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.
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 540)
ANNOUNCEMENT PURSUANT TO RULE 13.18 OF THE LISTING RULES
This announcement is made by the Company pursuant to Rule 13.18 of the Listing Rules.
On 29 January 2015, the Borrower as borrower, and the Company together with its various subsidiaries as guarantors, entered into the Facility Agreement with the Lenders relating to a term credit facility of HK$300 million. The principal amount of the loan to be granted under the Facility Agreement shall be repaid by installments commencing after 18 months from utilization and with the final repayment date after 42 months from utilization.
Pursuant to the Facility Agreement, (i) Sky Halo is required to beneficially own directly or indirectly more than 50% of the issued share capital of the Borrower; (ii) Mr. Huang Chih Chien and Mr. Huang Chih Shen are required to beneficially own, directly or indirectly, in aggregate 100% of the entire issued share capital of Sky Halo and (iii) Mr. Huang Chih Shen is required to be the chairman of the Board and the chief executive officer of the Company. Failure to comply with the requirements will trigger an event of default under the Facility Agreement.
As at the date of this announcement, Sky Halo is holding 327,242,688 Shares, representing approximately 54.54% of the total issued share capital of the Company. Sky Halo is beneficially wholly owned by Mr. Huang Chih Shen, the executive Director, chairman and chief executive officer of the Company.
DEFINITIONS
In this announcement, unless the context otherwise requires, the following words and phrases have the following meanings:
''Board'' the board of directors of the Company
''Borrower'' Speedy Global Development Limited, a company incorporated in the British Virgin Islands with limited liability and a wholly owned subsidiary of the Company
''Company'' Speedy Global Holdings Limited, a company incorporated in the Cayman Islands with limited liability, the shares of which are listed on the Stock Exchange
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''Directors'' the directors of the Company
''Facility Agreement'' the term credit facility agreement dated 29 January 2015 made between, among others, the Borrower, the Company and its various subsidiaries and the Lenders relating to the granting of a term credit facility of HK$300 million to the Borrower
''HK$'' Hong Kong dollars, the lawful currency of Hong Kong
''Hong Kong'' the Hong Kong Special Administrative Region of the PRC
''Lenders'' the several banks listed as lenders under the Facility
Agreement
''Listing Rules'' the Rules Governing the Listing of Securities on the Stock
Exchange
''PRC'' The People's Republic of China which, for the purpose of this announcement, excludes Hong Kong, the Macau Special Administrative Region and Taiwan
''Shares'' ordinary shares of HK$0.10 in the share capital of the
Company
''Sky Halo'' Sky Halo Holdings Limited, the controlling shareholder of the Company
''Stock Exchange'' The Stock Exchange of Hong Kong Limited
By order of the Board Speedy Global Holdings Limited Huang Chih Shen
Chairman
Hong Kong, 29 January 2015
As at the date of this announcement, the executive directors of the Company are Mr. Huang Chih Shen, Mr. Chan Hung Kwong, Patrick, Ms. Tang Wai Shan and Mr. Au Wai Shing; the independent non-executive directors of the Company are Mr. Wong Ting Kon, Ms. Pang Yuen Shan, Christina, Mr. Chang Cheuk Cheung, Terence and Mr. Chan Chung Bun, Bunny.
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