HKC (HOLDINGS) LTD
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 is for information purposes only and does not constitute an invitation or offer to shareholders or any other persons to acquire, purchase or subscribe for securities of HKC (Holdings) Limited.
LISTING OF THE BONUS WARRANTS ON THE MAIN BOARD OF THE STOCK EXCHANGE OF HONG KONG LIMITED AND
MATCHING SERVICES FOR ODD LOTS OF THE BONUS WARRANTS
Number of the Bonus Warrants: 2,248,377,085
Exercise Price: HK$0.17 (subject to adjustment) Stock Code of the Bonus Warrants: 1403
(A) LISTING OF THE BONUS WARRANTS ON THE MAIN BOARD OF THE STOCK EXCHANGE OF HONG KONG LIMITED
This announcement is made by HKC (Holdings) Limited (the "Company") pursuant to the Listing Rules. Unless defined herein or the context otherwise requires, terms used in this announcement shall have the same meanings as those defined in the circular of the Company dated 23 September 2014 (the "Circular").
An application has been made by the Company to the Listing Committee of the Stock Exchange for the granting of the approval for the listing of, and permission to deal in, the Bonus Warrants to be issued as mentioned in the Circular and any new Shares which may fall to be issued upon exercise of the subscription rights attaching to the Bonus Warrants.
Dealings in the Bonus Warrants on the Main Board of the Stock Exchange are expected to commence from 9:00 a.m. on Friday, 17 October 2014. The Bonus Warrants will be traded in board lots of 1,000 Bonus Warrants each. The stock code of the Bonus Warrants is 1403.
The Bonus Warrant Certificates are expected to be posted on or before Thursday, 16 October
2014 at the risk of the holders entitled thereto to their respective addresses shown on the register of members of the Company. In the case of a joint holding, the Bonus Warrant Certificates will be posted to the address of the person whose name stands first on the register of members of the Company on the Bonus Warrant Record Date.
* For identification purposes only
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Subject to the compliance with the stock admission requirements of HKSCC, the Bonus Warrants and any new Shares which may fall to be issued upon exercise of the subscription rights attaching to the Bonus Warrants will be accepted as eligible securities by HKSCC for deposit, clearance and settlement in CCASS with effect from the respective commencement dates of their dealings on the Stock Exchange or such other date as shall be determined by HKSCC. All activities under CCASS are subject to the General Rules of CCASS and the CCASS Operational Procedures in effect from time to time.
A total of 2,248,377,085 Bonus Warrants are to be issued by the Company pursuant to the Bonus Warrants Issue, represented by the Bonus Warrant Certificates, conferring the rights in their registered form to the holders thereof to subscribe in cash for 2,248,377,085 new Shares at an initial subscription price of HK$0.17 per Share (subject to adjustment) (the "Subscription Rights"), at any time during the period commencing on Thursday, 16 October 2014 and expiring on Thursday, 15 October 2015, being the last day of the 12 calendar months from the date of issue of the Bonus Warrants, both days inclusive (the "Subscription Period"). The Subscription Rights attaching to the Bonus Warrants may be exercised during the Subscription Period. Any Subscription Rights which have not been exercised during the Subscription Period will lapse and the Bonus Warrant Certificates will cease to be valid for any purpose whatsoever.
Each Bonus Warrant Certificate will contain a subscription form printed on the overleaf of the Bonus Warrant Certificate. In order to exercise the Subscription Rights, a holder of the Bonus Warrants must complete and sign the subscription form (which shall, once signed and completed, be irrevocable) and deliver such subscription form together with the Bonus Warrant Certificate and a remittance of the relevant subscription moneys (or, in the case of a partial exercise, the relevant portion of the subscription moneys) to Computershare Hong Kong Investor Services Limited or such other person, firm or company as for the time being who maintains the register of holders of the Bonus Warrants as may be determined by the Directors.
Copies of the Circular are available to the public for information purpose at the principal place of business of the Company in Hong Kong situated at 9th Floor, Tower 1, South Seas Centre, 75
Mody Road, Tsimshatsui East, Kowloon, Hong Kong during normal business hours for a period of 14 days from the date of this announcement. A copy of the Circular is also available on the Company's website at www.hkcholdings.com and on the Stock Exchange's website at www.hkexnews.hk.
(B) MATCHING SERVICES FOR ODD LOTS OF THE BONUS WARRANTS
To alleviate the difficulties arising from the existence of odd lots of the Bonus Warrants after the Bonus Warrant Issue, the Company has appointed South China Financial Holdings Limited (南華 金融控股有限公司) to stand in the market to provide matching services regarding the sale and
purchase of odd lots of the Bonus Warrants on a "best efforts" basis on business days from Friday,
17 October 2014 to Friday, 7 November 2014 (both days inclusive) during trading hours of the Stock Exchange. Holders of the Bonus Warrants in odd lots who wish to take advantage of this matching services either to dispose of their odd lots of the Bonus Warrants or to top up their odd lots to a full board lot of 1,000 Bonus Warrants may directly or through their broker contact Ms.
Michelle Lee at (852) 3196 6237 of South China Financial Holdings Limited (南華金融控股有
限公司) at 19/F., Tesbury Centre, 28 Queen's Road East, Wanchai, Hong Kong from Friday, 17
October 2014 to Friday, 7 November 2014 (both days inclusive) during office hours of the aforesaid period.
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Holders of the Bonus Warrants in odd lots with trading accounts with the above matching services provider can phone to the above contact person directly to place the odd lot orders. However, it should be noted that successful matching of the sale and purchase of odd lots of the Bonus Warrants is not guaranteed. The Company or any of its Directors do not accept any responsibility for any matters relating to the provisions of the matching services. Holders of the Bonus Warrants are recommended to consult their professional advisers if they are in doubt about the above services.
By order of the Board
HKC (HOLDINGS) LIMITED OEI Kang, Eric
Executive Director and Chief Executive Officer
Hong Kong, 14 October 2014
As at the date of this announcement, the Board comprises ten directors, of which Mr. OEI Kang, Eric, Mr. CHAN Kwok Fong, Joseph, Mr. LEE Shiu Yee, Daniel and Mr. WONG Jake Leong, Sammy are executive directors; Mr. OEI Tjie Goan and Ms. YEN Teresa are non-executive directors; Mr. FAN Yan Hok, Philip, Mr. CHUNG Cho Yee, Mico, Mr. CHENG Yuk Wo and Mr. Albert Thomas DA ROSA, Junior are independent non-executive directors.
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