LEE KEE HOLDINGS LIMITED
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.
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 637)
DELAY IN COMPLETION OF THE MAJOR TRANSACTION IN RELATION TO THE PROPOSED ACQUISITION OF THE REMAINING 50%SHAREHOLDING INTEREST
AND SHAREHOLDER'S LOAN IN GENESIS BVI
Reference is made to the announcement dated 26th June 2014 (the "Announcement") and the circular dated 22nd August 2014 of the Company in relation to the Proposed Acquisition. Unless otherwise stated, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.
Delay in Completion of the Proposed Acquisition
Pursuant to the Agreement for Sale and Purchase, Completion is conditional upon satisfaction or, where applicable, waiver of the conditions precedent provided under the Agreement for Sale and Purchase (the "Conditions Precedent"), which according to the terms therein, will take place on the seventh business day after the date on which all such conditions precedent is satisfied or otherwise waived by Lee Kee HK.
It is further provided in the Agreement for Sale and Purchase that if Completion does not take place within three months from the date thereof, being 26th September 2014, Lee Kee HK and the Vendor shall use their reasonable endeavours to negotiate amicably, including but not limited to, postponing the Completion to a later date or terminating the Agreement for Sale and Purchase.
As additional time is required for the satisfaction of certain Conditions Precedent and it is expected that the Completion will not be taking place on 26th September 2014. Lee Kee HK and the Vendor have agreed to postpone the Completion to later date, possibly in October 2014, pursuant to the Agreement for Sale and Purchase. Further announcement will be made by the Company upon Completion.
By order of the Board of CHAN Pak Chung Chairman
Hong Kong, 26th day of September, 2014
As at the date of this announcement, the Directors of the Company are Mr, CHAN Pak Chung, Ms, CHAN Yuen Shan, Clara, Ms, MA Siu Tao, Mr, CHUNG Wai Kwok, Jimmy*, Mr, LEUNG Kwok Keung*, Mr, HU Wai Kwok* and Mr, HO Kwai Ching, Mark*
* lndependent Non-Executive Directors
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