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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  DreamEast Group Limited    593   BMG8201D1204

DREAMEAST GROUP LIMITED

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SkyOcean : CHANGE IN BOARD LOT SIZE (in PDF)

12/18/2014 | 05:53pm EST

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.

SKYOCEAN INTERNATIONAL HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 593) CHANGE IN BOARD LOT SIZE

The Board announces that the board lot size for trading in the Shares on the Stock Exchange will be changed from 2,000 Shares to 500 Shares with effect from 9:00 a.m. on Tuesday, 13 January 2015. Shareholders may submit their Existing Share Certificates in board lots of 2,000 Shares each to the Share Registrar in exchange for New Share Certificates in board lots of 500 Shares each free of charge during business hours from Monday, 29 December 2014 to Wednesday, 4 February 2015 (both days inclusive).

The Board announces that the board lot size for trading in the ordinary shares of par value of HK$0.10 each in the share capital of the Company on the Stock Exchange will be changed from 2,000 Shares to 500 Shares with effect from 9:00 a.m. on Tuesday, 13 January 2015.
The Shares are currently traded in board lots of 2,000 Shares each and the market value per each board lot of the Shares (based on the closing price of HK$8.10 per Share as quoted on the Stock Exchange as at the date of this announcement) is HK$16,200. Upon the change in board lot size becoming effective, the Shares will be traded in board lots of 500 Shares each and the estimated market value per each board lot of the Shares will be HK$4,050 (based on the closing price of HK$8.10 per Share as quoted on the Stock Exchange as at the date of this announcement).
The change in board lot size will not result in any change in the relative rights of the holders of the Shares. With the smaller board lot size, it is expected that the trading liquidity in the Shares will be improved and it will facilitate the trading in the Shares.
As it is expected that no odd lot of the Shares will be created as a result of the change in board lot size of the Shares, no odd lot arrangement to match the sales and purchases of odd lots will be made.
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EXPECTED TIMETABLE FOR THE CHANGE IN BOARD LOT SIZE

Set out below is the expected timetable for the change in board lot size of the Shares where all times and dates refer to Hong Kong local times and dates:
First day for free exchange of Existing Share Certificates in board lots of 2,000 Shares each for
New Share Certificates in board lots
of 500 Shares each .................................... Monday, 29 December 2014
Last day for trading of the Shares in board lots
of 2,000 Shares each in the original counter ................ Monday, 12 January 2015
Effective date of the change in board lot size
from 2,000 Shares to 500 Shares .......................... Tuesday, 13 January 2015
Original counter for trading in the Shares in board lots of
2,000 Shares each becomes counter for trading
in the Shares in board lots of 500 Shares each .......................... 9:00 a.m. on
Tuesday, 13 January 2015
Temporary counter for trading in the Shares
in board lots of 2,000 shares each opens ............................... 9:00 a.m. on
Tuesday, 13 January 2015
Parallel trading in the Shares (in board lots of 2,000 Shares each
and board lots of 500 Shares each) commences ......................... 9:00 a.m. on
Tuesday, 13 January 2015
Temporary counter for trading in the Shares
in board lots of 2,000 shares each closes ............................... 4:00 p.m. on
Monday, 2 February 2015
Parallel trading in the Shares (in board lots of 2,000 Shares each
and board lots of 500 Shares each) ends ............................... 4:00 p.m. on
Monday, 2 February 2015
Last day for free exchange of Existing Share Certificates in board lots of 2,000 Shares each for
New Share Certificates in board lots
of 500 Shares each ................................... Wednesday, 4 February 2015
- 2 -

EXCHANGE OF NEW SHARE CERTIFICATES

Shareholders may submit their Existing Share Certificates to the Hong Kong branch share registrar and transfer office of the Company, Tricor Tengis Limited at Level 22, Hopewell Centre, 183 Queen's Road East, Hong Kong, in exchange for New Share Certificates free of charge during business hours from Monday, 29 December 2014 to Wednesday, 4 February
2015 (both days inclusive). Thereafter, Existing Share Certificates will be accepted for exchange only on payment of a fee of HK$2.50 (or such higher amount as may from time to time be specified by the Stock Exchange) for each New Share Certificate issued or each Existing Share Certificate submitted, whichever number of share certificate involved is higher. It is expected that the New Share Certificates will be available for collection from the Share Registrar by the Shareholders within 10 business days after delivery of the Existing Share Certificates to the Share Registrar for exchange purpose. With effect from Tuesday, 13
January 2015, any share certificates will be issued in board lots of 500 Shares each (except for odd lots or where the Share Registrar is otherwise instructed). All Existing Share Certificates will continue to be good evidence of legal title to such Shares and continue to be valid for trading, delivery and settlement purposes. Save and except for the change in the number of Shares for each board lot, the New Share Certificates will have the same format and colour as the Existing Share Certificates.

DEFINITIONS

The following expressions in this announcement have the meanings set out below unless the context requires otherwise:
"Board" the board of Directors
"Company" S kyOcean International Holdings Limited, a company incorporated in Bermuda with limited liability, the issued securities of which are listed on the Main Board of the Stock Exchange (stock code: 593 and warrant code: 664)
"Director(s)" the Director(s) of the Company
"Existing Share Certificates" certificates of Shares in board lots of 2,000 Shares
"HK$" Hong Kong dollars, the lawful currency of Hong Kong
"Hong Kong" t h e Hong Kong Special Administrative Region of the
People's Republic of China
- 3 -
"New Share Certificates" certificates of Shares in board lots of 500 Shares
"Share Registrar" Tricor Tengis Limited, the Hong Kong branch share registrar and transfer office of the Company
"Shareholders" holders of the Shares
"Shares" ordinary shares of par value of HK$0.10 each in the share capital of the Company
"Stock Exchange" The Stock Exchange of Hong Kong Limited
By Order of the Board

SKYOCEAN INTERNATIONAL HOLDINGS LIMITED Zhou Zheng

Chairman

Hong Kong, 18 December 2014

As at the date of this announcement, the Board comprises Mr. Zhou Zheng (Chairman and Chief Executive Officer), Ms. Zhou Jin, Mr. Liu Li and Mr. Chan Tak Kwong being the executive Directors, and Mr. Li Chak Hung, Dr. Meng Xiaosu, Mr. Yang Buting and Mr. Zhao Daxin being the independent non-executive Directors.

- 4 -

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© Publicnow 2014
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Sales 2019 120 M 15,5 M 15,5 M
Net income 2019 -200 M -25,8 M -25,8 M
Net Debt 2019 4 983 M 643 M 643 M
P/E ratio 2019 -6,90x
Yield 2019 -
Capitalization 785 M 101 M 101 M
EV / Sales 2018 45,1x
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Free-Float 28,1%
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NameTitle
Zhi Tao Zhou CEO, Executive Director & Authorised Rep
Ru Cang Cao Chairman
Xiao Su Meng Independent Non-Executive Director
Da Xin Zhao Independent Non-Executive Director
Bu Ting Yang Independent Non-Executive Director
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