AI assistant
Shanghai Able Digital Science&Tech Co., Ltd. — Capital/Financing Update 2021
Sep 1, 2021
50757_rns_2021-09-01_4ee59b3b-dc92-4eb4-a943-39c2c1f09a42.pdf
Capital/Financing Update
Open in viewerOpens 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 [280 x 131] intentionally omitted <==
VOLUNTARY ANNOUNCEMENT
COMPLETION OF THE PROPOSED ACQUISITIONS OF PARTICIPATING INTERESTS IN ANCILLARY BUSINESSES FOR THE KARAZHANBAS OILFIELD IN KAZAKHSTAN
Reference is made to the announcement of CITIC Resources Holdings Limited (the “ Company ”) dated 7 July 2021 in relation to the Proposed Acquisitions (the “ Announcement ”). Unless otherwise specified, capitalised terms used in this announcement have the same meanings as those defined in the Announcement.
The Board is pleased to announce that all the conditions precedent for the Proposed Acquisitions have been fulfilled and the completion of the Proposed Acquisitions has taken place on 31 August 2021. Immediately after completion of the Proposed Acquisitions, the entire participating interest of each of Caspi Bitum and UTTiOS is directly owned by CCPL, which is a wholly-owned subsidiary of CCEL. As CCEL is not a subsidiary of the Company, but a joint venture whose results are accounted for in the Group’s consolidated financial statements using the equity method, each of Caspi Bitum and UTTiOS has not become a subsidiary of the Company immediately after completion of the Proposed Acquisitions.
By Order of the Board CITIC Resources Holdings Limited Sun Yufeng Chairman
Hong Kong, 1 September 2021
As at the date hereof, Mr. Sun Yufeng; Mr. Suo Zhengang and Mr. Sun Yang are executive directors of the Company, Mr. Chan Kin is a non-executive director of the Company, and Mr. Fan Ren Da, Anthony; Mr. Gao Pei Ji and Mr. Look Andrew are independent non-executive directors of the Company