Member access

4-Traders Homepage  >  News

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
Recommend:
0

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.

HSIN CHONG CONSTRUCTION GROUP LTD.

*

(Incorporated in Bermuda with limited liability)

(Stock Code: 00404) MAJOR AND CONNECTED TRANSACTION SYNERGIS HOLDINGS LIMITED

*

(Incorporated in Bermuda with limited liability)

(Stock Code: 02340) VERY SUBSTANTIAL ACQUISITION AND CONNECTED TRANSACTION

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
Recommend :
0
React to this article
Latest news
Date Title
<1m ago W W GRAINGER : GRAINGER W W INC : Change in Directors or Principal Officers (form 8-K)
2m ago TE CONNECTIVITY : Expands Sensors Offering with the Addition of American Sensor Technologies, Inc.
2m ago IOWA CORN GROWERS ASSOCIATION : PAC Announces State and Federal PAC Awards
2m ago DEPARTMENT OF AGRICULTURE FISHERIES AND FOOD OF I : Minister Coveney Welcomes the Opening of the Market in Vietnam to Exports of Pigmeat from Ireland
3m ago COLUMBIA YUK : n Entered Into a Loan Agreement with Prairie Enterprises (Alberta) Ltd.
3m ago Hospital Council Names David Serrano Sewell Vice President of San Francisco District
4m ago COLUMBIA YUKON EXPLO : Entered Into a Loan Agreement with Prairie Enterprises (Alberta) Ltd.
4m ago PPR - $.0280 August Dividend
5m ago HUGO BOSS : says Permira to place 11.2 percent Hugo Boss stake
6m ago DARDEN RESTAURANTS : Results of Operations and Financial Condition, Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : Espirito Santo debt attracts potential buyers at 2 percent of face value
CORRECT : Dixons Carphone Confirms Long Term Deal With Vodafone
EXELIXIS : Announces Results from the COMET-1 Phase 3 Pivotal Trial of Cabozantinib in Men with Metastatic Castration-Resistant Prostate Cancer
TMM REAL ESTATE DEVELOPMENT : Sonyachna Brama residential complex construction status update
COMPUWARE : to be Acquired by Thoma Bravo
Most Read News
1d ago FORMFACTOR : Raises Third Quarter Guidance Range
1d ago STUART OLSON : announces sale of Broda Construction
13h ago MANCHESTER UNITED : Van Gaal Speaks on Di Maria Injury
1d ago MEDICINOVA : to Present Data on MN-001 (tipelukast) for the Treatment of Idiopathic Pulmonary Fibrosis (IPF) During the 18th International Colloquium on Lung and Airway Fibrosis (ICLAF)
1d ago EXELIXIS : Announces Results from the COMET-1 Phase 3 Pivotal Trial of Cabozantinib in Men with Metastatic Castration-Resistant Prostate Cancer
Most recommended articles
1d agoDJZambia Copper Miners Say Crippled by Unpaid $600 Million Tax Refund-Mines Body
4d ago S&P 500 edges up to set new record; best month since Feb
5m ago HUGO BOSS : says Permira to place 11.2 percent Hugo Boss stake
8m ago WASTE MANAGEMENT : Exclusive: Deutsche Asset & Wealth Management opens Dallas office in regional shift
11m ago Halliburton to settle U.S. Gulf spill claims for $1.1 billion
Dynamic quotes  
ON
| OFF