Jilin Chemical Industrial Company Limited Announces Extraordinary General Meeting to Approve Connected Transaction
13 Novembro 2003 - 11:23AM
PR Newswire (US)
Jilin Chemical Industrial Company Limited Announces Extraordinary
General Meeting to Approve Connected Transaction JILIN CITY, China
and HONG KONG, Nov. 13 /PRNewswire-FirstCall/ -- The Board of
Directors of Jilin Chemical Industrial Company Limited (the
"Company") (HKSE: 368, NYSE: JCC) held a meeting on November 13,
2003 in Jilin City, Jilin Province, the People's Republic of China
(the "PRC") in which it voted to convene an extraordinary general
meeting on December 30, 2003 for the purpose of considering and, if
thought fit, passing the following resolution as ordinary
resolution of the Company: THAT the agreement dated 13 November,
2003 entered into between the Company and Jilin Chemical Group
Corporation for the purchase of certain assets including equipment
and machinery at an aggregate consideration of RMB159.5 million to
be satisfied by way of set off against accounts receivables of the
Company from Jilin Chemical Group Corporation be and is hereby
approved and the directors of the Company (or any of them) be and
are hereby authorized to take such actions and execute such
documents as they may consider necessary or desirable to carry out
and complete the transaction. A shareholders' circular containing
further information on the above-mentioned connected transaction,
the recommendation of the independent committee of the Board of
Directors of the Company and the advice of the independent
financial adviser will be sent to the shareholders of the Company
shortly. Jilin Chemical is the largest producer of basic chemicals
and chemical raw materials, and one of the largest diversified
chemical enterprises in the PRC. Its primary business comprises the
production of petroleum products, synthetic rubber products,
chemical fertilizers and other chemical products. DATASOURCE: Jilin
Chemical Industrial Company Limited CONTACT: Mr. Li Chunqing of
Jilin Chemical Industrial Company Limited, +86-432-3903651, fax,
+86-432-3028126; or Ms. Mabel Tai of Fortune China Public Relations
Ltd., +852-2838-1162, fax, +852-2834-5109
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