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Sands China Ltd. — Capital/Financing Update 2012
May 17, 2012
50273_rns_2012-05-17_fa2cfc1d-4e33-408a-9f05-89cd30cba3fe.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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PACIFIC PLYWOOD HOLDINGS LIMITED
太 平 洋 實 業 控 股 有 限 公 司[*] (Incorporated in Bermuda with limited liability)
(Stock code: 767)
VOLUNTARY ANNOUNCEMENT
This announcement is made pursuant to Rule 13.09 of the Listing Rules.
Reference is made to the circular of the Company dated 8 July 2011 (the ‘‘Circular’’). Unless the context otherwise specified, terms used herein shall have the same meanings as those defined in the Circular.
The Board wishes to announce that the Borrower has repaid approximately HK$67,281,000 as at the date of this announcement to the Lender as partial settlement for the loans. The loans are continued to be secured by the Mortgaged Shares.
The impairment loss provided as disclosed in the Company’s 2011 Annual Report shall be partially reversed as a gain in the financial statements.
By order of the Board Pacific Plywood Holdings Limited Huang Chuan Fu Executive Director and Deputy Chairman
Hong Kong, 17 May 2012
As at the date of this announcement, the Directors are:
Executive Directors Independent non-executive Directors Mr. Ng Kwok Fai (Chairman) Mr. Cheng Po Yuen Mr. Huang Chuan Fu (Deputy Chairman) Mr. Wong Chun Hung Mr. Liang Jian Hua Mr. Li Sui Yang Ms. Jia Hui Mr. Jiang Yi Ren
Non-executive Director
Mr. Chan Kin Sang
- For identification purposes only