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NetDragon Websoft Holdings Limited — M&A Activity 2015
Nov 3, 2015
49463_rns_2015-11-03_c8b3f016-8a28-42ff-bf7c-d3ec1372b633.pdf
M&A Activity
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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.
NetDragon Websoft Inc. 網龍網絡有限公司
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 777)
COMPLETION OF VERY SUBSTANTIAL ACQUISITION IN RELATION TO THE ACQUISITION OF PROMETHEAN WORLD PLC
Reference is made to the circular (the “ Circular ”) of NetDragon Websoft Inc. (the “ Company ”) dated 31 August 2015, and the announcements of the Company dated 17 September 2015, 1 October 2015 and 16 October 2015 in relation to the Acquisition. Unless stated otherwise, capitalised terms used herein shall have the same meanings as those defined in the Circular.
The Company is pleased to announce that the compulsory acquisition, pursuant to and in accordance with sections 974 to 991 (inclusive) of the Companies Act, by Digital Train, an indirect non wholly-owned subsidiary of the Company, of the remaining 0.90 per cent. of the existing issued ordinary share capital of Promethean completed on 2 November 2015 (London time).
Following the completion of the compulsory acquisition of the remaining Promethean Shares, the very substantial acquisition in relation to the Acquisition has completed.
By order of the Board NetDragon Websoft Inc. Liu Dejian Chairman
Hong Kong, 3 November 2015
As at the date of this announcement, the Board comprises five executive Directors, namely Mr. Liu Dejian, Mr. Liu Luyuan, Mr. Zheng Hui, Mr. Chen Hongzhan and Dr. Leung Lim Kin Simon; one non-executive Director, namely Mr. Lin Dongliang; and three independent non-executive Directors, namely Mr. Chao Guowei, Charles, Mr. Lee Kwan Hung and Mr. Liu Sai Keung, Thomas.