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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  CNNC International Limited    2302   KYG2352X1262

CNNC INTERNATIONAL LIMITED

(2302)
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CNNC International : Disclosure Pursuant to Rule 13.18 of the Listing Rules

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09/02/2019 | 05:37am 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.

CNNC INTERNATIONAL LIMITED

中核國際有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2302)

DISCLOSURE PURSUANT TO

RULE 13.18 OF THE LISTING RULES

On 2nd September, 2019, China Nuclear International Corporation (the "Borrower") as the borrower, a direct wholly-owned subsidiary of CNNC International Limited (the "Company"), entered into a general banking facility agreement with a banking institution for the purchase of electronic components or other goods acceptable to the bank for its trading business in the amount of up to US$30,000,000 (the "Facility"). The Facility is uncommitted facility and available commitment may be cancelled by the bank at any time. Each drawdown is repayable within 60 days.

Pursuant to the Facility, among other matters, early repayment of the Facility may be required (together with interests accrued thereon and other amounts payable thereunder) if China National Nuclear Corporation (中國核工業集團有限公司) ("CNNC") ceases to be the major shareholder and beneficially own (directly or indirectly) at least 66.72% of the issued share capital of the Company except for the prior written consent from the bank, such consent not be unreasonably withheld. As at the date of this announcement, the Company is owned as to approximately 66.72% by CNNC Overseas Uranium Holding Limited, an indirect wholly- owned subsidiary of CNNC (which is wholly owned by The State-owned Assets Supervision and Administration Commission of the State Council (國務院國有資產監督管理委員會) of

the People's Republic of China).

The Company will make continuing disclosure in its subsequent interim and annual reports for so long as such obligation continues to exist pursuant to the requirements of Rule 13.21 of the Listing Rules.

By Order of the Board

CNNC International Limited

中核國際有限公司 Li Philip Sau Yan Company Secretary

Hong Kong, 2nd September, 2019

As of the date of this announcement, the Board comprises non-executive Director and Chairman, namely, Mr. Yang Chaodong, executive Director and Chief Executive Officer, namely, Mr. Cheng Lei, non- executive Director, namely, Mr. Li Zhihuang and independent non-executive Directors, namely, Mr. Cheong Ying Chew Henry, Mr. Cui Liguo and Mr. Zhang Lei.

Disclaimer

CNNC International Ltd. published this content on 02 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 September 2019 08:36:36 UTC


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Financials
Sales 2019 3 170 M 409 M 409 M
Net income 2019 -219 M -28,3 M -28,3 M
Net Debt 2019 441 M 56,9 M 56,9 M
P/E ratio 2019 -6,69x
Yield 2019 -
Capitalization 905 M 117 M 117 M
EV / Sales 2018 0,59x
EV / Sales 2019 0,60x
Nbr of Employees 23
Free-Float 33,3%
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Managers
NameTitle
Yi Zhang Chief Executive Officer & Executive Director
Jie Zhong Non-Executive Chairman
Lei Zhang Independent Non-Executive Director
Li Guo Cui Independent Non-Executive Director
Yee Hoi Chan Independent Non-Executive Director
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