Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  PanAsialum Holdings Company Limited    2078   KYG688451098

PANASIALUM HOLDINGS COMPANY LIMITED

(2078)
  Report  
SummaryChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

PanAsialum : Circulars - Proposals for General Mandates to Issue and Buy Back Shares, Extension of the General Mandate to Issue Shares, Re-election of Directors, and Notice of Annual General Meeting

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/23/2019 | 05:13am EST

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your licensed securities dealer, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or transferred all your shares in PanAsialum Holdings Company Limited, you should at once hand this circular, together with the enclosed form of proxy, to the purchaser or transferee or to the bank, licensed securities dealer or other agent through whom the sale or transfer was effected for transmission to the purchaser(s) or transferee(s).

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, 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 circular.

PanAsialum Holdings Company Limited

榮 陽 實 業 集 團 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 2078)

PROPOSALS FOR GENERAL MANDATES TO ISSUE AND

BUY BACK SHARES,

EXTENSION OF THE GENERAL MANDATE TO ISSUE SHARES,

RE-ELECTION OF DIRECTORS,

AND

NOTICE OF ANNUAL GENERAL MEETING

A notice of the Annual General Meeting to be held at élan 220, 3rd Floor, L'hotel élan, 38 Chong Yip Street, Kwun Tong, Kowloon, Hong Kong, on Thursday, 27 June 2019 at 3:00 p.m. is set out on pages 13 to 16 of this circular. A form of proxy for use by the Shareholders at the Annual General Meeting is also enclosed in this circular. Such form of proxy is also published on the websites of Hong Kong Exchanges and Clearing Limited (www.hkexnews.hk) and the Company (www.palum.com).

Whether or not you intend to attend and vote at the Annual General Meeting in person, please complete the form of proxy in accordance with the instructions printed thereon and return it to the Hong Kong branch share registrar of the Company, Computershare Hong Kong Investor Services Limited of 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong as soon as possible but in any event not later than 48 hours before the time appointed for the holding of the Annual General Meeting. Completion and return of the form of proxy will not preclude you from attending and voting in person at the Annual General Meeting or any adjournment thereof should you so wish.

Hong Kong, 24 May 2019

CONTENTS

Page

DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1-2

LETTER FROM THE BOARD . . . . . . . . . . . . . . . . . . . . . . . .

3-6

INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

GENERAL MANDATE TO BUY BACK SHARES . . . . . . . . . . . . . . . . .

4

GENERAL MANDATE TO ISSUE SHARES . . . . . . . . . . . . . . . . . . .

4

EXTENSION OF THE ISSUE MANDATE . . . . . . . . . . . . . . . . . . . .

4

RE-ELECTION OF DIRECTORS . . . . . . . . . . . . . . . . . . . . . . .

5

ANNUAL GENERAL MEETING . . . . . . . . . . . . . . . . . . . . . . .

5-6

RECOMMENDATION . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

RESPONSIBILITY STATEMENT . . . . . . . . . . . . . . . . . . . . . . .

6

GENERAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

APPENDIX I - EXPLANATORY STATEMENT FOR

THE BUY BACK MANDATE . . . . . . . . . . . . . . . . .

7-9

APPENDIX II - DETAILS OF THE DIRECTORS

TO BE RE-ELECTED . . . . . . . . . . . . . . . . . . . .

10-12

NOTICE OF ANNUAL GENERAL MEETING . . . . . . . . . . . . . . . . . .

13-16

DEFINITIONS

In this circular, the following expressions shall have the following meanings unless the context indicates otherwise:

"Annual General Meeting"

the annual general meeting of the Company to be held at élan

220, 3rd Floor, L'hotel élan, 38 Chong Yip Street, Kwun Tong,

Kowloon, Hong Kong on Thursday, 27 June 2019 at 3:00 p.m., or

any adjournment thereof;

"Articles"

the articles of association of the Company as may be amended

from time to time;

"Board"

the board of Directors;

"Buy Back Mandate"

a general and unconditional mandate to buy back fully paid up

Shares of up to 10% of the aggregate number of the issued Shares

as at the date of passing of the ordinary resolution in relation

thereto;

"Companies Law"

the Companies Law, Cap. 22 (Law 3 of 1961, as consolidated and

revised) of the Cayman Islands, as amended, supplemented or

otherwise modified from time to time;

"Company"

PanAsialum Holdings Company Limited, an exempted company

incorporated in the Cayman Islands with limited liability, and the

securities of which are listed on the Main Board of the Exchange;

"close associate(s)" or

has the same meaning as ascribed to it under the Listing Rules;

"core connected person(s)"

"Directors"

the directors of the Company;

"Easy Star"

Easy Star Holdings Limited;

