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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Oceanwide Holdings Limited    715   BMG2117K1045

CHINA OCEANWIDE HOLDINGS LIMITED

(715)
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China Oceanwide : POLL RESULTS OF SPECIAL GENERAL MEETING HELD ON 18 OCTOBER 2019

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10/18/2019 | 05:49am 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.

POLL RESULTS OF SPECIAL GENERAL MEETING

HELD ON 18 OCTOBER 2019

References are made to an announcement dated 30 August 2019, and a circular (the "Circular") and a notice (the "Notice") of special general meeting (the "SGM") both dated 30 September 2019 of China Oceanwide Holdings Limited (the "Company"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as those defined in the Circular.

POLL RESULTS OF THE SGM

The board of directors (the "Board") of the Company is pleased to announce that at the SGM held on 18 October 2019, the resolution set out in the Notice was duly passed by the Independent Shareholders by way of poll.

The poll results in respect of the resolution proposed at the SGM were as follows:

Number of Votes

Ordinary Resolution

(%)

For

Against

the Framework Services Agreement (as defined in the

844,304,075

0

Circular) dated 30 August 2019 entered into between the

(100%)

(0%)

Company and CTIFL (as defined in the Circular), and the

transactions contemplated thereunder (including the

Annual Caps (as defined in the Circular)) be and are

hereby approved, confirmed and ratified, and any one

director (the "Director") of the Company (or where

execution under the common seal of the Company is

required, any two Directors or any one Director and the

secretary of the Company) be authorised to do such acts

and execute such other documents and/or deeds with or

without amendments and/or take all such steps as he/she

may consider necessary, desirable or expedient to carry

out or give effect to or otherwise in connection with the

Framework Services Agreement, any transactions

contemplated thereunder (including the Annual Caps).

1

Notes:

  1. As at the date of the SGM, the total number of Shares in issue was 16,142,653,060 Shares. As stated in the Circular, Oceanwide Holdings and its associates were required to abstain and had abstained from voting on the resolution proposed at the SGM. Oceanwide Holdings and its associates held, in aggregate, 12,098,515,178 Shares, representing approximately 74.95% of the total issued share capital of the Company. Accordingly, the total number of Shares entitling the Independent Shareholders to attend and vote on the resolution proposed at the SGM was 4,044,137,882 Shares, representing approximately 25.05% of the total issued share capital of the Company. Mr. LIU Jipeng, being an independent non-executive director of the Company and CTIFL, held 9,212,000 Shares, representing approximately 0.05% of the total issued share capital of the Company. He had voluntarily abstained from voting on the resolution proposed at the SGM.
  2. There were no Shares entitling the Shareholders to attend and abstain from voting in favour at the SGM as set out in Rule 13.40 of the Listing Rules.
  3. As more than 50% of votes were cast in favor of the above resolution, the resolution was duly passed as ordinary resolution of the Company.
  4. Computershare Hong Kong Investor Services Limited, the Hong Kong branch share registrar of the Company, was appointed as the scrutineer at the SGM for the purpose of vote taking.

By Order of the Board

China Oceanwide Holdings Limited

HAN Xiaosheng

Chairman

Hong Kong, 18 October 2019

As at the date of this announcement, the Board comprises:

Executive Directors:

Independent Non-executive Directors:

Mr. HAN Xiaosheng (Chairman)

Mr. LIU Jipeng

Mr. LIU Bing

Mr. YAN Fashan

Mr. LIU Hongwei

Mr. LO Wa Kei Roy

Mr. ZHANG Xifang

Mr. LIU Guosheng

Non-executive Director:

Mr. ZHAO Yingwei

2

Disclaimer

China Oceanwide Holdings Ltd. published this content on 18 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2019 08:48:02 UTC


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Financials
Sales 2019 113 M 14,6 M 14,6 M
Net income 2019 -58,0 M -7,49 M -7,49 M
Net Debt 2019 12 181 M 1 571 M 1 571 M
P/E ratio 2019 -73,7x
Yield 2019 -
Capitalization 2 518 M 325 M 325 M
EV / Sales 2018 122x
EV / Sales 2019 146x
Nbr of Employees 88
Free-Float 25,0%
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Managers
NameTitle
Xiao Sheng Han Chairman & Chief Executive Officer
Wing Sze Wan Chief Financial Officer
Bing Liu Executive Director
Hong Wei Liu Vice Chairman
Guo Sheng Liu Executive Director