Clarification - Riviera Sale (3441Y)
21 Diciembre 2010 - 3:19AM
UK Regulatory
TIDMMCAU
RNS Number : 3441Y
Speymill Macau Property Company PLC
21 December 2010
Speymill Macau Property Company plc
Clarification of receipt of Funds from Riviera Sales
The Board of Speymill Macau Property Company plc (the "Company")
wishes to clarify its announcement of 15 December 2010 as
follows:
In regard to the payments totaling HK$ 7,590,590 (approx. USD$
one million) received by the Company on December 8, 2010, this
money was not yet due under the terms of payment for the Plan "B"
buyers at the time it was paid. Plan "B" buyers are required to
take possession and pay the remaining part of the price within 14
days from a notice of the Seller, served by double registered mail,
confirming that the Occupation Permit had been issued. Such letters
have not yet been sent out to the Plan "B" buyers; therefore, the
payments noted in the 15 December 2010 update were voluntarily made
prior to the date they were legally due to be made.
The US Dollar amount above is for information purposes only and
in calculating such price a conversion price of 7.75 HK dollar to
one US dollar was used.
Enquiries
For more information, please visit www.speymillmacau.com or
contact:
Speymill Property Group Limited Galileo Fund Services
Limited
(Manager) (Administrator)
Huang Khoo Ian Dungate
Terri Tsang Suzanne Jones
+44 1624 640 860 +44 1624 692600
Matrix Corporate Capital LLP Fairfax I.S. P.L.C. (Nominated
Adviser and Broker) (Broker) Paul Fincham James King Jonathan
Becher Andrew Cox +44 20 3206 7000 +44 20 7598 5368
This information is provided by RNS
The company news service from the London Stock Exchange
END
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