ASIA ALLIED INFRASTRUCTURE HOLDINGS 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.
PROPOSED INCREASE IN AUTHORIZED SHARE CAPITAL PROPOSED INCREASE IN AUTHORIZED SHARE CAPITALAs at the date of this announcement, the existing authorized share capital of the Company is HK$250,000,000 divided into 2,500,000,000 Shares, of which 1,619,293,787 Shares are in issue and a total of 317,089,099 new Shares may be issued pursuant to certain outstanding convertible bonds of the Company.
In order to provide the Company with a flexibility for future investment opportunities, expansion and growth, the Board proposes to increase the authorized share capital of the Company to HK$500,000,000 divided into 5,000,000,000 Shares by the creation of additional 2,500,000,000 new Shares which shall rank pari passu with the existing Shares in all respects upon issue.
The Increase in Authorized Share Capital is conditional upon the passing of an ordinary resolution by the Shareholders at the AGM.
AGMAn ordinary resolution will be proposed at the AGM for Shareholders to consider and, if thought fit, approve the Increase in Authorized Share Capital. A circular containing, among other things, information regarding the Increase in Authorized Share Capital and the notice of the AGM will be despatched to the Shareholders as soon as practicable.
DEFINITIONSUnless otherwise specified, the following expression shall have the following meanings in this announcement:
"AGM" the forthcoming 2017 annual general meeting of the Company to be convened for Shareholders to consider and, if thought fit, approve, among other things, the Increase in Authorized Share Capital
"Board" the board of directors of the Company
"Company" Asia Allied Infrastructure Holdings Limited, a company incorporated in Bermuda with limited liability, the Shares of which are listed on the Main Board of the Stock Exchange (stock code: 00711)
"HK$" Hong Kong dollars, the lawful currency of Hong Kong
"Hong Kong" the Hong Kong Special Administrative Special Region of the People's Republic of China
"Increase in Authorized Share Capital"
the proposed increase in authorized share capital of the Company from HK$250,000,000 divided into 2,500,000,000 Shares to HK$500,000,000 divided into 5,000,000,000 Shares by the creation of additional 2,500,000,000 new Shares
"Share(s)" the ordinary share(s) of HK$0.10 each in the issued share capital of the Company
"Shareholder(s)" the holder(s) of the Share(s)
"Stock Exchange" The Stock Exchange of Hong Kong Limited
By Order of the Board
ASIA ALLIED INFRASTRUCTURE HOLDINGS LIMITED Pang Yat Ting, DominicChairman
Hong Kong, 29 June 2017
As at the date of this announcement, the executive directors of the Company are Mr. Pang Yat Ting, Dominic, Mr. Xu Jianhua and Ir Dr. Pang Yat Bond, Derrick, and the independent non-executive directors of the Company are Mr. Ho Gilbert Chi Hang, Mr. Lam Yau Fung, Curt and Mr. Wu William Wai Leung.
Asia Allied Infrastructure Holdings Ltd. published this content on 29 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 July 2017 15:09:13 UTC.
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