"Extension Mandate"

a general and unconditional mandate proposed to be granted to

the Directors to the effect that the aggregate number of issued

shares of the Company bought back under the Buy Back Mandate

will be added to the total number of shares of the Company which

may be allotted, issued and dealt with under the Issue Mandate;

"Group"

the Company and its subsidiaries;

"Hong Kong"

the Hong Kong Special Administrative Region of the People's

Republic of China;

"HK$"

Hong Kong dollar, the lawful currency of Hong Kong;

1

DEFINITIONS

"Issue Mandate"

a general and unconditional mandate to allot, issue or otherwise

deal with Shares with an aggregate number not exceeding 20% of

the aggregate number of the issued Shares as at the date of

passing of the ordinary resolution in relation thereto;

"Latest Practicable Date"

21 May 2019, being the latest practicable date prior to the

printing of this circular for ascertaining certain information

contained herein;

"Listing Rules"

the Rules Governing the Listing of Securities on the Exchange;

"SFO"

the Securities and Futures Ordinance (Chapter 571 of the Laws of

Hong Kong) as amended from time to time;

"Share(s)"

the ordinary share(s) of HK$0.10 each in the share capital of the

Company;

"Shareholder(s)"

the holder(s) of the Share(s);

"Exchange"

The Stock Exchange of Hong Kong Limited;

"Takeovers Code"

Code on Takeovers and Mergers and Share Buy-backs;

"%"

per cent.

2

LETTER FROM THE BOARD

PanAsialum Holdings Company Limited

榮 陽 實 業 集 團 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 2078)

Executive Directors:

Registered office:

Dr. Huang Gang (Chairman)

Cricket Square

Mr. Wong Kwok Wai Eddy (Joint Chief Executive Officer)

Hutchins Drive

Ms. Li Jiewen (Joint Chief Executive Officer)

P.O. Box 2681

Grand Cayman KY1-1111

Independent non-executive Directors:

Cayman Islands

Mr. Mar Selwyn

Mr. Leung Ka Tin

Headquarter and principal place of

Dr. Cheung Wah Keung

business in Hong Kong:

Unit 06, 28/F,

Nanyang Plaza,

57 Hung To Road,

Kwun Tong,

Kowloon,

Hong Kong

24 May 2019

To the Shareholders

Dear Sir/Madam,

PROPOSALS FOR GENERAL MANDATES TO ISSUE AND

BUY BACK SHARES,

EXTENSION OF THE GENERAL MANDATE TO ISSUE SHARES,

RE-ELECTION OF DIRECTORS,

AND

NOTICE OF ANNUAL GENERAL MEETING

INTRODUCTION

The purpose of this circular is to provide you with information regarding resolutions to be proposed at the Annual General Meeting relating to (i) the granting to the Directors the Buy Back Mandate; (ii) the granting to the Directors the Issue Mandate; (iii) the extension of the Issue Mandate to include Shares bought back pursuant to the Buy Back; and (iv) the re-election of retiring Directors.

3

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

PanAsialum Holdings Company Limited published this content on 23 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 May 2019 09:12:04 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PANASIALUM HOLDINGS COMPAN
09/13PANASIALUM : Notification Letter to Non-Registered Holders - Notice of Publicati..
PU
09/13PANASIALUM : Notification Letter to Shareholders - Notice of Publication of 2019..
PU
06/27PANASIALUM : Announcements and Notices - Poll Results of Annual General Meeting ..
PU
06/13PANASIALUM : Announcements and Notices - Profit Warning
PU
06/06PANASIALUM : Announcements and Notices - Investment Agreement
PU
05/23PANASIALUM : Circulars - Notification Letter to Non-registered Holders - Notice ..
PU
05/23PANASIALUM : Circulars - Notification Letter to Shareholders - Notice of Publica..
PU
05/23PANASIALUM : Circulars - Proposals for General Mandates to Issue and Buy Back Sh..
PU
05/23PANASIALUM : Form of Proxy for the Annual General Meeting (or Any Adjournment Th..
PU
05/23PANASIALUM : Announcements and Notices - Notice of Annual General Meeting
PU
More news
Financials (HKD)
Sales 2019 -
EBIT 2019 -
Net income 2019 -
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020 -
Capi. / Sales2019 -
Capi. / Sales2020 -
Capitalization 594 M
Chart PANASIALUM HOLDINGS COMPANY LIMITED
Duration : Period :
PanAsialum Holdings Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PANASIALUM HOLDINGS COMPAN
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 0,50  
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers
NameTitle
Jie Wen Li Chief Executive Officer & Executive Director
Wah Keung Cheung Independent Non-Executive Chairman
Kwok Wai Wong Executive Director & Chief Commercial Officer
Selwyn Mar Independent Non-Executive Director
Ka Tin Leung Independent Non-Executive Director