KING STONE ENERGY GROUP LIMITED 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.
This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company.
(Incorporated in Hong Kong with limited liability)
(Stock Code: 00663)
Reference is made to the announcement and the circular (the "Circular") of the Company dated 6 November 2015 and 7 December 2015 respectively in relation to the proposed placing of up to 2,500,000,000 new Shares at a price of HK$0.168 each under specific mandate. Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.
Given the recent stock market volatility, the Placing will not proceed in accordance with the terms set out in the Circular. The Company is re-negotiating with the Placing Agent for agreeing on the new terms and/or new size of the Placing. The Company is also considering other financing plans or alternative. In this regard, further announcement will be made by the Company as soon as possible in compliance with the Listing Rules.
This announcement is made by the Board pursuant to Rule 13.09 of the Listing Rules and the inside information provisions under Part XIVA of the SFO.
There is no guarantee that any new terms and/or new size of the Placing will be agreed between the Company and the Placing Agent. Shareholders and potential investors of the Company should exercise caution when dealing with the securities of the Company.By order of the Board
King Stone Energy Group Limited Mr. Zong HaoExecutive Director
Hong Kong, 20 January 2016
As at the date of this announcement, the executive Directors are Mr. Zhang Wanzhong, Mr. Zong Hao, Mr. Xu Zhuliang and Mr. Benjamin Clark Danielson, and the independent non-executive Directors are Mr. Chiu Sui Keung, Mr. Lu Binghui, Mr. Lee Ping and Mr. Liu Shengming
King Stone Energy Group Ltd. issued this content on 2016-01-20 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-20 13:33:12 UTC
Original Document: http://www.663hk.com/attachment/2016012021170100002415768_en.pdf
