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
2m ago Italy says inefficiency delays public sector debt repayments
4m ago FOOTBALL : Barclays Premier League: United have never been rebuffed - Van Gaal
4m ago ASOS : Tech Monthly: FUTURE: FASHION: 'CLIENTS CAN MOVE FROM CONCEPT TO IN-STORE IN 21 DAYS': Ami Sedghi meets the Australian duo behind a data system (inspired by cows) that allows brands to monitor what's hot and what's to drop
4m ago THE NEW REVIEW : Television: Today's television: PICKS OF THE DAY: NATURAL HISTORY: Operation Maneater Channel 4, 8pm
4m ago FOOTBALL : Barclays Premier League: Pellegrini puts most of his chips on Aguero's fitness
4m ago NETFLIX : The New Review: Books: THE NEW READING: Ebooks, Kindles and the web: Biblical martial arts crime thriller romance, anyone?
4m ago THE NEW REVIEW : Television: Friday 26: PICKS OF THE DAY: NATURAL HISTORY: Operation Maneater Channel 4, 8pm
4m ago BARCLAYS : Tech Monthly: Bright: PAY WITH A SIMPLE WAVE OF YOUR WRIST
4m ago ALIBABA : The New Review: DISCOVER: THE NETWORKER: WhatsApp, Alibaba and all the billion-dollar startups: are we in another tech bubble?
4m ago THE FINAL WORD : Fat cats end any notion of equality
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : Swiss begin bankruptcy proceedings against Espirito Santo private bank
DIXONS CARPHONE : Phones 4U says Vodafone will take 140 of its stores
ALIBABA : CORRECTING and REPLACING Alibaba Group Announces Pricing of Initial Public Offering
EREDENE CAPITAL : Sells Aboyne To Brick Eagle For GBP3 Million
ITT EDUCATIONAL SERVICES : Entry into a Material Definitive Agreement, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
Most Read News
1d ago FORD MOTOR : Engines for Sale Now Include Lower Priced Ford and Chevy Blocks at Parts Retailer Website
1d ago SCHERZER : Shields outpitched by Scherzer, Royals fall to Tigers in AL Central matchup
1d ago ALERE : Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Alere Inc. Stockholders
7h ago ROYAL BANK OF SCOTLAND : Relief over Scotland gives way to 'Great Stagnation' worries
9h ago SOFTBANK : estimates $4.6 billion gain from Alibaba listing
Most recommended articles
2m ago Italy says inefficiency delays public sector debt repayments
17m ago EXCLUSIVE : Siemens near deal to buy Dresser-Rand - sources
18m ago SIEMENS : Exclusive - Siemens near deal to buy Dresser-Rand: sources
1h ago Canada's Oliver says no major shift in mortgage policy for now
1h agoDJU.S. SAYS ALLIES COMMITTED TO JOINING AIRSTRIKES IN SYRIA : Update
Dynamic quotes  
ON
| OFF