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.
優庫資源有限公司*
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 02112)
This announcement is made by CAA Resources Limited (the "Company", together with its subsidiary, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).
The Company hereby informs the shareholders of the Company (the "Shareholders") and potential investors that, in order to take advantage of the Company's operation in the ASEAN region and capture the opportunities arising from the "One Belt and One Road" strategy of the PRC government, the Company is in negotiation with Lao International Development Co., Ltd.(老撾國際發展有限公司) on the project with respect to its large commercial complex of the world trade center, the new central district and the industrial park (the "Potential Project"), all of which are located in Vientiane City (the capital of Laos).
As an ASEAN member and a developing country, Laos is expected to enjoy an unprecedented development prospect with the benefits of its accelerated reform. Meanwhile, in light of its long-term relationship with the PRC and its unique location, Laos will definitely benefit from the "One Belt and One Road" strategy of the PRC government to a significant degree. Laos' infrastructures development, particularly the construction of commercial property, are still in the initial stage and are expected to benefit from the economic development of Laos. As such, the Company believes that the Potential Project, if implemented, will provide development opportunity for the Company.
As of the date of this announcement, the Group has not entered into any legally binding agreement in respect of the Potential Project, and the relevant transaction may or may not proceed. The Company will issue further announcement in accordance with the requirement of the Listing Rules once the Potential Project is implemented.
By Order of the Board
CAA Resources Limited Li YangChairman
Hong Kong, 13 January 2016
As at the date of this announcement, the executive Directors are Mr. Li Yang, Ms. Li Xiaolan, Mr. Wang Er, Mr. Dong Jie, and the independent non-executive Directors are Mr. Kong Chi Mo, Dr. Li Zhongquan and Dr. Wang Ling.
* For identification only
CAA Resources Limited issued this content on 2016-01-13 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-13 13:23:14 UTC
Original Document: http://www.caa-resources.com/attachment/2016011321170100002411015_en.pdf
