Meeting of Bondholders Result and Offer Status
08 Junio 2009 - 10:27AM
UK Regulatory
TIDMCCPL
RNS Number : 5536T
China Central Properties Limited
08 June 2009
China Central Properties Limited ("CCP")
Result of the Meeting of Convertible Bondholders and Offer Status
The Board of China Central Properties Limited announces two significant
developments in relation to the recommended offer by Shui On Construction and
Materials Limited ('SOCAM') for the entire issued share capital of China Central
Properties Limited ('CCP') not already owned by the SOCAM Group ("Offer"). Terms
defined in the offer document dated 14 May 2009 in respect of the Offer have the
same meanings where used in this announcement.
The CCP Board is pleased to announce that, at the Bondholder Meeting held today
at 6.30 p.m. (Hong Kong time), the Convertible Bondholder Extraordinary
Resolution, as set out in the circular to the Convertible Bondholders dated 14
May 2009 (as revised and notified to Convertible Bondholders on 29 May 2009),
was duly passed by the Convertible Bondholders and that the Cancellation Deed
has been duly executed by CCP and the Convertible Bonds Trustee.
In addition, SOCAM has now declared that all conditions to the Offer have been
fulfilled, save for the any condition which requires payment of the Bond
Cancellation monies to have been made to the Convertible Bondholders. It is
expected that this final outstanding matter will shortly be satisfied, allowing
SOCAM to then declare the Offer unconditional in all respects.
A further announcement will be made in due course.
For further information, please contact:
+--------------------------------------------+------+---------------------+
| China Central Properties Limited | | |
+--------------------------------------------+------+---------------------+
| Ms. Elaine Yuen, Company Secretary | | +852 2296 8033 |
+--------------------------------------------+------+---------------------+
| | | |
+--------------------------------------------+------+---------------------+
| Seymour Pierce Limited | | |
+--------------------------------------------+------+---------------------+
| Chris Howard / Mark Percy / Christopher | | +44 20 7107 8000 |
| Wren | | |
+--------------------------------------------+------+---------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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