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SuperRobotics Limited — Capital/Financing Update 2016
Dec 30, 2016
51311_rns_2016-12-30_db6170d0-3cd8-44d4-99dc-4e4dd90d9979.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.
SkyNet Group Limited 航空互聯集團有限公司
(Incorporated in the Cayman Islands and continued in Bermuda with limited liability)
(Stock Code: 8176)
EXTENSION OF LONG STOP DATE OF THE DISPOSAL AGREEMENT IN RELATION TO THE DISPOSAL OF 100% EQUITY INTEREST IN EDS (ASIA) LIMITED AND THE SALE LOAN
Reference is made to the announcement of SkyNet Group Limited dated 16 December 2016 (the “ Announcement ”) in relation to the discloseable transaction in respect of the disposal of (the “ Disposal ”) (i) the entire issued share capital of EDS (Asia) Limited (the “ Target Company ”); and (ii) the unsecured interest-free loans owed by the Target Company to EDS International Holdings Limited as at completion of the Disposal. Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as defined in the Announcement.
EXTENSION OF LONG STOP DATE
As there was a change in control (as defined in the Code on Takeovers and Mergers) in the Company on 6 November 2015 and the Disposal involves a disposal of the Group’s existing business for a period of 24 months after the change in control, the Company has recently applied to The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) for a waiver from strict compliance with Rule 19.81 of the GEM Listing Rules.
On 30 December 2016 (after the trading hours of the Stock Exchange), the Vendor and the Purchaser entered into the deed of variation pursuant to which the parties mutually agreed to extend the Long Stop Date from 31 December 2016 to 28 February 2017 for pending the outcome of the waiver application.
Save for the above, all other terms and conditions of the Disposal Agreement shall remain unchanged.
By Order of the Board
SkyNet Group Limited Cai Zhaoyang
Executive Director, Chairman and Chief Executive Officer
Hong Kong, 30 December 2016
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As at the date of this announcement, the Board comprises six executive Directors, namely Mr. Cai Zhaoyang, Mr. Chan Kin Wah Billy, Mr. Lee Chan Wah, Mr. Zhang Chong, Mr. Zhang Chongdi and Dr. Andrew Goldenberg; and three independent non-executive Directors, namely Mr. Tam B Ray, Billy, Mr. Chu Kin Wang, Peleus and Mr. Tse Joseph.
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 website of the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited at http://www.hkgem. com for at least 7 days from the date of its posting and be posted on the website of the Company at http://www.skynetgroup.com.hk.
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