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    1328   KYG4090W1134

GOLDSTREAM INVESTMENT LIMITED

(1328)
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International Elite : UPDATE ANNOUNCEMENT - POSSIBLE UNCONDITIONAL MANDATORY CASH GENERAL OFFER 【PDF file】

11/23/2018 | 08:00am EDT

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

This joint announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company nor is it a solicitation of any vote or approval in any jurisdiction.

HONY GOLD HOLDINGS, L.P.

INTERNATIONAL ELITE LTD.

(Established in the Cayman Islands

ၚߵ਷ყϞࠢʮ̡

with limited liability)

(Incorporated in the Cayman Islands

with limited liability)

(Stock code: 1328)

UPDATE ANNOUNCEMENT

POSSIBLE UNCONDITIONAL MANDATORY CASH GENERAL OFFER

References are made to (i) the announcements jointly issued by the Offeror and the Company dated 30 July 2018, 20 August 2018 and 24 October 2018 (collectively the "Joint Announcements"); (ii) the circular issued by the Company dated 31 August 2018; and (iii) the announcement issued by the Company dated 24 September 2018. Unless otherwise stated, capitalised terms used in this joint announcement shall have the same meanings as those defined in the Joint Announcements.

As set out in the Joint Announcements, the Offer will only be made if the SPA Completion takes place and the SPA Completion is conditional upon the fulfilment or waiver (where applicable) of certain conditions under the SPA. The SPA Completion shall be inter-conditional on and take place contemporaneously with the completion of the Sell Down and the transactions contemplated under the Disposal Agreement and the Acquisition Agreement (which is conditional on, among other things, the obtaining of the approval by the licensing division of SFC (the "Licensing Approval") for the Company (or its nominee) to become a substantial shareholder of each of Goldstream Capital and Goldstream Securities). The Licensing Approval was granted by the licensing division of SFC on 21 November 2018. As of the date of this jointannouncement, save for conditions (a), (b), (d), (j), (k) and (l) which have been fulfilled, none of conditions (c), (e) to (i) and (m) to the SPA has beenfulfilled (or, where applicable, waived). The Offeror and the Company will continue to work towards satisfaction of the remaining conditions and it is expected that completion of the SPA will take place before 30 November 2018. Further announcement will be made as soon as practicable when completion of the SPA takes place.

WARNING: DESPITE THE DEVELOPMENTS AS SET OUT IN THE JOINT ANNOUNCEMENTS AND IN THIS JOINT ANNOUNCEMENT, THE OFFER IS STILL A POSSIBILITY ONLY. THE OFFER WILL ONLY BE MADE IF THE SPA COMPLETION TAKES PLACE AND THE SPA COMPLETION IS CONDITIONAL UPON FULFILLMENT OR WAIVER (WHERE APPLICABLE) OF CERTAIN CONDITIONS UNDER THE SPA. ACCORDINGLY, THE OFFER MAY OR MAY NOT BE MADE. SHAREHOLDERS AND POTENTIAL INVESTORS ARE THEREFORE ADVISED TO EXERCISE CAUTION WHEN DEALING IN THE SECURITIES OF THE COMPANY.

By Order of the board

By Order of the Board of

of directors of

International Elite Ltd.

Hony Gold GP Limited

Li Kin Shing

on behalf of

Chairman

Hony Gold Holdings, L.P.

Hong Kong, 23 November 2018

As at the date of this joint announcement, the executive Directors are Mr. Li Kin Shing, Ms. Li Yin, Mr. Wong Kin Wa and Mr. Li Wen and the independent non-executive Directors are Mr. Chen Xue Dao, Mr. Cheung Sai Ming and Mr. Liu Chun Bao.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than the information relating to the Offeror, their respective associates and parties acting in concert with them), and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than those expressed relating to the Offeror, their respective associates and parties acting in concert with them) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement contained in this joint announcement misleading.

As at the date of this joint announcement, the directors of the Offeror's general partner, Hony Gold GP Limited, are Mr. Yuan Bing and Ms. Chan Juley Lai.

The directors of the Offeror's general partner jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than the information relating to the Group, Global Link, their respective associates and parties acting in concert with them), and confirm, having made all reasonable enquires, that to the best of their knowledge, opinions expressed in this joint announcement (other than those expressed relating to the Group, Global Link, their respective associates and parties acting in concert with them) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement contained in this joint announcement misleading.

The English text of this joint announcement shall prevail over its Chinese text.

Disclaimer

International Elite Ltd. published this content on 23 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 November 2018 13:00:01 UTC


© Publicnow 2018
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Financials
Sales 2020 384 M 49,5 M 49,5 M
Net income 2020 17,3 M 2,22 M 2,22 M
Net cash 2020 307 M 39,5 M 39,5 M
P/E ratio 2020 86,0x
Yield 2020 -
Capitalization 1 021 M 131 M 131 M
EV / Sales 2019 3,06x
EV / Sales 2020 3,01x
Nbr of Employees 2 293
Free-Float 17,8%
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Tun Lin Chief Executive Officer & Executive Director
Tsan Fai Lam Chief Operating & Financial Officer
Ling Huan Zhao Chairman
Heng Heng Qian Head-Information Technology
Kin Ping Lee Independent Non-Executive Director
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