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Time Interconnect Technology Limited — Capital/Financing Update 2019
Jul 5, 2019
50124_rns_2019-07-05_725fe79d-66a5-4ac3-8e7f-2ec569560a8e.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: 1729)
VOLUNTARY ANNOUNCEMENT POSSIBLE ACQUISITION AND CONNECTED TRANSACTION
This announcement is made by Time Interconnect Technology Limited (the ‘‘Company’’) on a voluntary basis.
As at the date of this announcement, the Company is in the process of negotiation with Linkz Industries Limited (‘‘Linkz’’), being the controlling shareholder of the Company, for the possible acquisition of the business of manufacturing and sales of networking cables engaged by the relevant subsidiaries of Linkz (the ‘‘Possible Acquisition’’). No binding agreement has been signed by the parties in relation to the Possible Acquisition as at the date of this announcement and the parties are in the process of negotiating the terms of the Possible Acquisition.
The board of directors (the ‘‘Board’’) wishes to emphasise that no binding agreement in relation to the Possible Acquisition has been entered into as at the date of this announcement. As such, the Possible Acquisition may or may not proceed. If the Possible Acquisition materialises, it will constitute a notifiable and connected transaction for the Company pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Further announcement(s) in respect of the development of the Possible Acquisition will be made by the Company when and as necessary.
Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.
By order of the Board Time Interconnect Technology Limited Cua Tin Yin Simon Executive Director and Chief Executive Officer
Hong Kong, 5 July 2019
As at the date of this announcement, the Board comprises two executive directors, namely Mr. Cua Tin Yin Simon and Mr. Wong Chi Kuen, one non-executive director, namely Mr. Lo Chung Wai Paul and three independent non-executive directors, namely Mr. Ho Hin Shun, Mr. Luk Wai Shing and Mr. Chan Chung Shun Eric.