AI assistant
SuperRobotics Limited — Capital/Financing Update 2013
Sep 30, 2013
51311_rns_2013-09-30_fcd21a7f-3253-4aa7-b602-bcce40bfad54.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 [107 x 67] intentionally omitted <==
----- Start of picture text ----- EDS Wellness Holdings Limited----- End of picture text -----
EDS Wellness Holdings Limited
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8176)
EXTENSION OF LONG STOP DATE
Reference is made to the announcement (the ‘‘Announcement’’) of the Company dated 17 September 2013 in relation to the proposed acquisition of 51% equity interest of a business which is engaging in beauty and wellness services business in Hong Kong. Unless the context otherwise requires, capitalised terms used herein shall have the same meanings as defined in the Announcement.
Pursuant to the Term Sheet as disclosed in the Announcement, (i) the Vendors and EDS International shall negotiate in good faith and use their best efforts to finalise the Formal Agreement in relation to the Proposed Acquisition incorporating all the major terms as set out in the Term Sheet on or before 30 September 2013 (the ‘‘Long Stop Date’’); and (ii) none of the parties shall have any liability whatsoever to the other under the Term Sheet should they fail to reach an agreement on the terms of the Formal Agreement on or before the Long Stop Date, provided they have each complied with their obligation to negotiate in good faith.
As additional time is required for the Vendors and EDS International to finalize the terms of the Formal Agreement, the Vendors and EDS International entered into an extension agreement (the ‘‘Extension Agreement’’) on 30 September 2013 to confirm their mutual agreement to extend the Long Stop Date from 30 September 2013 to 10 October 2013.
Save for the Long Stop Date, the terms and conditions of the Term Sheet remain intact and unchanged and the Term Sheet as supplemented by the Extension Agreement shall remain in full force and effect.
By order of the Board EDS Wellness Holdings Limited Yu Zhen Hua Johnny Chairman
Hong Kong, 30 September 2013
As at the date of this announcement, the Board comprises four executive Directors, namely Mr. Yu Zhen Hua Johnny, Mr. Wang Xiaofei (with Mr. Lee Chan Wah as alternate), Mr. Wang Shangzhong and Mr. Lee Chan Wah; one non-executive Director, namely Mr. Du Juanhong; and three independent non-executive Directors, namely Mr. Tam B Ray Billy, Mr. Chu Kin Wang Peleus and Mr. Tse Joseph.
– 1 –
This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will remain on the ‘‘Latest Company Announcements’’ page of the GEM website at www.hkgem.com for a minimum period of 7 days from the date of its publication and on the Company’s website at www.eds-wellness.com.
– 2 –