By 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.
(incorporated in Bermuda with limited liability)
(stock code: 659) COMPLETION OF DISCLOSEABLE AND CONNECTED TRANSACTION IN RELATION TO THE ACQUISITION OF ADDITIONAL INTEREST IN A COMPANY ENGAGED IN THE OPERATION OF HANGZHOU RING ROAD REDEMPTION OF 12% SENIOR NOTES DUE 2015 BY A SUBSIDIARY
The Board is pleased to announce that completion of the
Fourth Stage Acquisition took place on 6 January 2012. Upon
Completion, the Company indirectly owns 100% of the total
issued shares in both Widefaith and CFC, which together
represent 95% effective interest in the Project Company.
An overseas regulatory announcement in respect of the
redemption of the US$225,000,000 12% Senior Notes due 2015 by
CFC is reproduced in the attachment of this announcement
pursuant to Rule 13.09(2) of the Listing Rules.
Reference is made to the joint announcement of NWD and the
Company dated 17 November 2011 and the circular of the
Company dated 6 December 2011 (the "Circular") in relation to
the Fourth Stage Acquisition. Capitalized terms used herein
shall have the same meanings as those defined in the Circular
unless otherwise defined.
The Board is pleased to announce that all the conditions
precedent to the 75% Widefaith Sale and Purchase Agreement
have been fulfilled and completion of the Fourth Stage
Acquisition took place on 6 January 2012. Upon Completion,
the Company indirectly owns 100% of the total issued shares
in both Widefaith and CFC, which together represent 95%
effective interest in the Project Company. The Project
Company is principally engaged in the operation of Hangzhou
Ring Road.
1
CFC, an indirect wholly-owned subsidiary of the Company, has
published an announcement on the Singapore Exchange
Securities Trading Limited on 11 January 2012 in respect of
the redemption of the US$225,000,000 12% Senior Notes due
2015. Pursuant to Rule 13.09(2) of the Listing Rules, full
text of such announcement is reproduced in the attachment of
this announcement.
By order of the Board
Chairman
Hong Kong, 11 January 2012
As at the date of this announcement, the Board comprises (a) six executive Directors, namely Dr. Cheng Kar Shun, Henry, Mr. Tsang Yam Pui, Mr. Lam Wai Hon, Patrick, Mr. Cheung Chin Cheung, Mr. William Junior Guilherme Doo and Mr. Cheng Chi Ming, Brian; (b) four non-executive Directors, namely Mr. Doo Wai Hoi, William, Mr. Wilfried Ernst Kaffenberger (alternate director to Mr. Wilfried Ernst Kaffenberger: Mr. Yeung Kun Wah, David), Mr. To Hin Tsun, Gerald and Mr. Dominic Lai; and (c) three independent non-executive Directors, namely Mr. Kwong Che Keung, Gordon, Dr. Cheng Wai Chee, Christopher and The Honourable Shek Lai Him, Abraham.
* For identification purposes only
2
Chinese Future Corporation(incorporated with limited liability under the laws of the Cayman Islands)
Company Registration No: CT-154762
ANNOUNCEMENT US$225,000,000 12% SENIOR NOTES DUE 2015 NOTICE OF FULL REDEMPTION
Chinese Future Corporation (the "Company") refers to the
US$225,000,000 12% Senior Notes due 2015 (CUSIP: 16947TAA6
and G21106AA0; ISIN US16947TAA60 and USG21106AA09; Common
Code: 023761696 and 023761629) (the "Notes") issued by the
Company. The Singapore Exchange Securities Trading Limited
assumes no responsibility for the correctness of any of the
statements made in this announcement.
On 11 January 2012, the Company provided an irrevocable
notice ("Redemption Notice") to the holders of its Notes of
redemption in full of the outstanding Notes in accordance
with Section
3.02(b) of the indenture, dated as of 9 December 2005 (the
"Indenture") among the Company, Chinese Future Limited, as
subsidiary guarantor and The Law Debenture Trust Company
p.l.c., as trustee.
The redemption date for the Notes will be 13 February 2012
(the "Redemption Date"). Pursuant to Section 3.02(b) of the
Indenture, the redemption price is 107.5% of the principal
amount of the Notes to be redeemed, plus accrued and unpaid
interest up to the Redemption Date. The amount of interest
that will be payable with respect to the Notes on the
Redemption Date is US$24 per US$1,000 in principal amount of
the Notes.
Holders of the Notes should refer to and read the Redemption
Notice despatched to them on
11 January 2012 in its entirety.
By Order of the Board
Cheng Chi Ming, Brian
Director
11 January 2012
3
| distribué par | Ce noodl a été diffusé par NWS Holdings Limited et initialement mise en ligne sur le site http://www.nwsh.com.hk. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-11 11:13:03 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
| Documents associés | |
| Announcement: (1) Completion of Discloseable and Connected Transaction in relation to the Acquisition of Additional Interest in a Company Engaged in the Operation of Hangzhou Ring Road; and (2) Redemption of 12% Senior Notes Due 2015 By a Subsidiary |
