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

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

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
Date Title
11:24p MOODY : affirms Kuwait’s rating; upgrades outlook to stable
11:23p DP WORLD : negotiates acquiring stake in Russian ports operator
11:21p FLORIDA DEPARTMENT OF CITRUS : View More American Academy of Pediatrics Releases New Guidelines on Juice Consumption for Children May 22, 2017
11:14p KOREA ELECTRIC POWER : to turn 30,000 jobs into regular ones
11:13p INTERNATIONAL CONSOLIDATED AIRLNS : British Airways Says Computer Outage Causing Global Delays
11:11p INTERNATIONAL CONSOLIDATED AIRLNS : British Airways cancels flights from Heathrow, Gatwick due to IT crash
11:06p AMMB BERHAD : Hardcopy Statement Fee for Current and Savings Accounts
11:06p AMMB BERHAD : AmInvest Introduces AmIncome Regular 3
11:00p INTERNATIONAL CONSOLIDATED AIRLNS : Computer breakdown forces British Airways to cancel all flights 
10:58p INTERNATIONAL CONSOLIDATED AIRLNS : British Airways cancels scheduled flights from London airports Saturday
Latest news
Advertisement
Hot News 
8.47%SPIRAX SARCO ENGINEERING : Sarco to buy thermal tech firm Chromalox for $415 million
10.46%RESTAURANT : gets off to stronger start in 2017 amid turnaround
-4.92%SUN PHARMACEUTICAL INDUSTRIES : Pharma 4Q Profit Falls 13.6%
-4.04%BA and Iberia plan third-party booking surcharge, Amadeus shares hit
3.25%Fosun, others eye Australia's Origin Energy gas assets worth $1.5 billion - sources
Most Read News
05/26 Merkel pushes back against renewed Trump criticism of surplus
05/26 Chipotle says hackers hit most restaurants in data breach
08:29a THE LATEST : British Airways cancels most flights from London
05:06a In Aramco IPO pitch, Canada plays up its natural resources expertise
05/26 JBS : Brazil's JBS says Joesley Batista resigns as chairman
Most recommended articles
05/22 NOBLE : shares tumble after S&P ratings downgrade
01:59p Reliance Communications hit by Indian mobile price war
01:51p GENERAL MOTORS : GM says ISS advises against Greenlight share plan, board nominees
01:27p FAIRFAX FINANCIAL : to sell 12.2 pct of Indian insurer ICICI Lombard
05:06a In Aramco IPO pitch, Canada plays up its natural resources expertise