Asian Growth Properties Limited Further re Proposed Disposal of Assets (3547E)
05 Maio 2017 - 9:02AM
UK Regulatory
TIDMAGP
RNS Number : 3547E
Asian Growth Properties Limited
05 May 2017
NAN LUEN INTERNATIONAL ASIAN GROWTH PROPERTIES
LIMITED LIMITED
(Incorporated in Bermuda (An Exempted Company Registered
with limited liability) in Bermuda
with Limited Liability
with Registered No. 52097)
(AIM Stock Code: AGP)
JOINT ANNOUNCEMENT
DELAY IN DESPATCH OF COMPOSITE DOCUMENT
Financial adviser to Nan Luen International Limited
Reference is made to the joint announcement of S E A Holdings
Limited ("SEA") and Nan Luen International Limited (the "Offeror")
dated 31 March 2017 in relation to, among other things, the Share
Exchange Offer ("Joint Announcement") and the joint announcement of
SEA and the Offeror dated 18 April 2017 in relation to the revised
timetable (the "Revised Timetable Announcement"). Unless the
context otherwise requires, capitalised terms used herein shall
bear the same meanings as defined in the Joint Announcement.
Pursuant to Rule 8.2 of the Takeovers Code, the Composite
Document, together with the accompanying form of acceptance and
transfer regarding the Share Exchange Offer, are required to be
despatched to the AGP Qualifying Shareholders (both existing and
arising as a result of the Distribution in Specie) within 35 days
of the date of the Joint Announcement, i.e. on or before 5 May
2017, unless consent is granted by the Executive to extend the
deadline for the despatch of the Composite Document.
As disclosed in the Revised Timetable Announcement, completion
of the Distribution in Specie is scheduled to take place on 15 May
2017. Since the Share Exchange Offer is pre-conditional upon the
completion of the Distribution in Specie and more time is required
to finalise the information to be included in the Composite
Document, an application has been made to the Executive pursuant to
Rule 8.2 of the Takeovers Code for its consent to extend the latest
time for the despatch of the Composite Document and the
accompanying form of acceptance and transfer regarding the Share
Exchange Offer to 16 May 2017, and the Executive has indicated that
it is minded to grant such consent.
Further announcement(s) will be jointly made by the Offeror and
AGP as and when appropriate.
On behalf of the board On behalf of the AGP Board
of directors of of
Nan Luen International Asian Growth Properties
Limited Limited
Lu Wing Chi Lu Wing Chi
Director Executive Director
Hong Kong, 5 May 2017
The directors of the Offeror as at the date of this joint
announcement are:
Mr. Lu Wing Chi
Mr. Lincoln Lu
Mr. Lambert Lu
The AGP Directors as at the date of this joint announcement
are:
Richard Öther Prickett (Non-executive Chairman and Independent
Non-executive Director)
Lu Wing Chi (Executive Director)
Lambert Lu (Executive Director)
David Andrew Runciman (Executive Director)
Lincoln Lu (Executive Director)
Lam Sing Tai (Non-executive Director)
John David Orchard Fulton (Independent Non-executive
Director)
The directors of the Offeror jointly and severally accept full
responsibility for the accuracy of the information contained in
this joint announcement (other than that relating to AGP) and
confirm, having made all reasonable enquiries, that to the best of
their knowledge, opinions expressed in this joint announcement
(other than those expressed by the AGP Directors) have been arrived
at after due and careful consideration and there are no other facts
not contained in this joint announcement, the omission of which
would make any statement in this joint announcement misleading.
The AGP Directors jointly and severally accept full
responsibility for the accuracy of the information contained in
this joint announcement (other than that relating to the Offeror
and parties acting in concert with it) and confirm, having made all
reasonable enquiries, that to the best of their knowledge, opinions
expressed in this joint announcement (other than those expressed by
the directors of the Offeror) have been arrived at after due and
careful consideration and there are no other facts not contained in
this joint announcement, the omission of which would make any
statement in this joint announcement misleading.
For more information, please contact:
Lu Wing Chi Tel: +852 2828 6363
Executive Director
Asian Growth Properties Limited
Richard Gray/Andrew Potts/Atholl Tweedie Tel: +44 207 886 2500
Panmure Gordon (UK) Limited
(Nominated Adviser)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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May 05, 2017 08:02 ET (12:02 GMT)
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