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Sinopec Engineering Group Co Ltd. — Capital/Financing Update 2015
Jan 28, 2015
14896_rns_2015-01-28_8fa67514-1599-4efd-be3d-b0db05460642.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)
PROPOSED ISSUE OF NOTES
This announcement is made by Universe International Holdings Limited (“ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities (“ Listing Rules ”) on The Stock Exchange of Hong Kong Limited (“ Stock Exchange ”) and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).
The board (“ Board ”) of directors (“ Directors ”) of the Company announces that after trading hours on 28 January 2015, the Company as the issuer and Convoy Asset Management Limited as the placing agent (“ Placing Agent ”), entered into a placing agreement (“ Placing Agreement ”) pursuant to which the Placing Agent agreed to act as placing agent of the Company, on a best endeavour basis, to procure the placee(s) who (and its/his/her/their respective ultimate beneficial owner(s), if applicable) shall be third parties independent of, and not connected with the Company, its connected persons (within the meaning of the Listing Rules) and their respective associates, to subscribe for the 6.5% per annum notes (“ Notes ”) to be issued by the Company in an aggregate principal amount of up to HK$50,000,000 maturing on the same calendar date of the 18th month after the issue date of the Notes at the placing price equal to 100% of the principal amount of the Notes (“ Placing ”). The placing period (“ Placing Period ”) for the Placing shall last for a period of two months commencing on the day immediately following the date of the Placing Agreement. If the aggregate principal amount of the Notes successfully placed by the Placing Agent during the Placing Period is less than HK$10,000,000, the Company is not obliged to issue the Notes to the placee(s) pursuant to the Placing Agreement and has the absolute discretion on determining whether the Notes shall be so issued.
The Notes will constitute direct, unconditional, unsubordinated and unsecured obligations of the Company which will rank equally and without any preference amongst themselves and at all times rank at least pari passu with all other present and future direct, unconditional, unsubordinated and unsecured obligations of the Company. No listing of the Notes will be sought on the Stock Exchange or any other stock exchanges.
- for identification purposes only
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To the best of the knowledge, information and belief of the Directors, having made all reasonable enquiry, as at the date of this announcement each of the Placing Agent and its ultimate beneficial owner(s) is not a connected person (within the meaning of the Listing Rules) of the Company.
The Group is principally engaged in distribution of films in various videogram formats, film exhibition, licensing and sub-licensing of film rights, leasing of investment properties, securities investment and money lending.
The Directors consider that the Placing represents an opportunity to obtain funding, which is intended to be used to finance any potential investment opportunities of the Group that may arise from time to time and for the general working capital of the Group.
The Board is of the view that the transactions contemplated by the Placing Agreement and the issue of the Notes are in the interests of the Company and its shareholders (“ Shareholders ”) as a whole.
Shareholders and potential investors should note that under the Placing Agreement, the Placing is undertaken on a best endeavour basis. As the Placing may or may not proceed, Shareholders and potential investors are reminded to exercise caution when dealing in the securities of the Company.
On behalf of the Board Universe International Holdings Limited Lam Shiu Ming, Daneil Chairman and Executive Director
Hong Kong, 28 January 2015
As at the date of this announcement, the Board comprise of Mr. Lam Shiu Ming, Daneil, Mr. Hung Cho Sing, Mr. Yeung Kim Piu and Mr. Lam Kit Sun as executive Directors and Mr. Lam Wing Tai, Mr. Choi Wing Koon and Mr. Lam Chi Keung as independent non-executive Directors.
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