Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  News


Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Hsin Chong Construction Group Limited : Major and Connected Transaction

03/22/2013 | 10:02am US/Eastern

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.



(Incorporated in Bermuda with limited liability)



(Incorporated in Bermuda with limited liability)


Reference is made to the joint announcements made by Hsin Chong Construction Group

Ltd. ("Hsin Chong") and Synergis Holdings Limited ("Synergis") dated 10 September

2012, 27 September 2012 and 30 November 2012, and the respective circulars of Hsin Chong and Synergis dated 26 October 2012 (the "Circulars"), in relation to, among others, the re-alignment of business interests between Hsin Chong and Synergis, and the general business services agreement renewed by Hsin Chong and Synergis. Unless otherwise stated, terms defined in the Circulars shall have the same meanings as those used in this joint announcement.

The respective boards of directors of Hsin Chong and Synergis are pleased to announce that base upon the management accounts, the Actual Profit exceeds HK$30 million. Synergis will therefore issue 21,333,333 Bonus Convertible Preference Shares within 30 Business Days of the date of the Guarantee Certificate to be issued in accordance with the Sale and Purchase Agreement.

By order of the board of directors of

Hsin Chong Construction Group Ltd. Wilfred WONG Ying-wai

Chairman and Chief Executive Officer

Hong Kong, 22 March 2013

By order of the board of directors of

Synergis Holdings Limited Fan Cheuk Hung

Managing Director
This joint announcement is available for viewing on the Stock Exchange's website: http://www.hkex.com.hk and the websites of Hsin Chong: http://www.hsinchong.com and Synergis: http://www.synergis.com.hk respectively.
As at the date of this joint announcement, the board of Hsin Chong comprises Mr. Wilfred WONG Ying-wai (chairman and chief executive officer), Dr. Catherine CHU, Dr. Barry John BUTTIFANT and Mr. Joseph CHOI Kin-hung as executive directors; Dr. Kenneth CHU Ting-kin as non-executive director; and Hon. Jeffrey LAM Kin-fung, Hon. Abraham SHEK Lai-him and Mr. Alexander MAK Kwai-wing as independent non-executive directors.
As at the date of this joint announcement, the board of Synergis comprises Mr. Wilfred Wong Ying Wai (chairman), Dr. Fan Cheuk Hung (managing director) and Dr. Catherine Chu as executive directors; Mr. Tenniel Chu and Dr. Barry John Buttifant as non-executive directors; and Mr. Stephen Ip Shu Kwan, Dr. Kan Fook Yee, Mr. Wong Tsan Kwong and Mr. David Yu Hon To as independent non-executive directors.

* for identification purposes only

distributed by
React to this article
Latest news
Date Title
09:38p CONOCOPHILLIPS : Low oil and gas prices mean a daily struggle
09:35pDJChina's Broker Probes Could Offset November Stock Gains
09:35p HYUNDAI : and KEPCO KDN, Entering into the MOU for Overseas Business Collaboration in Smart Grid and Power ICT
09:35p IBC ADVANCED ALLOYS : Reports First Fiscal Quarter 2016 Results and Provides Update
09:35pDJMajor Shareholder Wants Inquiry Into Northwest Biotherapeutics Allegations
09:32p COMSCORE : Online Thanksgiving Day Spending Rises 9%, Black Friday Jumps 10%
09:30p FINET : Further extension of long stop date of proposed subscription of convertible bonds under specific mandate
09:30p CSC : Results of EGM
09:25p ARGOSY PROPERTY : to acquire Prime Industrial Building and Land in Wiri
09:25p MANTLE MINING : Funded for Next Stage of Development
Latest news
Hot News 
OPPORTUNITY INVEST MGMT : 27 november 2015 - Announcement AGM on 22 december 2015
ATLANTIS RESOURCES : Tidal generating firm announces long partnership for investment by Gordon Calder
CYTOTOOLS : berichtet über Ergebnisse der europäischen klinischen Studie Phase III: Resultate der Behandlung des diabetischen Fußes mit DermaPro(R) bestätigen nicht die Ergebnisse der vorangegangenen Studien (DGAP News)
EUROPA OIL & GAS : Environment Agency asked to look at Leith Hill drilling firm's finances before giving permit
IMAGINATION TECHNOLOGIES : Sir Hossein Yassaie receives 2015 Lifetime Achievement Award in annual Elektra European Electronics Industry Award...
Most Read News
06:19p Major New Business Events Headed for Bermuda in 2016
06:15p How Long Will It Take to Close the Global Gender Gap? Almas Jiwani at Naseba's Women in Leadership Conference in Abu Dhabi, UAE
06:31p Annual report fy2015
06:31p Notice of annual general meeting
07:20p DAIRY AUSTRALIA : Researcher reveals insights on the most cost-effective pasture monitoring method
Most recommended articles
09:35pDJChina's Broker Probes Could Offset November Stock Gains
09:35pDJMajor Shareholder Wants Inquiry Into Northwest Biotherapeutics Allegations
09:24pDJSingapore October Bank Loans S$601.71 Billion Vs S$608.28 Billion Month Earlier
09:24pDJASIAN SHARES : China's Broker Probes Could Offset November Stock Gains
09:22pDJSingapore October M1 Money Supply S$158.35 Billion Vs S$158.59 Billion in September