CHINA GREEN (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.
中 國 粗 糧 王 飲 品 控 股 有 限 公 司
(Incorporated in Bermuda with limited liability)
(Stock code: 904)
This announcement is made by China Culiangwang Beverages Holdings Limited ("Company") at the request of The Stock Exchange of Hong Kong Limited ("Stock Exchange") and pursuant to Rules 13.09 and 13.10 of the Rules Governing the Listing of Securities on the Stock Exchange ("Listing Rules") and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) ("SFO").
The board ("Board") of directors ("Directors") of the Company has noted a decrease in the price and increase in trading volume of the shares of the Company ("Shares") prior to its trading halt on 18 January 2016. The Board, after having made such enquiry with respect to the Company as is reasonable in the circumstances, confirms that, save as disclosed below, it is not aware of any reasons for such price or volume movements or of any information which must be announced to avoid a false market in the Shares or of any inside information that needs to be disclosed under Part XIVA of the SFO.
The Board would like to inform the shareholders of the Company and potential investors that the Company is considering the possibility of a fund raising exercise by way of issue of new Shares under an open offer ("Possible Open Offer").
As at the date of this announcement, the Company is still in the process of discussion with the relevant parties and no definitive or legally binding agreement has been entered into by the Company regarding the Possible Open Offer. Accordingly, the Possible Open Offer may or may not proceed. Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.At the request of the Company, trading in the Shares on the Stock Exchange has been halted with effect from 1:00 p.m. on Monday, 18 January 2016, pending the publication of this announcement. An application has been made by the Company to the Stock Exchange for the resumption of trading in the Shares with effect from 9:00 a.m. on Tuesday, 19 January 2016.
This announcement is made by the order of the Board. The Board collectively and individually accepts responsibility for the accuracy of this announcement.
By Order of the Board
China Culiangwang Beverages Holdings Limited Sun Shao FengChairman
Hong Kong, 18 January 2016
As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Sun Shao Feng (Chairman and Chief Executive Officer) and Mr. Chen Changgai; and four independent non-executive Directors, namely Mr. Wei Xiongwen, Mr. Hu Ji Rong, Mr. Zeng Shaoxiao and Ms. Yu Xiao Min.
China Culiangwang Beverages Holdings Limited issued this content on 2016-01-18 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-18 10:35:03 UTC
Original Document: http://www.chinagreen.com.hk/attachment/2016011818170100002413761_en.pdf
