Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Sapphire Corporation Limited : Announcement By China Vanadium Titano-Magnetite Mining Company Limited

11/07/2012 | 08:02pm US/Eastern

:lt:ill: SAPPHIRE CORPORATION LIMITED (lncorporated in the Republic of Slngapore) (Company Registration No. 198502465W)

ANNOUNCEMENT BY CHINA VANADIUM TITANO-MAGNETIC MINING COMPANY liMITED


Sapphire Corporation Limited (the "Company") refers to the previous announcement dated 2 November
2012 in relation to a possible prlvatisation of China Vanadium Titano-Magnetic Mining Company ("China
VTM"). The Company has been informed that China VTM has announced,inter alia, that:
(a) Trisonic lnternational Llmlted ("Trisonlc")1 (the controlllng shareholder of China VTM) has informed the board of China VTM that it is interested in pursuing a proposal for the privatisation of China VTM (the "Proposal") by Keen Talent Holdings limited ("Keen Talent") (a wholly-owned subsidiary of Trisonic);and
(b) the making of a formai offer in respect of the Proposal by Keen Talent is subject to a number of matters being satisfied, including but not limited to the procuring of appropriate flnanclng for the Proposal on satisfactory terms.
A copy ofthe announcement released by China VTM is annexed herewith.

For the avoldance of doubt, the Company wishes to clarify that it is nota party to and will not be involved in the financing of the proposed privatisation of China VTM by Keen Talent.

8 November 2012


Mr. Wang Jin is the controlling shareholder of both the Company and Trisonic. He has (i) a dlrect and deemed interest in approximately 15.94% and 11.24% of the issued share capitai of the Company respectively, and (ii) owns or controls approximately 82.6% of the issued share capitai of Trisonic.

distributed by
Latest news
Date Title
<1m ago TECO ENERGY : MANAGEMENT'S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION & RESULTS OF OPERATIONS (form 10-Q)
<1m ago LOCKHEED MARTIN : Presolicitation Notice - FFP-C-130 Hericules Aircraft(WSC 58N)
<1m ago CATERPILLAR : Combine Solicitation - CATERPILLAR PARTS
<1m ago President Urges Party to Follow Regulations
<1m ago Hwati Takes Art to Another Level
<1m ago VERTEX, Inc. Honored with Multiple Awards at 2014 ACORD Implementation Forum
<1m ago PEGASYSTEMS : Completes Acquisition of Turkish Partner, Ultima Information Technology
1m ago FINANCIER CROI INV : K-Electric hold Army 1-1
1m ago BoK profit grows 7pc to Rs1.23b
1m ago LUCKY CEMENT : posts Rs2.66b profit
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : Angola brings oil firm Sonangol into local BES bank
AVIV REIT : Omega Healthcare Investors and Aviv REIT to Merge Creating Premier $10Bn Skilled Nursing Facility REIT
1SPATIAL : Interim Results for the six month period ended 31 July 2014
AEGERION PHARMACEUTICALS : tops 3Q profit forecasts
BOTTOMLINE TECHNOLOGIES : Rule of law and single-party state can coexist, says scholars
Most Read News
1d ago CHINA MENGNIU DAIRY : Mengniu and Danone Strengthen Strategic Alliance as Danone Subscribes to a Private Placement by Yashili
1d ago ENERGEN : tops Street 3Q forecasts
4h ago BNP shakes off impact of U.S. fine, returns to profit
1d ago FLUOR NEW : ICA Fluor Awarded Fabrication Contract for Shell’s Heavy Oil Extraction Project in Canada
1d ago Hiring business drives LinkedIn's revenue beat
Most recommended articles
5m agoDJU.S. Wages Show Fresh Sign of Breakout--Update
5m agoDJFED'S KOCHERLAKOTA : FOMC Dissent Driven by Persistent Inflation Weakness
6m agoDJMARKET SNAPSHOT : U.S. Stocks: S&P 500, Dow Hit Record Levels
13m ago C$ sheds nearly a cent on soft Canadian GDP
14m ago Bank of England sets out new leverage rules for banks
Dynamic quotes  
ON
| OFF