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CTF Services Limited — Capital/Financing Update 2014
Jan 27, 2014
49372_rns_2014-01-27_1b97d0dc-ab72-4d25-910f-c7318618cf12.pdf
Capital/Financing Update
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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.
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(incorporated in Bermuda with limited liability)
(stock code: 659)
FURTHER ANNOUNCEMENT RELATING TO FORMATION OF THE JV COMPANY
Reference is made to the announcement of NWS Holdings Limited (the “ Company ”) dated 25 February 2013 (the “ Announcement ”) in relation to, among others, the formation of the JV Company. Capitalized terms used herein shall have the same meanings as those defined in the Announcement unless the context herein requires otherwise.
THE AGREEMENT
The Board wishes to announce that the JV Company named Xiamen Container Terminal Group Co., Ltd. ( 廈門集裝箱碼頭集團有限公司 ) was duly established as a limited liability company in the PRC on 13 December 2013. The Trend Wood Disposal, Songyu Acquisition, capital contribution by other shareholders of the JV Company and cash contribution of RMB369,864,752.17 (equivalent to HK$474,185,579.71) by NWXP have been completed on 24 January 2014.
After the Establishment, completion of the Trend Wood Disposal and injection of capital by NWXP, the Group currently holds 13.8% interest in the JV Company and has made all its capital commitments for such interest.
By order of the Board Dr. Cheng Kar Shun, Henry Chairman
Hong Kong, 27 January 2014
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For the purposes of this announcement, unless otherwise specified, conversions of RMB into Hong Kong dollars are based on the exchange rate of RMB0.78 to HK$1.00 for the purposes of illustration only. No representation is made that any amount in RMB or Hong Kong dollars could have been or could be converted at the above rate or any other rates.
As at the date of this announcement, (a) the executive directors of the Company are Dr. Cheng Kar Shun, Henry, Mr. Tsang Yam Pui, Mr. Lam Wai Hon, Patrick, Mr. Cheung Chin Cheung, Mr. William Junior Guilherme Doo and Mr. Cheng Chi Ming, Brian; (b) the non-executive directors of the Company are Mr. To Hin Tsun, Gerald and Mr. Dominic Lai; and (c) the independent non-executive directors of the Company are Mr. Kwong Che Keung, Gordon, Dr. Cheng Wai Chee, Christopher, The Honourable Shek Lai Him, Abraham, Mr. Wilfried Ernst Kaffenberger (alternate director to Mr. Wilfried Ernst Kaffenberger: Mr. Yeung Kun Wah, David) and Mr. Lee Yiu Kwong, Alan.
- For identification purposes only
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