LIPPO CHINA RESOURCES LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this 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 announcement.
LIPPO LIMITED | LIPPO CHINA RESOURCES LIMITED |
力寶有限公司 | 力寶華潤有限公司 |
(Incorporated in Hong Kong | (Incorporated in Hong Kong |
with limited liability) | with limited liability) |
(Stock Code: 226) | (Stock Code: 156) |
JOINT ANNOUNCEMENT
GRANT OF WAIVER FROM STRICT COMPLIANCE WITH
RULE 14.41(A) OF THE LISTING RULES
Reference is made to the joint announcement of Lippo and LCR dated 30 August 2019 (the "Announcement") in relation to the Disposal. Unless the context otherwise requires, capitalised terms used herein shall have the same meanings as defined in the Announcement.
As disclosed in the Announcement, in order to allow for sufficient time to prepare the information to be included in the circulars, Lippo and LCR will respectively apply to the Stock Exchange for a waiver from strict compliance of rule 14.41(a) of the Listing Rules, which requires the circular to be despatched within 15 business days after the publication of the Announcement. Subject to the aforesaid waiver being granted, the Lippo Circular and the LCR Circular are expected to be despatched to the Lippo Shareholders and LCR Shareholders respectively on or before 8 October 2019.
The respective Boards of Lippo and LCR wish to announce that the Stock Exchange has granted a waiver from strict compliance of rule 14.41(a) of the Listing Rules if the Lippo Circular and the LCR Circular are despatched on or before 8 October 2019. The Stock Exchange may withdraw or change the waiver if Lippo's or LCR's situation changes.
As Completion is subject to the fulfilment of certain Conditions Precedent and may or may not proceed, the LCR Shareholders, the Lippo Shareholders and potential investors should exercise caution when dealing in the shares of LCR and/or Lippo.
By Order of the Board | By Order of the Board |
LIPPO LIMITED | LIPPO CHINA RESOURCES LIMITED |
John Luen Wai Lee | John Luen Wai Lee |
Managing Director and | Chief Executive Officer |
Chief Executive Officer | |
Hong Kong, 12 September 2019 | |
1 |
As at the date of this announcement, the board composition of each of Lippo and LCR is as follows:
Lippo | LCR |
Executive Directors: | Executive Directors: |
Dr. Stephen Riady (Chairman) | Dr. Stephen Riady (Chairman) |
Mr. John Luen Wai Lee | Mr. John Luen Wai Lee |
(Managing Director and | (Chief Executive Officer) |
Chief Executive Officer) | Mr. James Siu Lung Lee |
Non-executive Directors: | Non-executive Director: |
Mr. Jark Pui Lee | Mr. Leon Nim Leung Chan |
Mr. Leon Nim Leung Chan | |
Independent Non-executive Directors: | Independent Non-executive Directors: |
Mr. Edwin Neo | Mr. Edwin Neo |
Mr. King Fai Tsui | Mr. King Fai Tsui |
Mr. Victor Ha Kuk Yung | Mr. Victor Ha Kuk Yung |
2
Attachments
- Original document
- Permalink
Disclaimer
Lippo China Resources Limited published this content on 12 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 September 2019 12:11:01 UTC
