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.
This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.
TACK FIORI INTERNATIONAL GROUP LIMITED
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 928)
UPDATE ON SUBSCRIPTION FOR NEW SHARES UNDER THE GENERAL MANDATE
This announcement is made pursuant to Rule 13.09(2)(a) of the Listing Rules and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong). Reference is made to the announcement of the Company dated 21 December 2015 in relation to the Placing and the Subscription (''Announcement''). Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.
The Company wishes to update the Shareholders and its potential investors in relation to the progress of the Subscription. As completion of the Subscription is conditional upon the fulfillment of certain conditions precedent including the granting of the listing approval for the Subscription Shares to be issued upon completion of the Subscription (the ''Listing Approval'') and the Company has failed to obtain the Listing Approval as at the date of this announcement, the Directors have decided not to proceed with the proposed Subscription under the Placing and Subscription Agreement. All rights, obligations and liabilities of the Company and the Vendor in relation to the Subscription shall cease and terminate with immediate effect and neither party shall have any claim against the other in respect of the Subscription.
Notwithstanding the above, the Directors will continue to explore other funding and business opportunities in order to further its development and investment in the healthcare-related online platform business as stated in the Announcement. Further announcement will be made by the Company when and appropriate in compliance with the Listing Rules.
By Order of the Board of
TACK FIORI INTERNATIONAL GROUP LIMITED
Shan Hua
Executive Director
Hong Kong, 4 January 2016
As at the date of this announcement, the Board comprises:
Executive Directors:
Mr. Wang Liang (Chairman)
Dr. Feng Xiaogang Ms. Shan Hua
Independent non-executive Directors:
Mr. Yau Yan Ming, Raymond Mr. Lau Yu
Mr. Zheng Chunlei
Non-executive Director:
Mr. Zhang Bao Yuan
Tack Fiori International Group Limited issued this content on 2016-01-04 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-03 22:35:16 UTC
Original Document: http://www.tackfiori.com/pdf/2016010461249E.pdf
