have any claim against the others save for any antecedent breach. The Placing Agent has so far procured Share Placees for a total of 129,000,000 Placing Shares.
On 30 April 2013, the Company and the Placing Agent entered into a confirmation letter pursuant to which the parties have agreed to extend the Share Placing Long Stop Date to 28 June 2013 in order to allow additional time for fulfillment of the conditions precedent. Save as aforesaid, there is no other changes to the terms of the Share Placing.
Warrant Placing
Pursuant to the Warrant Placing Agreement, if the conditions precedent set out therein are not fulfilled on or before 30 April 2013 (“Warrant Placing Long Stop Date”) or such later date as may be agreed between the Company and the Placing Agent, the Warrant Placing Agreement will lapse and become null
* for identification purpose only
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and void and the parties shall be released from all obligations hereunder, save for the liabilities for any antecedent breaches hereof. As at the date of this announcement, the Placing Agent has not procured any Warrant Placee for the Warrants.
On 30 April 2013, the Company and the Placing Agent entered into a confirmation letter pursuant to which the parties have agreed to extend the Warrant Placing Long Stop Date to 28 June 2013 in order to allow additional time for fulfillment of the conditions precedent. Save as aforesaid, there is no other changes to the terms of the Warrant Placing.
By Order of the Board of Tai Shing International (Holdings) Limited Liu Bo Chairman
Hong Kong, 30 April 2013
As at the date of this announcement, the Board comprises the following Directors:
Executive Directors:
Mr. Liu Bo (Chairman) Mr. Han Fangfa Ms. Ju Lijun Ms. Huang Miaochan Mr. Zhang Jinshu
Non-executive Director:
Dr. Pan Jin Mr. Dai Yuanxin
Ms. Xiao Yongzhen
Independent non-executive Directors:
Mr. Chan Yee Sze Mr. Xu Jingbin Ms. Hu Yun Mr. Tan Heming
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 GEM website at http://www.hkgem.com on the “Latest Company Announcements” page for 7 days from the date of its posting and on the website of the Company.
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