CHINA SOLAR ENERGY HOLDINGS LTD 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.
CHINA SOLAR ENERGY HOLDINGS LIMITED中國源暢光電能源控股有限公司*
(Provisional Liquidators Appointed) (Incorporated in Bermuda with limited liability) (Stock Code: 155) UPDATE ON STATUS OF THE COMPANYThis announcement is made by China Solar Energy Holdings Limited (Provisional Liquidators Appointed) (the "Company") pursuant to Rule 13.09 of the Listing Rules and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance.
References are made to the announcements of the Company dated 22 December 2015, 12 February 2016, 19 February 2016, 18 March 2016, 25 May 2016, 31 May 2016 and 26 August 2016 relating to, among others, the listing status of the Company and the announcements of the Company dated 5 September 2016, 5 December 2016 and 17 February 2017 relating to, among others, the Sale and Purchase Agreement (as supplemented by the supplemental sale and purchase agreement dated 14 February 2017), the Restructuring Agreement (as supplemented by the supplemental restructuring agreements dated 30 November 2016 and 14 February 2017) and the New Resumption Proposal (the "Announcements"). Capitalized terms used herein shall have the same meaning as those defining in the Announcements unless specified otherwise.
As disclosed in the announcement of the Company dated 5 September 2016, as one or more of the relevant percentage ratios in respect of the Proposed Acquisition under Chapter 14 of the Listing Rules is over 100%, the Proposed Acquisition constitutes a very substantial acquisition under Chapter 14 of the Listing Rules.
Pursuant to a letter dated 26 September 2016 from the Stock Exchange to the Company, the Stock Exchange considered that the Resumption Proposal is an attempt to relist the Company by injecting solar energy power plants to the Company and would constitute a reverse takeover subject to new listing requirements.
* For identification purpose only
On 14 February 2017, the Company submitted the New Resumption Proposal to the Stock Exchange, and on 24 February 2017, the Company made a new listing application in relation to the New Resumption Proposal to the Stock Exchange (the "New Listing Application"). Further announcement(s) will be made by the Company on major development relating to the New Resumption Proposal, the New Listing Application and status of the Company as and when appropriate.
At the request of the Company, trading in the Shares on the Stock Exchange was suspended with effect from 1:00 p.m. on 16 August 2013 and will remain suspended until further notice. Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.
For and on behalf of
China Solar Energy Holdings Limited (Provisional Liquidators Appointed) Stephen Liu Yiu Keung and Andrew Koo Chi HoJoint and Several Provisional Liquidators
Hong Kong, 27 February 2017
As at the date of this announcement, the Board comprises Ms. Lam Po Ling Pearl and Mr. Xie Xin Ye as executive Directors.
China Solar Energy Holdings Limited published this content on 27 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 February 2017 12:47:14 UTC.
Original documenthttp://www.chinasolar-energy.com/images/stories/pdf/E-20170227 Ann.pdf
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