Zhejiang Expressway Delay in Despatch of Circular
08 November 2016 - 1:19AM
UK Regulatory
TIDMZHEH
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.
Zhejiang Expressway Co., Ltd.
(A joint stock limited company incorporated in the People's Republic of China
with limited liability)
(Stock code: 0576)
DELAY IN DESPATCH OF CIRCULAR
IN RELATION TO
DISCLOSEABLE AND CONNECTED TRANSACTION
Reference is made to the announcement of Zhejiang Expressway Co., Ltd.
(the "Company") dated 17 October 2016 (the "Announcement") in relation to,
among other things, the proposed disposal of 100% equity interest in
Development Co. Unless otherwise defined, capitalised terms used in this
announcement have the same meanings as those defined in the Announcement.
As stated in the Announcement, the Company expected to despatch a circular
(the "Circular") containing, among other things, (i) details of the Share
Purchase Agreement, (ii) a letter from the Independent Board Committee to the
Independent Shareholders regarding the Disposal, (iii) a letter of advice from
the independent financial adviser to the Independent Board Committee and the
Independent Shareholders regarding the Disposal, and (iv) a notice of
extraordinary general meeting of the Company, is expected to be despatched to
the Shareholders on or before 7 November 2016.
As additional time is required for the Company to finalise the information to
be contained in the Circular, the despatch date of the Circular is expected to
be delayed to a date falling on or before 10 November 2016.
On behalf of the Board
ZHEJIANG EXPRESSWAY CO., LTD.
ZHAN Xiaozhang
Chairman
Hangzhou, PRC, 7 November 2016
As of the date of this announcement, the executive directors of the Company
are: Mr. ZHAN Xiaozhang, Mr. CHENG Tao and Ms. LUO Jianhu; the non-executive
directors of the Company are: Mr. WANG Dongjie, Mr. DAI Benmeng and Mr. ZHOU
Jianping; and the independent non-executive directors of the Company are: Mr.
ZHOU Jun, Mr. PEI Ker-Wei and Ms. LEE Wai Tsang Rosa.
END
(END) Dow Jones Newswires
November 07, 2016 09:19 ET (14:19 GMT)
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