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Sinopec Engineering Group Co Ltd. — Capital/Financing Update 2013
Jun 13, 2013
14896_rns_2013-06-13_3c766b63-6fd4-49e0-ab85-e9b08cf053fa.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.
UNIVERSE INTERNATIONAL HOLDINGS LIMITED 寰宇國際控股有限公司[*]
(Incorporated in Bermuda with limited liability)
(Stock Code: 1046)
UNUSUAL PRICE AND TRADING VOLUME MOVEMENTS PLEDGE OF SHARES BY CONTROLLING SHAREHOLDER AND RESUMPTION OF TRADING
This announcement is made by the Company pursuant to the Inside Information Provisions under Part XIVA of the SFO and Rule 13.09 of the Listing Rules.
The Board noted the recent increases in the price and trading volume of the Shares of the Company during the trading hours from 9:00 a.m. to 12:00 noon of 13 June 2013. Having made such enquiry with respect to the Company as is reasonable in the circumstances, the Board wishes to state that the Board is not aware of any reasons for such movements or of any information which must be announced to avoid a false market in the securities of the Company or of any inside information that needs to be disclosed under Part XIVA of the SFO except that the Board has been informed by the Controlling Shareholder that the Controlling Shareholder proposes to obtain the Loan from the Independent Third Party which, to the best of the knowledge, information and belief of the Directors after having made all reasonable enquires, is a finance company and is not connected with the Company and its Connected Persons, and also holds a money lender licence. As security for the Loan, the Controlling Shareholder will be required to pledge in favour of the Independent Third Party 859,131,705 Shares held by the Controlling Shareholder, representing approximately 50.19% of the entire issued share capital of the Company as at the date of this announcement.
At the request of the Company, trading in the Shares on the Stock Exchange was halted with effect from 1:00 p.m. on 13 June 2013 pending the release of this announcement. An application has been made by the Company to the Stock Exchange for the resumption of trading in the Shares with effect from 9:00 a.m. on 14 June 2013.
This announcement is made by Universe International Holdings Limited (the “ Company ”), pursuant to the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance, Chapter 571 of the Laws of the Hong Kong Special Administrative Region of the People's Republic of China (“ Hong Kong ”) (the “ SFO ”) and Rule 13.09 of the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) (the “ Listing Rules ”).
- for identification purposes only
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The Board noted the recent increases in the price and trading volume of the shares of HK$0.02 each in the capital of the Company (the “ Share ”) during the trading hours from 9:00 a.m. to 12:00 noon of 13 June 2013 and wishes to state that the Board is not aware of any reasons for such movements or of any information which must be announced to avoid a false market in the securities of the Company or of any inside information that needs to be disclosed under Part XIVA of the SFO except that the Board has been informed by Globalcrest Enterprises Limited, the controlling shareholder of the Company (the “ Controlling Shareholder ”) that the Controlling Shareholder proposes to obtain a loan, the total sum of which is still under negotiation (the “ Loan ”) from an independent third party, which, to the best of the knowledge, information and belief of the Directors after having made all reasonable enquires, is a finance company and is not connected with the Company and its connected persons (has the meaning given to it under the Listing Rules), and also has a money lender licence issued under the Money Lenders Ordinance, Chapter 163 of the Laws of Hong Kong (the “ Independent Third Party ”).
As security for the Loan, the Controlling Shareholder will be required to pledge in favour of the Independent Third Party 859,131,705 Shares held by the Controlling Shareholder, representing approximately 50.19% of the entire issued share capital of the Company as at the date of this announcement.
The entire issued share capital of the Controlling Shareholder is held by Central Core Resources Limited, the trustee of a discretionary trust under which certain immediate family members of Mr. Lam Shiu Ming, Daneil, the Chairman and executive director of the Company, are discretionary objects. Mr. Lam Shiu Ming, Daneil is also a founder of the said discretionary trust and a director of the Controlling Shareholder.
The above pledge of Shares does not fall within the scope of Rule 13.17 of the Listing Rules.
Shareholders of the Company and potential investors should note that all the terms of the Loan to, and the pledge of Shares by, the Controlling Shareholder are subject to changes, and the Loan and such pledge of Shares may or may not materialize and accordingly are advised to exercise caution when dealing in the Shares.
RESUMPTION OF TRADING
At the request of the Company, trading in the Shares on the Stock Exchange was halted with effect from 1:00 p.m. on Thursday, 13 June 2013 pending the release of this announcement. An application has been made by the Company to the Stock Exchange for the resumption of trading in the Shares with effect from 9:00 a.m. on Friday, 14 June 2013.
As at the date of this announcement, the board of directors of the Company comprises Mr. Lam Shiu Ming, Daneil, Mr. Yeung Kim Piu as executive directors of the Company and Mr. Ng Kwok Tung, Dr. Leung Shiu Ki, Albert and Mr. Ma Chun Fung, Horace as independent non-executive directors of the Company.
By Order of the Board Lam Shiu Ming, Daneil Chairman and Executive Director
Hong Kong, 13 June 2013
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