ALPHA GENERAL<0073> - 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.
ALPHA GENERAL (HOLDINGS) LIMITED
(incorporated in Bermuda with limited liability)
SUBDIVISION OF SHARES
The Board wishes to announce that the ordinary
resolution approving the Subdivision of Shares was duly
passed at the SGM and the Subdivision shall become
effective on 3rd April, 2000.
The board lot size of trading in the Shares will remain
as 2,000 Shares being in board lot of 2,000 Subdivided
Shares. The arrangement for dealings in the Subdivided
Shares on the Stock Exchange is set out below.
The board ("Board") of directors of Alpha General
(Holdings) Limited (the "Company") has noted the recent
increases in the price and the trading volume of Shares
of the Company and wishes to state that save as
described below, the Board is not aware of any reasons
for such increases.
The Board also confirm that there are no negotiations
or agreements relating to intended acquisitions or
realisations which are discloseable under paragraph 3
of the Listing Agreement neither is the Board aware of
any matter discloseable under the general obligation
imposed by paragraph 2 of the Listing Agreement, which
is or may be of a price-sensitive nature.
Further to the announcement dated 4th March, 2000, the
Board of the Company wishes to announce that the
ordinary resolution approving the subdivision (the
"Subdivision") of shares of HK$0.10 each in the share
capital of the Company ("Shares") into ten Shares of
HK$0.01 each ("Subdivided Shares") was duly passed at
the special general meeting of the Company held on 31st
March, 2000 (the "SGM"). The Listing Committee of The
Stock Exchange of Hong Kong Limited (the "Stock
Exchange") has also granted the listing of and the
permission to deal in the Subdivided Shares.
Accordingly, the Subdivision shall become effective on
3rd April, 2000 and the board lot size of trading in
the Shares will remain as 2,000 Shares being in board
lot of 2,000 Subdivided Shares.
Timetable for the Subdivision
The arrangement for dealings in the Subdivided Shares
on the Stock Exchange is set out below:
2000
Effective date of Share Subdivision Monday, 3 April
Dealing in Subdivided Shares commences 10:00 a.m. on
Monday, 3 April
Existing counter for trading in existing Shares
in board lots of 2,000 Shares temporarily closes
10:00 a.m. on Monday, 3 April
Temporary counter for trading in Subdivided Shares
in board lots of 20,000 Subdivided Shares
(in the form of existing Share certificates) opens
10:00 a.m. on Monday, 3 April
First day of free-exchange of certificates for existing
Shares for new certificates for the Subdivided Shares
Monday, 3 April
Existing counter for trading in Subdivided Shares in
board
lots of 2,000 Subdivided Shares (in the form of new
certificates for Subdivided Shares) reopens
10:00 a.m. on Tuesday, 18 April
Parallel trading in Subdivided Shares (in the form
of new certificates for Subdivided Shares
and existing Shares) commences 10:00 a.m. on
Tuesday, 18 April
Temporary counter for trading in Subdivided Shares
in board lots of 20,000 Subdivided Shares
(in the form of certificates for existing Shares)
ends 4:00 p.m. on Tuesday, 16 May
Parallel trading in Subdivided Shares (in the form
of new certificates for Subdivided Shares and
existing Shares) ends 4:00 p.m. on Tuesday, 16 May
Last day for free exchange of certificates for existing
Shares
for new certificates for Subdivided Shares
4:00 p.m. on Friday, 19 May
Reference was made to the circular dated 15th March,
2000 whereby it stated that the colour of the existing
share certificates was in blue but in fact the colour
of the existing share certificates was in grey. Hence,
grey certificates for existing Shares will be valid for
delivery and settlement in respect of dealings only up
to and including 16th May, 2000. Such certificates will
cease to be marketable and will not be acceptable for
dealing purposes after 4:00 p.m. on 16th May, 2000.
However, grey certificates for existing Shares will
continue to be good evidence of legal title and may be
exchanged for new yellow certificates for the
Subdivided Shares at any time on the basis of one
existing Share for ten Subdivided Shares at a charge.
By Order of the Board
Chu Ka Lok, Peter
Chairman
Hong Kong, 31st March, 2000
The Board of the directors of the Company individually and jointly accept
responsibility for the accuracy of this announcement.
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