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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Glass Holdings Limited    3300   BMG2111H1236

CHINA GLASS HOLDINGS LIMITED

(3300)
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China Glass : SUPPLEMENTAL ANNOUNCEMENT - DISCLOSEABLE TRANSACTIONS - FINANCE LEASE ARRANGEMENTS

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08/14/2020 | 04:38am 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 GLASS HOLDINGS LIMITED

中 國 玻 璃 控 股 有 限 公 司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 3300)

SUPPLEMENTAL ANNOUNCEMENT

DISCLOSEABLE TRANSACTIONS

FINANCE LEASE ARRANGEMENTS

Reference is made to the announcement of China Glass Holdings Limited (the "Company") dated 31 July 2020 (the "Announcement") in relation to the Finance Lease Arrangements. Capitalised terms used herein shall have the same meanings as those defined in the Announcement unless otherwise defined.

This announcement is made to provide supplemental information on the identity of

the ultimate beneficial owners of the Lessor as referred to in the Announcement. The Lessor, CRCC Financial Leasing Co., Ltd.(中鐵建金融租賃有限公司), is a limited

liability company incorporated in the PRC and is principally engaged in financial leasing business in the PRC. The Lessor is (i) a 50%-owned associated company of China Railway Construction Corporation Limited, a company listed on both the main board of the Stock Exchange (Stock Code: 1186) and the Shanghai Stock Exchange (Stock Code:

601186); (ii) indirectly held as to 20.59% equity interest by China Reinsurance (Group) Corporation(中國再保險(集團)股份有限公司), a company listed on the main

board of the Stock Exchange (Stock Code: 1508); (iii) directly and indirectly held as to 17.65% equity interest by Qingdao TGOOD Electric Co., Ltd.(青島特銳德電氣股份

有限公司), a company listed on the Shenzhen Stock Exchange (Stock Code: 300001);

  1. directly held as to 8.82% equity interest by Tianjin Dongjiang Investment Holding Co. Ltd(天津東疆投資控股有限公司), a state-owned corporation in the PRC; and (v) indirectly held as to 2.94% equity interest by Red phase INC.(紅相股份有限公司), a company listed on the Shenzhen Stock Exchange (Stock Code: 300427).

1

To the best of the Directors' knowledge, information and belief after having made all reasonable enquiries, the Lessor and its ultimate beneficial owners are Independent Third Parties.

By Order of the Board

China Glass Holdings Limited

Cui Xiangdong

Executive Director

Hong Kong, 14 August 2020

As at the date of this announcement, the directors of the Company are as follows:

Executive Director:

Mr. Cui Xiangdong

Non-executive Directors:

Mr. Peng Shou (Chairman) ; Mr. Zhao John Huan; Mr. Zhou Cheng (Honorary Chairman) ; and Mr. Zhang Jinshu

Independent Non-executive Directors:

Mr. Zhang Baiheng; Mr. Zhao Lihua; and Mr. Chen Huachen

  • For identification purpose only

2

Disclaimer

China Glass Holdings Limited published this content on 14 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2020 08:37:06 UTC


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Financials
Sales 2019 2 369 M 355 M 355 M
Net income 2019 82,6 M 12,4 M 12,4 M
Net Debt 2019 2 738 M 410 M 410 M
P/E ratio 2019 8,52x
Yield 2019 4,31%
Capitalization 655 M 98,1 M 98,1 M
EV / Sales 2018 1,20x
EV / Sales 2019 1,44x
Nbr of Employees 3 497
Free-Float 51,7%
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Managers
NameTitle
Guo Lu Chief Executive Officer
Shou Peng Chairman
Li Ming Han Chief Finance Officer
Jian Xun Wang Chief Technology Officer
Cheng Zhou Non-Executive Director
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