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Vision Values Holdings Ltd. — Capital/Financing Update 2013
Apr 10, 2013
49521_rns_2013-04-10_f0090da9-0bd1-4cf2-a4eb-b7f16ff75b04.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.
VISION VALUES HOLDINGS LIMITED
(Incorporated in the Cayman Islands with limited liability) (Stock Code: 862 )
AMENDMENTS TO THE TERMS OF THE DISPOSAL OF PROPERTIES
Reference is made to the announcement (the “ Announcement ”) of Vision Values Holdings Limited (the “ Company ”) dated 22 March 2013 in relation to the provisional sale and purchase agreement (the “ Provisional Agreement ”) dated 22 March 2013 and entered into between Golden Union Development Limited as vendor and Great Bonus Limited as purchaser in relation to the disposal of properties. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcement.
The Board wishes to announce that, on 10 April 2013, the Vendor and the Purchaser agreed to amend the terms of the Provisional Agreement by way of exchange of correspondence as follows:
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(1) to extend the period of 21 days from the date of the Provisional Agreement during which the Purchaser shall be entitled to rescind the Provisional Agreement, for a further 14 days, until 26 April 2013; and
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(2) to postpone the date of the signing of the Formal Agreement and payment of the further deposit from 17 April 2013 to 30 April 2013.
Save as disclosed above, other terms of the Provisional Agreement remain unchanged. For the avoidance of doubt, the proposed completion date for the Disposal remains as on or before 17 June 2013.
By order of the Board Vision Values Holdings Limited Lo Lin Shing, Simon Chairman
Hong Kong, 10 April 2013
As at the date hereof, the Board comprises five Directors, of which Mr. Lo Lin Shing, Simon and Mr. Ho Hau Chong, Norman are executive Directors, Mr. Tsui Hing Chuen, William JP, Mr. Lee Kee Wai, Frank and Mr. Lau Wai Piu are independent non-executive Directors.