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.
(Stock Code: 1313)
CHANGE IN DIRECTOR'S INFORMATION
The board of directors of China Resources Cement Holdings
Limited (the "Company") has been made aware of the
announcements published by Titan Petrochemicals Group Limited
("Titan"), a company incorporated in Bermuda and listed on
the Main Board of The Stock Exchange of Hong Kong Limited
(the "Stock Exchange") (Stock Code: 1192), dated 18 March, 12
July, 20 July, 2 August, 7 August, 15 August and 17 August
2012 respectively (collectively, the "Titan Announcements").
According to the Titan Announcements, on 9 July 2012 (Bermuda
time), Saturn Petrochemical Holdings Limited ("SPHL") served
on Titan a petition (the "Petition") at the Supreme Court of
Bermuda for an order, amongst other things, to wind up and to
appoint a provisional liquidator against Titan. At the first
hearing of the petition on 16 August 2012 (Bermuda time), the
court has, amongst other things, adjourned the hearing of the
Petition to 5 September 2012 (Bermuda time). Mr. SHEK Lai Him
Abraham, an independent non-executive director of the
Company, has been an independent non-executive director of
Titan since 27 February
2006.
According to the 2011 Annual Report of Titan, it is a
provider of oil logistic and marine services in the Asia
Pacific region, in particular, in China and, together with
its subsidiaries, operates onshore and offshore storage
facilities and a multi-functional ship-repair and
shipbuilding yard. As disclosed in the Titan Announcements,
the Petition is in relation to a notice to Titan from SPHL to
redeem all of the outstanding convertible redeemable
preferred shares issued by Titan and held by SPHL at a
redeemable amount equal to the notional value of those shares
(being HK$310.8 million) together with any accrued and unpaid
dividends. To the best knowledge of Mr. SHEK, the Petition is
in relation to the redemption of the abovementioned
convertible redeemable preferred shares of Titan. Mr. SHEK
confirms that he is not in a position to indicate the outcome
of the Petition. The board of directors of the Company has no
information on the abovementioned matter other than those set
out in the Titan Announcements.
This announcement is made pursuant to Rule 13.51B(2) of the
Rules Governing the Listing of Securities on the Stock
Exchange (the "Listing Rules"). The Company will make further
announcements as and when appropriate pursuant to the
requirements under the Listing Rules.
By order of the Board
Chairman
Hong Kong, 3 September 2012
As at the date of this announcement, the executive directors are Mr. ZHOU Longshan, Mr. PAN Yonghong, Mr. YU Zhongliang and Mr. LAU Chung Kwok Robert; the non-executive directors are Mr. DU Wenmin, Mr. WEI Bin, Mr. HUANG Daoguo and Mr. CHEN Ying; and the independent non-executive directors are Mr. IP Shu Kwan Stephen, Mr. SHEK Lai Him Abraham, Mr. XU Yongmo, Madam ZENG Xuemin and Mr. LAM Chi Yuen Nelson.
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