INFORMATION RELATING TO THE GROUP. The principal activities of the Group are development, investment and operation of infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Australia, New Zealand and Canada.
INFORMATION RELATING TO THE GROUP. The Group operates an integrated coal-based energy business in the PRC, including coal production, transportation and sales as well as power generation. The Group also purchases thermal coal and purchases coal from third parties for coal blending and resale. China Datang is one of the five large-scaled power generation enterprises in the PRC. China Datang’s main business includes management of state-owned assets invested by the state and owned by China Datang, investment, construction and management of power energy projects, manufacturing and commissioning of electric power equipment, contracting and providing consultancy services on environmental protection projects and renewable energy development. An Independent Board Committee has been formed to advise the Independent Shareholders on the Coal Supply Framework Agreement, the transactions contemplated under the Coal Supply Framework Agreement and the proposed annual caps thereto. The Independent Board Committee has also approved the appointment of China Merchants Securities (HK) Co., Limited as the independent financial adviser to advise the Independent Board Committee and Independent Shareholders in accordance with the Hong Kong Listing Rules. To the best of the Directors’ knowledge, information and belief, having made all reasonable enquiries, no member of the Independent Board Committee has any material interest in the transaction contemplated under the Coal Supply Framework Agreement. A general meeting of the Company will be convened and held to, inter alia, consider and, if thought fit, to approve the Coal Supply Framework Agreement and the proposed annual caps thereto. A circular containing, among other things, further details, the letter from the Independent Board Committee and the recommendation from the independent financial adviser, together with a notice convening a general meeting of the Company will be dispatched to the Shareholders as soon as practicable.
INFORMATION RELATING TO THE GROUP. The Group is principally engaged in lottery system and games development business and distribution and marketing of lottery products in the PRC. The Board believes that the Disposal should be able to improve the financial position of the Group and would not have significant impact on overall business operations of the Company. The Company will continue to have operations in scratch card printing and distribution after the Disposal. The Purchaser is principally engaged in corporate management and information technology business. To the best of the Directors’ knowledge, information and belief, having made all reasonable enquiries, the Purchaser and its ultimate beneficial owner are third parties independent of the Company and its connected persons. As certain applicable percentage ratios set out in Rule 14.07 of the Listing Rules in respect of the Disposal are more than 5% but less than 25%, the Disposal constitutes a disclosable transaction of the Company. As such, the Sale and Purchase Agreement and the transactions contemplated thereunder are subject to the reporting and announcement requirements but are exempted from the Shareholders’ approval requirement under Chapter 14 of the Listing Rules.
INFORMATION RELATING TO THE GROUP. The Group is principally engaged in the operation of department stores in the PRC. NWD Group is principally engaged in investments in the areas of property, infrastructure, hotel operation, department store operation, services as well as telecommunications and technology. CTF Jewellery is principally engaged in the business of selling jewellery.
INFORMATION RELATING TO THE GROUP. The Group operate and invest in five core businesses: ports and related services; property and hotels; retail; energy and infrastructure, finance and investments, and others; and telecommunications.
INFORMATION RELATING TO THE GROUP. The Group operates an integrated coal-based energy business in the PRC, including coal production, transportation and sales as well as power generation. The Group also purchases thermal coal and purchases coal from third parties for coal blending and resale. Shenhua Group Co is the sole promoter and a controlling shareholder of the Company. Shenhua Group Co and its subsidiaries are principally engaged in the coal liquefaction, coal based chemical processing business, coal production and power generation business as well as investment and finance activities.
INFORMATION RELATING TO THE GROUP. The principal activities of the Company and its subsidiaries are investment in power businesses in Hong Kong and overseas. The principal activities of CKI and its subsidiaries are development, investment and operation of infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, the Netherlands, Australia, New Zealand and Canada. The CCT Approval will be sought from the Independent Shareholders at the AGM. The Independent Board Committee has been established to provide a recommendation to the Independent Shareholders in respect of the terms of the Master Agreement based on the advice of an independent financial adviser of the Company to be appointed to advise the Independent Board Committee and the Independent Shareholders in respect of the terms of the Master Agreement and of the CCT Approval. A circular containing, among other things, details of the Master Agreement in connection with the acquisition of Connected Debt Securities, the recommendation of the Independent Board Committee and the advice from the Independent Financial Adviser to the Independent Board Committee and the Independent Shareholders, together with a notice convening the AGM to approve, among other things, the transactions contemplated under the Master Agreement, will be despatched to Shareholders within 15 business days after the publication of this announcement in compliance with the Listing Rules.
