APPLIED DEVELOPMENT HOLDINGS 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.
(Incorporated in Bermuda with limited liability) (Stock Code: 519)
This announcement is made by Applied Development Holdings Limited (the "Company") at the request of The Stock Exchange of Hong Kong Limited (the "Stock Exchange").
The Board of Directors (the "Board") of the Company has noted the recent increases in the price and trading volume of the shares of the Company. Having made such enquiry with respect to the Company as is reasonable in the circumstances, the Board confirms that save for a positive profit alert announcement which is expected to be announced by the Company on or before 2 February 2016 and as disclosed below, it is not aware of any reasons for the increases in the price and trading volume of the shares of the Company or of any information which must be announced to avoid a false market in the Company's securities or of any inside information that needs to be disclosed under Part XIVA of the Securities and Futures Ordinance.
The Board wishes to state that the Company is in negotiation with an independent third party in respect of a possible disposal (the "Possible Disposal") of the entire issued share capital of an indirect wholly owned subsidiary which owns certain real estate properties. The Possible Disposal, if materialises, will constitute a notifiable transaction for the Company under Chapter 14 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules"). As at the date of this announcement, no definitive agreement has been entered into between the Company and such independent third party. Further announcement(s) will be made by the Company in this regard as and when appropriate in accordance with the Listing Rules.
This announcement is made by the order of the Company. The Board collectively and individually accepts responsibility for the accuracy of this announcement.
By Order of the Board
Applied Development Holdings Limited
Wang Jingyu
Chairlady and Managing Director
Hong Kong, 26 January 2016
As at the date of this announcement, the Executive Directors are Ms. Wang Jingyu, Ms. Ng Kit Ling and Mr. Tsao Hoi Ho; the Independent Non-executive Directors are Mr. Su Ru Jia, Mr. Lo Yun Tai and Mr. Chan Ming Fai, Terence.
* For identification purposes only
In the event of inconsistency, the English text of this announcement shall prevail over the Chinese text thereof.
Applied Development Holdings Limited issued this content on 26 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 January 2016 13:44:13 UTC
Original Document: http://www.applieddev.com/pdf/en/investor/announcement/e-519-UPTVM-26-1-16.pdf
