Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Peking University Resources (Holdings) Company Limited    618   BMG6982M1038

PEKING UNIVERSITY RESOURCES (HOLDINGS) COMPANY LIMITED

(618)
  Report
SummaryChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Peking University Resources : GENERAL DISCLOSURE UNDER RULE 13.18 OF THE LISTING RULES

10/22/2019 | 04:40am 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.

Peking University Resources (Holdings) Company Limited

北大資源(控股)有限公司

(Incorporated in Bermuda with limited liability)

(Stock code: 00618)

GENERAL DISCLOSURE

UNDER RULE 13.18 OF THE LISTING RULES

This announcement is made by the board of directors (the "Board") of Peking University Resources (Holdings) Company Limited (the "Company") in compliance with the disclosure requirements under Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

On 22 October 2019, the Company (as borrower) signed a facility agreement (the "Facility Agreement") with a financial institution for a facility up to an aggregate amount of USD15,000,000 (the "Facility") for a term of 364 days following the utilisation date.

Under the Facility Agreement, a mandatory prepayment event occurs if, among other things:

  1. Founder Information (Hong Kong) Limited (香港方正資訊有限公司) ("Founder Information") ceases to (i) directly or indirectly own and hold not less than 51% of the outstanding shares of the Company; (ii) directly or indirectly remain as the single largest shareholder of the Company; or (iii) have the ability to appoint and/or remove all or majority of the members of the Board; or
  2. the financial statements of the Company ceases to be consolidated with the financial statements of Founder Information under Hong Kong Financial Reporting Standards; or
  3. Peking University Resources Group Co. Ltd* (北大資源集團有限公司) ("PKU Resources") and its subsidiaries together cease to directly or indirectly own and hold not less than 51% of the outstanding shares of Founder Information; or
  4. Peking University Asset Management Company Limited* (北大資產經營有限公司) ceases to directly or indirectly control PKU Resources.

- 1 -

The financial institution will have the power to declare the commitments to be cancelled and/ or declare all outstanding loans together with interest accrued and all other sums payable by the Company immediately due and payable.

The Company will make continuing disclosure in its subsequent interim and annual reports for so long as the Specific Performance Obligation continues to exist pursuant to the requirements of Rule 13.21 of the Listing Rules.

By Order of the Board

Peking University Resources (Holdings) Company Limited

Cheung Shuen Lung

Chairman

Hong Kong, 22 October 2019

As at the date of this announcement, the Board comprises executive Directors of Mr Cheung Shuen Lung (Chairman), Mr Zeng Gang (President), Ms Sun Min, Mr Ma Jian Bin, Ms Liao Hang and Mr Zheng Fu Shuang, and the independent non-executive Directors of Mr Li Fat Chung, Ms Wong Lam Kit Yee and Mr Chan Chung Kik, Lewis.

  • For identification purposes only

- 2 -

Disclaimer

Peking University Resources (Holdings) Co. Ltd. published this content on 22 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2019 08:39:04 UTC


© Publicnow 2019
All news about PEKING UNIVERSITY RESOURCES (HOLDINGS) COMPANY LIMITED
2020Peking University Shares Slide 5% as Controlling Shareholder Gets Hit with Wi..
MT
2020PEKING UNIVERSITY RESOURCES : Poll results of the special general meeting held o..
PU
2020PEKING UNIVERSITY RESOURCES : Inside information
PU
2020PEKING UNIVERSITY RESOURCES : Exchange notice - resumption of trading
PU
2020PEKING UNIVERSITY RESOURCES : Inside information and resumption of trading
PU
2020PEKING UNIVERSITY RESOURCES : Inside information announcement on notification le..
PU
2020PEKING UNIVERSITY RESOURCES : Inside information announcement on notification le..
PU
2020PEKING UNIVERSITY RESOURCES : Postponement of special general meeting, re-openin..
PU
2019China Cinda Asset offers about $1 bln liquidity support to Peking Founder - s..
RE
2019China's Peking Founder seeks bond repayment delay to February 2020 - sources
RE
More news
Financials
Sales 2019 24 132 M 3 728 M 3 728 M
Net income 2019 -2 422 M -374 M -374 M
Net Debt 2019 12 430 M 1 920 M 1 920 M
P/E ratio 2019 -0,54x
Yield 2019 -
Capitalization 504 M 77,8 M 77,9 M
EV / Sales 2018 0,49x
EV / Sales 2019 0,56x
Nbr of Employees 975
Free-Float 27,8%
Chart PEKING UNIVERSITY RESOURCES (HOLDINGS) COMPANY LIMITED
Duration : Period :
Peking University Resources (Holdings) Company Limited Technical Analysis Chart | 618 | BMG6982M1038 | MarketScreener
Income Statement Evolution
Managers and Directors
NameTitle
Gang Zeng President & Executive Director
Shuen Lung Cheung Executive Chairman
Fu Shuang Zheng Executive Director
Min Sun Executive Director
Hang Liao Executive Director
Sector and Competitors