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.
EXTENSION OF WAIVER
FROM STRICT COMPLIANCE WITH RULE 8.08 OF THE LISTING RULES
References are made to the joint announcement issued by
Allied Group Limited, Allied Properties (H.K.) Limited
(''APL'') and Tian An China
Investments Company Limited (''Tian
An'') dated 14th September, 2011 in relation to,
among other things, the Partial Share Exchange Offer, and the
composite document (the ''Composite
Document'') dated 18th November, 2011, the joint
announcement dated 9th December, 2011 in relation to the
first closing of the Partial Share Exchange Offer and the
joint announcement dated 23rd December, 2011 in relation to
the final closing of the Partial Share Exchange Offer (the
''Joint Announcement'') which were
jointly issued by APL and Tian An. Unless otherwise defined,
terms used herein shall have the same meanings as those
defined in the Composite Document.
As stated in the Joint Announcement, immediately following
the completion of the transfer of
103,180,000 Tian An Offer Shares to the Offeror pursuant to
the Partial Share Exchange Offer,
376,470,974 Tian An Shares are held by the public Tian An
Shareholders, representing approximately
24.99% of the entire issued share capital of Tian An as at
the date of the Joint Announcement.
Rule 8.08 of the Listing Rules requires that at least 25% of
the issuer's total issued share capital must at
all times be held by the public (the ''Public
Float''). In view of Tian An's
Public Float falling less than 25% as required, Tian An had
applied to the Stock Exchange for and was granted a waiver
from strict compliance with Rule 8.08(1)(a) of the Listing
Rules (the ''Waiver'') for the
period from 23rd December, 2011 to 17th January, 2012 to
restore the Public Float of Tian An.
Tian An was informed by APL that it needs additional time to
finalise a sale of not less than 221,399
Tian An Shares and ensure the independence of the purchaser
of the sale to restore the Public Float of
Tian An, Tian An has applied to the Stock Exchange for an
extension of the Waiver from 18th January,
2012 to on or before 31st January, 2012.
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Further announcement will be made by Tian An on further
progress on and/or upon the completion of restoration of the
Public Float of Tian An.
On behalf of the Board
Tian An China Investments Company Limited
Edwin Lo King Yau
Executive Director
Hong Kong, 17th January, 2012
As at the date of this announcement, the Board comprises Mr. Hu Aimin (Deputy Chairman), Mr. Song Zengbin (Deputy Chairman), Mr. Patrick Lee Seng Wei (Managing Director), Mr. Ng Qing Hai (Deputy Managing Director), Mr. Ma Sun (Deputy Managing Director), Mr. Edwin Lo King Yau and Mr. Tao Tsan Sang being the Executive Directors; Mr. Lee Seng Hui (Chairman), Dr. Moses Cheng Mo Chi and Mr. Lee Shu Yin being the Non-Executive Directors; and Mr. Francis J. Chang Chu Fai, Mr. Jin Hui Zhi, Mr. Ngai Wah Sang and Ms. Lisa Yang Lai Sum being the Independent Non-Executive Directors.
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distribué par | Ce noodl a été diffusé par Tian An China Investments Company Ltd. et initialement mise en ligne sur le site http://www.tiananchina.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-17 23:06:01 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
Documents associés | |
Extension of Waiver from Strict Compliance with Rule 8.08 of the Listing Rules (in PDF) |