KING PACIFIC<0072> - 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.
KING PACIFIC INTERNATIONAL HOLDINGS LIMITED INTELLIGENT TRICO
INVESTMENT HOLDINGS LIMITED
(Incorporated with limited liability in Bermuda) (Incorporated
with limited liability in Hong Kong)
DELAY OF DESPATCH OF Composite Document
The boards of directors of the Offeror and King Pacific refer to the
joint announcement dated 20th May, 1999 (the "Announcement") in
relation to the unconditional voluntary cash offer (the "Offer")
by ICEA Capital Limited on behalf of Intelligent Trico Investment
Holdings Limited for all the issued shares of King Pacific
International Holdings Limited (other than those shares already
owned or held by the Offeror or parties acting in concert with it).
The composite document which includes the offer document of the
Offeror, together with forms of acceptance and transfer, and the
response document of King Pacific (the "Composite Document") will
be despatched as soon as practicable and in any event, on or before
30th June, 1999.
The boards of directors of the Offeror and King Pacific refer to the
announcement dated 20th May, 1999 in relation to the Offer for Shares
in King Pacific not already owned by the Offeror and parties acting
in concert with it. Unless otherwise stated, terms used herein shall
have the same meaning as defined in the Announcement.
According to Rule 8.2 of the Takeovers Code, the Composite Document
should be despatched to the shareholders of King Pacific by Thursday,
10th June, 1999. However, as additional time is required for
compiling certain financial information to be contained in the
Composite Document, the Composite Document will not be despatched
on 10th June, 1999. The Offeror has applied to the SFC for its consent
to an extension of the deadline for despatching the Composite
Document. It is expected that the Composite Document will be
despatched as soon as practicable and in any event, on or before 30th
June, 1999.
By Order of the Board By Order of the Board
King Pacific International Holdings Limited Intelligent Trico
Investment Holdings Limited
Xiong Ping Bo Paul Cheng Chao Ming
Director Director
Hong Kong, 9th June, 1999
The directors of the Offeror and King Pacific jointly and severally
accept full responsibility for the accuracy of the information
contained in this announcement and confirm, having made all
reasonable inquiries, that to the best of their knowledge, 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 statement
in this announcement misleading.
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