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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  China Singyes Solar Technologs Hldgs Ltd    0750   BMG2161E1113

CHINA SINGYES SOLAR TECHNOLOGS HLDGS LTD

(0750)
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China Singyes Solar Technologs Hldgs : Announcements and Notices - Inside Information Updates on Proposed Offshore Debt Restructuring and Continued Suspension of Trading

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08/14/2019 | 11:32am EDT

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.

China Singyes Solar Technologies Holdings Limited

中國 興 業太 陽 能 技術 控 股 有 限公 司

(incorporated in Bermuda with limited liability)

(Stock Code: 750)

INSIDE INFORMATION

UPDATES ON PROPOSED OFFSHORE DEBT RESTRUCTURING

AND

CONTINUED SUSPENSION OF TRADING

This announcement is made by China Singyes Solar Technologies Holdings Limited (the "Company") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcement of the Company dated 19 July 2019 in relation to the restructuring support agreement (the "Announcement"). Capitalised terms used in this announcement shall bear the same meanings as those defined in the Announcement unless the context requires otherwise.

The board of directors of the Company is pleased to announce that holders holding approximately 98.4% of the aggregate outstanding principal amount of the Offshore Notes had acceded to the RSA by the Consent Fee Deadline (i.e. 5:00 p.m. Hong Kong time on 9 August 2019). The Company encourages the remaining bondholders to accede to the RSA which would remain open for accessions until immediately before the Record Time.

The Company will keep the shareholders and potential investors informed on the progress of the Proposed Restructuring as and when appropriate.

- 1 -

CONTINUED SUSPENSION OF TRADING

At the request of the Company, trading in the securities of the Company on the Stock Exchange was suspended with effect from 9:00 a.m. on 1 April 2019 pending the release of the annual results of the Company for the year ended 31 December 2018. Trading in the securities of the Company will remain suspended until further notice. Further announcement(s) will be made by the Company to inform the shareholders and potential investors of any material development as and when appropriate.

Shareholders and investors are reminded to exercise caution when dealing in the securities of the Company.

By Order of the Board

China Singyes Solar Technologies Holdings Limited

Liu Hongwei

Chairman

Hong Kong, 14 August 2019

As at the date of this announcement, the executive Directors are Mr. Liu Hongwei (Chairman), Mr. Xie Wen and Mr. Xiong Shi, the non-executive Directors are Dr. Li Hong and Mr. Zhuo Jianming, and the independent nonexecutive Directors are Dr. Wang Ching, Mr. Yick Wing Fat, Simon and Dr. Tan Hongwei.

- 2 -

Disclaimer

China Singyes Solar Technologies Holdings Ltd. published this content on 14 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2019 15:31:07 UTC

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Hong Wei Liu Chairman & Chief Executive Officer
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