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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Overseas Chinese Town (Asia) Holdings Limited    3366   KYG684581013

OVERSEAS CHINESE TOWN (ASIA) HOLDINGS LIMITED

(3366)
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Overseas Chinese Town Asia : GRANT OF WAIVER FROM STRICT COMPLIANCE WITH RULE 14.41(A) OF THE LISTING RULES

04/08/2021 | 08:24am 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.

Overseas Chinese Town (Asia) Holdings Limited

華僑城(亞洲)控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 03366)

GRANT OF WAIVER FROM STRICT COMPLIANCE WITH

RULE 14.41(A) OF THE LISTING RULES

Reference is made to the announcement of Overseas Chinese Town (Asia) Holdings Limited (the "Company") dated 19 February 2021 in relation to the major transaction of the Company relating to the disposal of Tongcheng-Elong Shares on-market by City Legend, a wholly-owned subsidiary of the Company and the announcements of the Company dated 12 March 2021 and 23 March 2021 in relation to application for grant of waiver from strict compliance of the Rules governing the listing of securities on The Stock Exchange of Hong Kong Limited (the "Announcements"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Announcements.

As disclosed in the Announcements, the Company has applied to the Stock Exchange for a waiver from strict compliance with Rule 14.41(a) of the Listing Rules (the "Waiver").

The Stock Exchange has granted the Waiver to the Company, on the condition that the Company will despatch the Circular to the Shareholders on or before 23 April 2021 and disclose the Waiver by way of an announcement. The Stock Exchange may withdraw or change the Waiver if the Company's situation changes.

By the order of the Board

Overseas Chinese Town (Asia) Holdings Limited

Zhang Dafan

Chairman

Hong Kong, 8 April 2021

- 1 -

As at the date of this announcement, the Board comprises seven Directors, namely: Mr. Zhang Dafan, Ms. Xie Mei and Mr. Lin Kaihua as executive Directors; Mr. Wang Wenjin as non-executive Director; and Ms. Wong Wai Ling, Mr. Lam Sing Kwong Simon and Mr. Chu Wing Yiu as independent non-executive Directors.

- 2 -

Disclaimer

OCT - Overseas Chinese Town (Asia) Holdings Ltd. published this content on 08 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2021 12:23:03 UTC.


© Publicnow 2021
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Financials
Sales 2020 1 307 M 199 M 199 M
Net income 2020 63,8 M 9,73 M 9,73 M
Net Debt 2020 4 534 M 692 M 692 M
P/E ratio 2020 -5,49x
Yield 2020 -
Capitalization 1 053 M 161 M 161 M
EV / Sales 2019 3,61x
EV / Sales 2020 4,25x
Nbr of Employees 314
Free-Float 28,9%
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Managers and Directors
NameTitle
Mei Xie Chief Executive Officer & Executive Director
Fuk Wai Fong Chief Financial Officer & Secretary
Da Fan Zhang Chairman
Wai Ling Wong Independent Non-Executive Director
Sing Kwong Lam Independent Non-Executive Director