Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Hkc (Holdings) Ltd    0190   BMG4516H1209

SummaryChartsNewsCalendarCompanyFinancials 
News SummaryMost relevantAll newsSector news 

HKC (Holdings) Ltd : Rights of the Overseas Shareholders in Relation to the Distribution

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/26/2011 | 01:05pm CEST

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 Bermuda with limited liability)

(Stock Code: 190) (website: www.hkcholdings.com)

RIGHTS OF THE OVERSEAS SHAREHOLDERS IN RELATION TO THE DISTRIBUTION

Reference is made to the circular of the HKC (Holdings) Limited (the "Company') dated 20 September
2011 in relation to, amongst other things, the Distribution (the "Circular"). Unless otherwise defined, capitalized terms used herein shall have the same meanings as ascribed to them in the Circular.
Rights of the Overseas Shareholders
As at the Record Date, there were 13 Overseas Shareholders whose addresses as registered in the register of members of the Company were outside Hong Kong, namely Australia, Canada, PRC, Macau, Malaysia, New Zealand, Singapore and the United States of America. The Company has made enquiries with foreign legal counsels regarding the legal restrictions under the laws of the relevant jurisdictions and the requirements of the relevant regulatory bodies or stock exchanges regarding the making of the Distribution to those Overseas Shareholders. Based on the advice and replies provided by the relevant foreign legal counsels, the Directors are of the view that it is necessary or expedient not to make the Distribution to those Overseas Shareholders whose addresses are in Canada due to the time and costs involved in the registration of the Circular and/or compliance with the applicable legal or regulatory requirements or special formalities in this jurisdiction if the Distribution were to be lawfully made to such Overseas Shareholders.
Accordingly, the Company will not distribute CRE Shares to such Overseas Shareholders under the Distribution. Such CRE Shares would be sold in the market as soon as practicable after dealings in the CRE Shares commence if a premium, net of expenses, can be obtained. Any proceeds of sale, after deduction of expenses, will be distributed in Hong Kong currency to such Overseas Shareholders at their own risk unless the amount falling to be distributed to any such Overseas Shareholders shall be less than HK$100, in which case such amount will not be distributed but will be retained for the benefit of the Company.
By order of the Board
HKC (HOLDINGS) LIMITED CHANG Li Hsien, Leslie
Executive Director and Chief Executive Officer
Hong Kong, 26 October 2011
As at the date of this announcement, the Board comprises 10 directors, of which 3 are executive directors, namely, Mr. OEI Kang, Eric, Mr. CHANG Li Hsien, Leslie and Mr. CHUNG Wai Sum, Patrick; 3 are non-executive directors, namely, Mr. OEI Tjie Goan, Ms. YEN Teresa and Mr. WAN Ming Sun; 4 are independent non-executive directors, namely, Mr. FAN Yan Hok, Philip, Mr. CHUNG Cho Yee, Mico, Mr. CHENG Yuk Wo and Mr. Albert Thomas DA ROSA, Junior.
* For identification purposes only

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HKC (HOLDINGS) LTD
05/27 HKC () : to sell Guilin toll road for Rmb332m
05/26 HKC : Announcements and Notices - Discloseable Transaction - Disposal of the Ent..
05/26 HKC : Announcements and Notices - Poll Results of the Annual General Meeting Hel..
04/06 HKC : Testing Next Day
2015 HKC : List of Directors and Their Role and Function
2015 HKC : Expiry and Proposed withdrawal of the Listing of Warrants (Warrant Code: 1..
2015 HKC : Announcements and Notices - Change in Composition of the Board of Director..
2015 HKC () : sees larger loss for interim results
2015 HKC : (1) Resignation of Non-executive Director and (2) Dissolution and Discharg..
2015 HKC : Announcement Pursuant to Rule 3.8 of the Takeovers Code
More news
Sector news : Highway & Bridge Construction
10:11aDJVINCI : Profit Boosted by Rising Airport Traffic, More Construction Orders
07/28DJSFR Plans to Cut Workforce By a Third In 2017-2019
07/27 SFR plans to shed 5,000 jobs from 2017 to 2019 - unions
07/25 SUNOPTA DRAWS PRIVATE EQUITY INTERES : sources
07/19DJCIMIC : 1st Half Profit, Dividend Slightly Higher
More sector news : Highway & Bridge Construction
Advertisement
Chart HKC (HOLDINGS) LTD
Duration : Period :
Hkc (Holdings) Ltd Technical Analysis Chart | 0190 | BMG4516H1209 | 4-Traders
Full-screen chart
Income Statement Evolution
More Financials
Managers
NameTitle
Kang Oei Chief Executive Officer & Executive Director
Tjie Goan Oei Chairman
Wing Sum Leung Chief Financial Officer & Executive Director
Cho Yee Chung Independent Non-Executive Director
Yuk Wo Cheng Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
HKC (HOLDINGS) LTD-9.64%251
JACOBS ENGINEERING GRO..28.92%6 594
SHANGHAI TUNNEL ENGINE..-13.06%4 473
CHINA CAMC ENGINEERING..--.--%2 818
OHL MEXICO SAB DE CV42.90%2 266
MACQUARIE ATLAS ROADS ..41.03%2 234
More Results