Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

RemeGen Co., Ltd. Capital/Financing Update 2017

Nov 15, 2017

51206_rns_2017-11-15_bdaad84f-5ac7-46f9-b3dc-657bcb382b68.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

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.

==> picture [283 x 70] intentionally omitted <==

Overseas Chinese Town (Asia) Holdings Limited 華僑城(亞洲)控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 03366)

VERY SUBSTANTIAL DISPOSAL SUPPLEMENTAL AGREEMENT TO THE SALE AND PURCHASE AGREEMENT IN RELATION TO THE DISPOSAL OF 51% OF THE ISSUED SHARE CAPITAL OF CAPITAL CONVERGE HOLDINGS LIMITED

Reference is made to the announcement of Overseas Chinese Town (Asia) Holdings Limited (the “ Company ”) dated 13 November 2017 (the “ Announcement ”) in relation to, among others, the entering into of the Sale and Purchase Agreement with the Purchaser and the Target Company regarding the disposal of 51% of the issued share capital of the Target Company. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Announcement.

On 15 November 2017 (after trading hours), the Company, the Purchaser and the Target Company entered into a supplemental agreement to the Sale and Purchase Agreement (the “ Supplemental Agreement ”) pursuant to which the parties agreed that:

  1. in accordance with the terms and conditions of the Sale and Purchase Agreement, the Purchaser shall acquire and the Company shall sell the Sale Shares (which means the 51 shares of USD1 per share of the Target Company to be sold by the Company to the Purchaser, representing 51% of the total issued share capital of the Target Company) and the Sale Loan (which means 51% of the loan which amounts to approximately RMB1,280,000,000 owned by Honour Ray to the Company as at the Closing, inclusive of all its relevant rights and interests) at the Consideration in the sum equals the USD equivalent of RMB1,395,249,891.13; and

  2. on or prior to the Closing Date, the Company shall deliver to the Purchaser a duly executed agreement in relation to the abovementioned sale and purchase of the Sale Loan.

1

Save to the extent amended and supplemented by the Supplemental Agreement, all other provisions of the Sale and Purchase Agreement shall remain in full force and effect.

By order of the Board Overseas Chinese Town (Asia) Holdings Limited He Haibin Chairman

Hong Kong, 15 November 2017

As at the date of this announcement, the Board comprises seven Directors, namely: Mr. He Haibin, Ms. Xie Mei and Mr. Lin Kaihua as executive Directors; Mr. Zhang Jing as non-executive Director; Mr. Lu Gong, Ms. Wong Wai Ling, and Professor Lam Sing Kwong Simon as independent non-executive Directors.

2