DICKSON CONCEPT<0113> - Announcement
The Stock Exchange of Hong Kong Limited takes no responsibility for
the contents of this announcement, makes no representation as to its
accuracy or completeness and expressly disclaims any liability
whatsoever for any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this announcement.
DICKSON CONCEPTS (INTERNATIONAL) LIMITED
(incorporated in Bermuda with limited liability)
MAJOR AND CONNECTED TRANSACTION
PROPOSED DISPOSAL OF NON-ASIAN ASSETS AND
CONDITIONAL PAYMENT OF A SPECIAL CASH DIVIDEND
SUSPENSION OF TRADING ON WEDNESDAY, 26TH MAY, 1999
The Company wishes to announce that it has formally requested
suspension of trading in the Shares on the Stock Exchange from 10:00
a.m. on Wednesday, 26th May, 1999 and resumption of trading from
10:00 a.m. on Thursday, 27th May, 1999.
The latest time for trading in the Shares cum the entitlement to the
special cash dividend is 4:00 p.m. on Tuesday, 25th May, 1999.
The board of directors of Dickson Concepts (International) Limited
(the `Company') hereby announces that the Company has formally
requested suspension of trading in its shares (the `Shares') on The
Stock Exchange of Hong Kong Limited (the `Stock Exchange') from 10:00
a.m. on Wednesday, 26th May, 1999. The suspension request has been
made in view of the holding of the special general meeting of the
Company at 11:00 a.m. on Wednesday, 26th May, 1999 during which an
ordinary resolution will be proposed which, if passed, will approve
the disposal of the non-Asian assets of the Company to Broad Gain
Investments Limited (the `Disposal'); and subject to and conditional
upon completion of the Disposal, the declaration and payment of a
special cash dividend of HKD6.80 per Share. In the interest of
maintaining an orderly market for the trading of the Shares pending
the announcement of the results of the special general meeting, the
Company has therefore requested and has been granted a suspension of
trading in the Shares on the day of the special general meeting.
The latest time for trading in the Shares cum the entitlement to the
special cash dividend is 4:00 p.m. on Tuesday, 25th May, 1999.
Trading in the Shares on the Stock Exchange will resume from 10:00
a.m. on Thursday, 27th May, 1999, and will be ex the entitlement to
the special cash dividend should the ordinary resolution at the
special general meeting be passed.
For further details on the above major and connected transaction
together with details on the possible partial cash offer for
51,000,000 Shares, please refer to the circular and the composite
document both dated 7th May, 1999 despatched to the shareholders of
the Company on 7th May, 1999.
Investors are reminded to exercise caution in dealing in the Shares
in the meantime.
By Order of the Board
Dickson Concepts (International)
Limited
Edwin Ing
Executive Director and Company Secretary
Hong Kong, 19th May, 1999
The directors of the Company jointly and severally accept full
responsibility for the accuracy of the information in this
announcement and confirm, having made all reasonable enquiries, that
to the best of their knowledge, their opinions expressed in this
announcement have been arrived at after due and careful consideration
and there are no other facts not contained in this announcement the
omission of which would make any statements in this announcement
misleading.
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