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 Hong Kong with limited liability)
(Stock Code: 0270) DISCLOSEABLE TRANSACTION
The Board is pleased to announce that on 10 January 2012,
Tianhecheng Investco (a non-wholly owned subsidiary of the
Company) received a notification issued by GEMAS that
Tianhecheng Investco's bid for a 68% equity interest in
Project Co in the Auction was successful. Tianhecheng
Investco has entered into the Cooperation Agreement and
Project Co Articles with SOE Vendor in relation to Project
Co.
As certain of the applicable percentage ratios (as defined in
Chapter 14 of the Listing Rules) for the transactions under
the Cooperation Agreement are more than 5% but less than 25%
and the consideration involved will be more than
HK$1,000,000, the same constitute a discloseable transaction
of the Company under the Listing Rules and is subject to the
reporting and announcement requirements thereunder.
The Board is pleased to announce that on 10 January 2012,
Tianhecheng Investco (a non- wholly owned subsidiary of the
Company) received a notification issued by GEMAS that
Tianhecheng Investco's bid for a 68% equity interest in
Project Co in the Auction was successful. Tianhecheng
Investco has entered into the Cooperation Agreement and
Project Co Articles with SOE Vendor in relation to Project
Co.
(1) SOE Vendor; and
(2) Tianhecheng Investco
1
According to the documents published in relation to the
Auction, SOE Vendor is a State- owned enterprise principally
engaged in investment in information technology projects,
computer information technology services (excluding computer
information technology integration), property leasing and
property management. To the best of the Directors' knowledge,
information and belief having made all reasonable enquiries,
SOE Vendor is a third party independent of the Company and
its connected persons.
Project Co is currently wholly owned by SOE Vendor with a
registered capital of RMB3,000,000 contributed by SOE Vendor
as to RMB1,000,000 in cash and RMB2,000,000 by way of
injection of the Land (with a stated value of
RMB1,123,220,000) to Project Co, the excess of the said value
of the Land over the said
registered capital constitutes the capital reserve
(