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.
BIRMINGHAM SPORTS HOLDINGS LIMITED 伯 明 翰 體 育 控 股 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 2309)
COMPLETION OF
MAJOR AND CONNECTED TRANSACTION RELATING TO
THE ACQUISITION OF PROPERTIES IN CAMBODIA
AND
ISSUE OF CONSIDERATION SHARES UNDER SPECIFIC MANDATE
Reference is made to the circular of Birmingham Sports Holdings Limited (the "Company") dated 20
November 2018 (the "Circular"). Unless the context otherwise specified, capitalised terms used herein shall have the same meanings as those defined in the Circular.
COMPLETION OF LONG TERM LEASE AGREEMENT
The Board is pleased to announce that all the conditions precedent of the Long Term Lease Agreement have been fulfilled and completion of the Long Term Lease Agreement took place on 13 December 2018. The Consideration Shares, i.e., 832,610,000 new Shares, were allotted and issued at the Issue Price pursuant to the terms and conditions of the Long Term Lease Agreement.
EFFECT ON SHAREHOLDING STRUCTURE OF THE COMPANY
To the best of the knowledge, information and belief of the Directors having made all reasonable enquiries, the following table illustrates the shareholding structure of the Company immediately before and after the allotment and issue of the Consideration Shares:
Name of Shareholder | ||||
Trillion Trophy Asia | ||||
Limited (Note 1) | 3,825,000,000 | 34.86% | 3,825,000,000 | 32.40% |
Ever Depot (Note 2) | 2,086,551,000 | 19.01% | 2,919,161,000 | 24.72% |
Dragon Villa Limited (Note 3) | 2,094,366,000 | 19.08% | 2,094,366,000 | 17.74% |
Public Shareholders | 2,968,154,672 | 27.05% | 2,968,154,672 | 25.14% |
Total | 10,974,071,672 | 100.00% | 11,806,681,672 | 100.00% |
Notes: |
Immediately before the | Immediately after the |
allotment and issue of the | allotment and issue of the |
Consideration Shares | Consideration Shares |
Approximate | Approximate |
Number of percentage of | Number of percentage of |
Shares issued Share | Shares issued Share |
(1) Trillion Trophy Asia Limited is a wholly-owned subsidiary of Wealthy Associates International Limited which in turn is wholly-owned by Mr. Suen Cho Hung, Paul.
(2) Ever Depot is a wholly-owned subsidiary of GRED. GRED is wholly-owned by Mr. Vong Pech.
(3) Dragon Villa Limited is wholly-owned by Mr. Lei Sutong.
By Order of the Board Birmingham Sports Holdings Limited
Zhao Wenqing
Chairman
Hong Kong, 13 December 2018
As at the date of this announcement, the Board comprises nine Directors, namely Mr. Zhao Wenqing (Chairman), Mr. Huang Dongfeng (Chief Executive Officer), Ms. Chan Yuk Yee, Mr. Yiu Chun Kong and Mr. Hsiao Charng Geng as Executive Directors; Mr. Sue Ka Lok as Non-executive Director; and Mr. To Yan Ming, Edmond, Mr. Pun Chi Ping and Ms. Leung Pik Har, Christine as Independent Non-executive Directors.
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Birmingham Sports Holdings Limited published this content on 13 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 December 2018 12:04:09 UTC