Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Unitas Holdings Limited Capital/Financing Update 2012

Oct 29, 2012

51218_rns_2012-10-29_24f653ef-9278-45f8-9aeb-1101dc9b4587.pdf

Capital/Financing Update

Open in viewer

Opens 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 [61 x 91] intentionally omitted <==

CHANCETON FINANCIAL GROUP LIMITED 川盟金融集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8020)

EXTENSION OF LONG STOP DATE

IN RELATION TO ACQUISITION OF 20% EQUITY INTERESTS IN REVENUE SYNTHESIS LIMITED RELATING TO AIDS MEDICATION BUSINESS, INVOLVING ISSUE OF CONSIDERATION SHARES AND CONVERTIBLE BONDS UNDER GENERAL MANDATE

Reference is made to the announcement (the “ Announcement ”) of Chanceton Financial Group Limited (the “ Company ”) dated 27 August 2012. Definitions and terms used in this announcement shall bear the same meanings as defined in the Announcement unless the context otherwise requires.

EXTENSION OF LONG STOP DATE

As provided in the Sale and Purchase Agreement, the Completion is conditional upon the fulfillment of certain conditions precedent to the Completion (the “ Conditions ”), and, if the Conditions have not been fulfilled or waived (as the case may be) on or before 31 October 2012 (the “ Long Stop Date ”), or such later date as the Purchaser and the Vendors may agree, the Sale and Purchase Agreement shall cease and determine, and thereafter neither party shall have any obligations and liabilities towards each other thereunder save for any antecedent breaches of the terms thereof.

– 1 –

As additional time is required for the fulfillment of the Conditions, on 29 October 2012, the parties to the Sale and Purchase Agreement have agreed in writing to extend the Long Stop Date for the fulfillment of the Conditions to 31 December, 2012 or such other later date as the parties thereto may agree in writing. The Board considers that the extension of the Long Stop Date to 31 December 2012 would be in the interests of the Company and the Shareholders as a whole. Save and except for the aforesaid extension of the Long Stop Date, all other terms of the Sale and Purchase Agreement shall remain unchanged and continue in full force and effect.

By Order of the Board Chanceton Financial Group Limited Wong Kam Wah Chairman

Hong Kong, 29 October 2012

As at the date of this announcement, the executive Directors are Mr. Wong Kam Wah (Chairman), Dr. Cheung Victor Chor Keung, Mr. Leung Man Kit and Mr. Lau Ling Tak, non-executive Director is Ms. Man Wing Yee Ginny and the independent non-executive Directors are Mr. Chiu Chi Kong, Mr. William Robert Majcher and Mr. Yau Yan Ming Raymond.

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, (i) the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive and (ii) there are no other matters the omission of which would make any statement in this announcement misleading.

This announcement will remain on the GEM website (www.hkgem.com) and on the “Latest Company Announcements” page for at least 7 days from the date of its posting. This announcement will also be published on the Company’s website (www.chanceton.com).

– 2 –