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 CEST

: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"
04:40a MANCHESTER UNITED : Jose Mourinho says Manchester United star Paul Pogba 'belongs' to Barcelona's level
04:40a DEUTZ : Announcement from July 14th 2017 (4)
04:40a CHANGES TO SOITEC’S GOVERNANCE ORGANIZATION : Dissociation of the duties of the Chairman of the Board of Directors and those of the Chief Executive Officer
04:40a HIGHWAY : Reports Fiscal 2018 First Quarter Results
04:40a DEUTZ : Announcement from July 14th 2017 (3)
04:40a SANTA FE A/S : The Impact Of Brexit For Global Mobility
04:40a FORTESCUE METALS : A passionate attitude and strong cultural identity drives Fortescue's CEO for a Day
04:40a DATALEX : Capabilities of an Airline Digital Transformation - A Digital Innovation Platform
04:40a Q1 2017/18 REVENUE : down 3% at EUR 85.4m – Full-year objectives confirmed
04:40a HUA HONG SEMICONDUCTOR : Announcements and Notices - Notification of Board Meeting
Latest news "Companies"
Advertisement