Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Companies  >  All News

News : Companies

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/08/2012 | 01:02am CET

: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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Companies"
04:42a DATA#3 : Becoming a substantial holder
04:37a BUREAU VERITAS : and EDF form Strategic Alliance
04:32a RED RIVER RESOURCES : Option Exercise - 3B & Cleansing Notice
04:27a MELBANA ENERGY : Results of Annual General Meeting 2017
04:27a MACQUARIE TELECOM : intention to purchase Bulletproof Networks
04:22a AMAYSIM AUSTRALIA : We’re celebrating seven amazing years of amaysim!
04:22a SITE INTERNATIONAL : Managing Director's Address to Shareholders
04:20a EXPEDIA : Garden of Lights features new displays, reindeer
04:20a MACY : Why be thankful? For one thing, because you probably don't know Harvey
04:20a Global Assisted Reproduction Services, Inc. Shanghai, China Celebrates 2nd Anniversary
Latest news "Companies"
Advertisement