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RoboSense Technology Co., Ltd — Capital/Financing Update 2017
Aug 31, 2017
50628_rns_2017-08-31_faa1be93-0a15-4cfa-a220-399259102979.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 any securities of the Company.
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UPDATE ON (1) VERY SUBSTANTIAL ACQUISITIONS AND CONNECTED TRANSACTIONS; (2) PROPOSED ISSUANCE AND PLACING OF A SHARES; AND (3) APPLICATION FOR WHITEWASH WAIVER
Financial adviser to the Company
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References are made to the announcements of Luoyang Glass Company Limited* (the “ Company ”) dated (i) 7 February 2017 in relation to its (a) very substantial acquisitions and connected transactions; (b) proposed issuance and placing of A shares (the “ Proposed A Share Placing ”, and together with the very substantial acquisitions and connected transactions, the “ Transactions ”); and (c) application for whitewash waiver (the “ Announcement ”); (ii) 24 February 2017 in relation to, among other things, the update of the Proposed A Share Placing; (iii) 28 February 2017 and 21 June 2017 in relation to, among other things, the delay in despatch of the circular (the “ Delay Announcements ”); (iv) 23 March 2017, 25 April 2017, 24 May 2017, 28 July 2017 and 7 August 2017 in relation to the update of the Transactions; and (v) the notices of the EGM and the H Shares Class Meeting of the Company dated 7 August 2017 (the “ Notices ”). Unless otherwise specified, capitalized terms used herein shall have the same meaning as those defined in the Announcement.
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The Board wishes to inform the Shareholders and potential investors of the Company that the Company and the relevant parties are in the process of preparing the financial and other information in relation to the Reorganisation to be included in the circular. As stated in the Delay Announcements, it is expected that the circular will be despatched to the Shareholders on or before 30 September 2017. However, as set out in the Notices, the EGM and the H Shares Class Meeting will be held on 26 September 2017 for considering and approving, among other things, resolutions in relation to the Transactions, and accordingly, the circular should be despatched on or before 8 September 2017 in accordance with the Listing Rules. The Company will use its best endeavours to despatch the circular on or before 8 September 2017, or postpone the convening date of the EGM and the H Shares Class Meeting when the circular is expected to be despatched after 8 September 2017. The Company will make further announcement(s) in relation to the Proposed Acquisitions, the Proposed A Share Placing, the application for the Whitewash Waiver and the convening date of the EGM and the H Shares Class Meeting in accordance with the requirements of the Takeovers Code and the Listing Rules as and when appropriate.
As at the date of this announcement, save for conditions (i) and (v) as set out in the Announcement, none of the Proposed Acquisitions Conditions Precedent has been fulfilled.
Completion of the Proposed Acquisitions, the issue of the Consideration Shares and the Proposed A Share Placing is subject to the satisfaction of the Proposed Acquisitions Conditions Precedent and therefore, may or may not proceed. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the Shares.
By order of the Board Luoyang Glass Company Limited[*] Zhang Chong Chairman
Luoyang, the PRC 31 August 2017
As at the date of this announcement, the Board comprises four executive Directors: Mr. Zhang Chong, Mr. Ni Zhisen, Mr. Wang Guoqiang and Mr. Ma Yan; one nonexecutive Director: Mr. Xie Jun; and four independent non-executive Directors: Mr. Jin Zhanping, Mr. Liu Tianni, Mr. Ye Shuhua and Mr. He Baofeng.
The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.
- For identification purposes only
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