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.
GREATERCHINA PROFESSIONAL SERVICES LIMITED
漢 華 專 業 服 務 有 限 公 司*
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8193)
CHANGE IN BOARD LOT SIZE
The Board announces that the board lot size of the Shares for trading on the Stock Exchange will be changed from 15,000 Shares to 5,000 Shares with effect from 9: 00 a.m. on Wednesday, 17 February 2016, being the first day of dealing in the Shares in board lot of 5,000 Shares. The expected timetable for the related trading and other arrangements is set out below.
Shareholders may submit their Existing Share Certificate(s) to the Share Registrar in exchange for New Share Certificates free of charge during business hours from Friday, 29 January 2016 to Thursday, 10 March 2016, both days inclusive.
The Board announces that the board lot size of the Shares for trading on the Stock Exchange will be changed from 15,000 Shares to 5,000 Shares with effect from 9: 00 a.m. on Wednesday, 17 February 2016.
As at the date of this announcement, the Shares are traded on the Stock Exchange in board lot of 15,000 Shares. Based on the closing price of HK$0.77 per Share as quoted on the Stock Exchange as at the date of this announcement, the value of each board lot of 15,000 Shares was HK$11,550. Upon the change in board lot size becoming effective, the estimated market value per each board lot of the Shares will be HK$3,850 (based on the closing price of HK$0.77 per Share as quoted on the Stock Exchange as at the date of this announcement). The Board is of the view that the change in board lot size by way of reduction of the board lot size may enable the Company to attract more investors, improve the liquidity of the Shares and broaden the Company's shareholder base. The change in board lot size will not affect any of the relative rights of the Shareholders. The Board considers that the change in board lot size is in the interests of the Company and the Shareholders as a whole.
As no odd lot of the Shares will be created as a result of the change in board lot size (other than those already existed before such change becoming effective), no odd lot arrangement to match the sales and purchases of odd lots will be made.
* For identification purpose only
EXPECTED TIMETABLE
Set out below is the expected timetable for the change in board lot size of the Shares, all times and dates refer to Hong Kong local times and dates:
First day of free exchange of Existing Share Certificates in board lot of 15,000 Shares each for New Share
Certificates in board lot of 5,000 Shares each. . . . . . . . . . . . . . . . . . . . . Friday, 29 January 2016
Last day for trading of Shares in board lot of
15,000 Shares in the original counter . . . . . . . . . . . . . . . . . . . . . . . . . . Tuesday, 16 February 2016
Effective date of the change in board lot size
from 15,000 Shares to 5,000 Shares. . . . . . . . . . . . . . . . . . . . . . . . . Wednesday, 17 February 2016
Original counter for trading in Shares in board lot
of 15,000 Shares each becomes a counter for trading
in the Shares in board lot of 5,000 Shares . . . . . . . . . . . . . . . . . . . . . . . . . . 9: 00 a.m. Wednesday,
17 February 2016
Temporary counter for trading in the Shares in board
lot of 15,000 Shares each opens. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9: 00 a.m. Wednesday,
17 February 2016
First day of parallel trading in the Shares
(in board lot of 15,000 Shares each and board
lot of 5,000 Shares each) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9: 00 a.m. Wednesday,
17 February 2016
Temporary counter for trading in the Shares
in board lot of 15,000 Shares each closes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4: 00 p.m. Tuesday,
8 March 2016
Last day for free exchange of Existing
Share Certificates in board lot of 15,000 Shares each for New Share Certificates in board
lot of 5,000 Shares each . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Thursday, 10 March 2016
EXCHANGE OF NEW SHARE CERTIFICATES
Shareholders may submit their Existing Share Certificate(s) to the Share Registrar at Level 22, Hopewell Centre, 183 Queen's Road East, Hong Kong, in exchange for the New Share Certificates free of charge during business hours from Friday, 29 January 2016 to Thursday,
10 March 2016, both days inclusive. After the expiry of such period, Existing Share Certificates will be accepted for exchange only on payment of a fee of HK$2.50 (or such higher amount as may from time to time be specified by the Stock Exchange) for each New Share Certificate issued or each Existing Share Certificate submitted, whichever number of share certificate involved is higher. It is expected that the New Share Certificates will be available for collection from the Share Registrar by Shareholders within 10 business days after delivery of the Existing Share Certificate(s) to the Share Registrar for exchange purposes.
As from Wednesday, 17 February 2016, any New Share Certificates will be issued in board lot of 5,000 Shares each (except for odd lots or where the Share Registrar is otherwise instructed). All Existing Share Certificates each will continue to be good evidence of legal title to such Shares and continue to be valid for trading, delivery and settlement purposes. Save and except for the change in the number of Shares for each board lot, the New Share Certificate will have the same format as the Existing Share Certificate.
DEFINITIONS
In this announcement, unless the context requires otherwise, the following expressions have the following meanings:
''Board'' the board of Directors
''Company'' GreaterChina Professional Services Limited, a company incorporated in the Cayman Islands with limited liability, the Shares of which are listed on GEM
''Director(s)'' the director(s) of the Company
''Existing Share Certificate(s)''
certificate(s) of the Shares in board lot(s) of 15,000 Shares each
''GEM'' the Growth Enterprise Market of the Stock Exchange
''Hong Kong'' the Hong Kong Special Administrative Region of the People's Republic of China
''New Share Certificate(s)'' certificate(s) of the Shares in board lot(s) of 5,000 Shares
each
''Share(s)'' the ordinary share(s) of the Company
''Shareholder(s)'' the holder(s) of the issued Share(s)
''Share Registrar'' Tricor Investor Services Limited, the Company's share registrar and transfer office
''Stock Exchange'' The Stock Exchange of Hong Kong Limited
''HK$'' Hong Kong dollars, the lawful currency of Hong Kong
Shareholders and potential investors are advised to exercise caution when dealing in the Shares.
By order of the Board
GreaterChina Professional Services Limited Ip Kwok Kwong
Executive Director
Hong Kong, 22 January 2016
As at the date of this announcement, the Board comprises Mr. Ip Kwok Kwong (Managing Director), Mr. Yip Chung Wai, David and Mr. Wu Di as executive Directors; Ms. Ma Lin as non-executive Director; Mr. Tso Ping Cheong, Brian (Chairman), Mr. Chu Siu Lun, Ivan and Mr. So Chung Shing as independent non-executive Directors.
This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will remain on the ''Latest Company Announcements'' page of the website of GEM (www.hkgem.com) for at least 7 days from its day of publication and on the website of the Company at www.gca.com.hk.
Greaterchina Professional Services Limited issued this content on 2016-01-22 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-22 15:10:07 UTC
Original Document: http://www.gca.com.hk/var/files/ann/EW08193-ann_20150122.pdf
