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

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
React to this article
Latest news
Date Title
11:40p BP : Nearly 4,000 gallons of fluid cleaned up after spill from hole in North Slope pipeline
11:37p Oil prices rise as global markets firm, dollar comes off highs
11:35p MANULIFE FINANCIAL : John Hancock Closed-End Funds Declare Monthly Distributions
11:35p MANULIFE FINANCIAL : John Hancock Closed-End Funds Declare Quarterly Distributions
11:35p CARMIKE CINEMAS : posts $2.2 million quarterly loss; concession revenue continues to climb
11:33p SUBARU : That's no power outage! That's a thief!
11:32p COLOUR LIFE SERVICES : year net soars 2.3x to Rmb146m; div HK9 cts
11:32p NIRVANA ASIA : buys Malaysia memorial parks at US$4.16m
11:32p ALUMINUM OF CHINA : CHALCO sells 8.3% stake in Jiaozuo Wanfang for Rmb1bn
11:32p GUOCO : Citi lowers Guoco to HK$106
Latest news
Advertisement
Hot News 
LSK : Indian River returns to "Tradition' by staging "Fiddler on the Roof"
TERTIARY MINERALS : 23 February 2015 - DIRECTOR'S DEALINGS, ISSUE OF WARRANTS, TOTAL VOTING RIGHTS AND CORRECTION
FALANX : Cyber Insurance Joint Venture
RURELEC : To Pay Off Short-Term Loan As It Eyes Return To Dividends
NXP to buy Freescale, create $40 billion company
Most Read News
06:16p OPOWER : reports 4Q loss
06:21p Apple, Google poaching settlement appears headed for approval
06:58pDJCostco Names Citi, Visa as New Credit Partners -- 4th Update
07:25p GRAINCORP : opens expanded operations in Port Kembla
06:51pDJRussia Agrees Dispute Over East Ukraine Gas Won't Endanger EU Supply -- 2nd Update
Most recommended articles
11:37p Oil prices rise as global markets firm, dollar comes off highs
11:19p Target to revamp groceries to focus on younger shoppers - WSJ
11:16pDJAustralia Central Bank Holds Rates
11:15p Gold Stalls Near 1200, SPX 500 Remains Locked in Range
11:13p Asian shares lifted by Wall Street records; RBA stands pat
Dynamic quotes  
ON
| OFF