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Television Broadcasts Limited — Capital/Financing Update 2009
Sep 7, 2009
49261_rns_2009-09-07_15726f80-e26c-4c52-ae06-1234af55aaca.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.
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(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 290)
Website: http://www.290.com.hk
EXTENSION OF LONG STOP DATE IN RELATION TO VERY SUBSTANTIAL ACQUISITION – ACQUISITION OF THE ENTIRE INTEREST IN WEALTHY AIM GROUP LIMITED
Reference is made to the announcement of the Company dated 16 March 2009 (the “ Announcement ”), in relation to, among others, the proposed acquisition of the entire interest in Wealthy Aim. Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.
As more time is needed for the fulfillment of the conditions precedent of the AMS Agreement, the Company and the AMS Vendor has entered into the supplemental agreement on 4 September 2009 to extend the AMS Long Stop Date to 31 December 2009 (or such later date as the parties may agree in writing).
Save as disclosed herein, all other terms and provisions of the AMS Agreement remain in full force and effect.
By Order of the Board of Directors of China Fortune Group Limited Ng Cheuk Fan, Keith Managing Director
Hong Kong, 7 September 2009
As at the date of this announcement, the board of directors of the Company consists of three executive directors, namely Mr. Sun Tak Yan, Desmond (Chairman), Mr. Ng Cheuk Fan, Keith (Managing Director) and Mr. Yeung Kwok Leung; and three independent non-executive directors, namely Mr. Tam B Ray Billy, Mr. Ng Kay Kwok and Mr. Lam Ka Wai, Graham.