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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Ground International Development Limited    0989   BMG4141P1178

GROUND INTERNATIONAL DEVELOPMENT LIMITED

(0989)
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Ground International Development : SUPPLEMENTAL ANNOUNCEMENT

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09/11/2019 | 09:17am 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.

GROUND INTERNATIONAL DEVELOPMENT LIMITED

廣澤國際發展有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 989)

SUPPLEMENTAL ANNOUNCEMENT

Reference is made to the announcement (the "Announcement") of Ground International Development Limited (the "Company") dated 10 September 2019 in relation to, among other things, the forced sale (the "Forced Sale") of Shares held by the controlling shareholder of the Company. Capitalised terms used herein shall have the same meaning as those defined in the Announcement unless the context requires otherwise.

The Company was further informed by Ms. Cui that regarding the Forced Sale by the stockbroker (the "Relevant Broker") mentioned in the Announcement, a total of 7,730,000 Shares (which were placed in securities trading account with margin facilities) held by Charm Success and Ka Yik respectively, representing approximately 0.15% of the total issued share capital of the Company, were involved in the Forced Sale.

Immediately after the completion of the Forced Sale and as at the date of the Announcement, the aggregate percentage interest of Charm Success and Ka Yik in the Company has been reduced from approximately 74.63% to approximately 74.48% of the total issued share capital of the Company.

The Company was also advised by Ms. Cui that the margin financing arrangements between the Relevant Broker and each of Charm Success and Ka Yik, respectively, have been terminated and the outstanding amounts under the said arrangements have been fully settled, and the security created over the Shares deposited with the Relevant Broker has been fully discharged.

By order of the Board

Ground International Development Limited

Cui Xintong

Chairperson

Hong Kong, 11 September 2019

As at the date of this announcement, the executive Directors are Ms. Cui Xintong and Ms. Liu Hongjian; the non-executive Director is Mr. Cong Peifeng and the independent non-executive Directors are Mr. Tsang Hung Kei, Mr. Zhu Zuoan and Mr. Wang Xiaochu.

Disclaimer

Ground International Development Limited published this content on 11 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 September 2019 13:16:06 UTC

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Financials (HKD)
Sales 2019 -
EBIT 2019 -
Net income 2019 -
Debt 2019 -
Yield 2019 -
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P/E ratio 2020 -
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Capi. / Sales2020 -
Capitalization 506 M
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NameTitle
Xin Tong Cui Chairman
Man Kit Ng CFO, Secretary & Director-Investor Relations
Pei Feng Cong Non-Executive Director
Zuoan Zhu Independent Non-Executive Director
Hong Jian Liu Executive Director
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