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RoboSense Technology Co., Ltd — Capital/Financing Update 2016
Sep 23, 2016
50628_rns_2016-09-23_7d23c3dc-106c-439c-b3b5-8fdbb2e8ddf7.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.
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ANNOUNCEMENT IN RESPECT OF SUSPENSION OF TRADING IN A SHARES IN RELATION TO A SIGNIFICANT ASSETS RESTRUCTURING
This announcement is made by Luoyang Glass Company Limited* (the “ Company ”) pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Reference is made to the announcement of the Company dated 7 September 2016 in relation to contemplation of a significant event (the “ Event ”) and the announcement of the Company dated 14 September 2016 in respect of continuation of suspension of trading in A shares in relation to the Event. As the Company is contemplating the Event, the trading in the A shares of the Company has been suspended since 8 September 2016. After the discussion and negotiation of the relevant parties, the Event constitutes a significant assets restructuring of the Company.
In order to ensure the fairness in information disclosure, protect the interest of the investors and avoid unusual movement in the price of the Company’s A shares, upon request of the Company to the Shanghai Stock Exchange (the “ Shanghai Stock Exchange ”), it is expected that the trading in the A shares of the Company will be suspended from 8 September 2016 for not more than one month.
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According to the “Administrative Measures on Significant Assets Restructuring of Listed Companies (上市公司重大資產重組管理辦法)” and other relevant regulations in the PRC, the Company will arrange the relevant intermediary agencies to commence audit works, valuation, legal and financial consultation, etc. During the period of suspension of trading in the A shares of the Company, the Company will, based on the progress of the Event, fulfill its obligations of information disclosure in a timely manner. After completion of the relevant works, the board meeting of the Company will be held to consider the proposal of the significant asset restructuring, and the Company will make announcement(s) and resume trading in the A shares of the Company upon request to the Shanghai Stock Exchange in a timely manner.
As the Company is contemplating the Event, whether to proceed with the Event involves significant uncertainties. If it does proceed, the Event may still be subject to certain conditions. Investors and shareholders are advised by the board of directors of the Company to exercise caution when dealing in the shares of the Company.
By order of the Board Luoyang Glass Company Limited Zhang Chong* Chairman
Luoyang, the PRC 23 September 2016
As at the date of this announcement, the board of directors of the Company comprises four executive Directors: Mr. Zhang Chong, Mr. Ni Zhisen, Mr. Wang Guoqiang and Mr. Ma Yan; three non-executive Directors: Mr. Zhang Chengong, Mr. Xie Jun and Mr. Tang Liwei; and four independent non-executive Directors: Mr. Jin Zhanping, Mr. Liu Tianni, Mr. Ye Shuhua and Mr. He Baofeng.
- for identification purposes only
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