The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
ANNOUNCEMENT
| The board of directors (the "Board") of Shun Cheong Holdings Limited (the "Company") notes the recent increases in the price of the shares of the Company.
The Board wishes to advise that the Company is engaged in a preliminary negotiation with an independent third party which may or may not result in the Company acquiring an investment in an internet-related business (the "Acquisition"). The Board wishes to emphasize that the Acquisition may or may not proceed and to remind shareholders of the Company and potential investors to exercise caution in dealing in the shares of the Company. |
This announcement is being made at the request of The Stock Exchange of Hong Kong Limited.
The Board of the Company has noted the recent increases in the price of the shares of the Company and wishes to state that they are not aware of any reasons for such increase.
The Company is currently engaged in a preliminary negotiation with an independent third party which may or may not result in the Company acquiring an investment in a business that is engaged in internet-related services with operations in Hong Kong for providing information concerning trading prices and analysis of securities. No agreement on the conclusion of the Acquisition has been reached at this stage. The Board wishes to emphasize that the Acquisition may or may not proceed and to remind shareholders of the Company and potential investors to exercise caution in dealing in the shares of the Company. Further announcement will be made under the requirements of the Listing Rules if applicable.
The Board also confirms that, save as disclosed above, there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under paragraph 3 of the Listing Agreement, neither is the Board aware of any matter, discloseable under the general obligation imposed by paragraph 2 of the Listing Agreement, which is or may be of a price-sensitive nature.
This announcement is made by the order of the Board of the Company, who individually and jointly accept responsibility for the accuracy of this statement.
By order of the Board
OU KA CHI
Company Secretary
Hong Kong, 18th January, 2000
| © Copyright 1996-2012 irasia.com Ltd. All rights reserved. |
|
DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any
information provided on this website. Under no circumstances shall irasia.com Ltd be liable
for damages resulting from the use of the information provided on this website.
TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website. |