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

PEKING UNIVERSITY RESOURCES (HOLDINGS) COMPANY LIMITED

(618)
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Peking University Resources : POLL RESULTS OF THE SPECIAL GENERAL MEETING HELD ON 12 MARCH 2020

03/12/2020 | 03:54am 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)

POLL RESULTS OF THE SPECIAL GENERAL MEETING

HELD ON 12 MARCH 2020

Reference are made to the circular (the "Circular") and the notice of special general meeting (the "SGM") (the "Notice of SGM") both dated 24 January 2020 and the announcement in relation to the postponement of SGM dated 11 February 2020 issued by Peking University Resources (Holdings) Company Limited (the "Company"). Unless the context otherwise requires, capitalized terms used herein shall have the same meaning as those defined in the Circular.

POLL RESULTS OF THE SGM

The Board hereby announces that as less than 50% of the valid votes were cast in favour of the ordinary resolutions to approve the transactions contemplated under the 2019 Master Purchase Agreement and 2019 Master Sales Agreement, the Proposed Annual Caps in relation thereto for the three years ending 31 December 2022 and the authorisation to any one Director in relation thereto, such ordinary resolutions were not passed by the Independent Shareholders at the SGM held on Thursday, 12 March 2020. The Company's branch share registrar in Hong Kong, Tricor Tengis Limited, was appointed as the scrutineer for the vote-taking at the SGM.

- 1 -

The poll results in respect of the ordinary resolutions at the SGM are set out as follows:

ORDINARY RESOLUTIONS

Number of votes (%)

For

Against

1.

To approve the transactions contemplated under

13,585,580

735,003,000

the 2019 Master Purchase Agreement, the Proposed

(1.81%)

(98.19%)

Annual Caps in relation thereto for the three years

ending 31 December 2022 and the authorisation to

any one Director in relation thereto.

2.

To approve the transactions contemplated under the

13,585,580

735,003,000

2019 Master Sales Agreement, the Proposed Annual

(1.81%)

(98.19%)

Caps in relation thereto for the three years ending

31 December 2022 and the authorisation to any one

Director in relation thereto.

Note: The full text of the above ordinary resolutions is set out in the Notice of SGM.

As at the date of the SGM, the total number of issued shares of the Company (the "Shares") was 6,416,155,647 Shares. As set out in the Circular, Founder Information held 3,850,134,407 Shares of the Company and controlled the voting rights of such Shares, representing approximately 60.01% of the issued share capital of the Company as at the date of the SGM, is required to, and did, abstain from voting at the SGM in respect of the ordinary resolutions. As a result, Independent Shareholders holding a total of 2,566,021,240 Shares were entitled to attend and vote on the ordinary resolutions proposed at the SGM. There were no Shares entitling the Shareholders to attend and vote only against the resolutions at the SGM. There were no Shares entitling Independent Shareholders to attend and abstain from voting in favour at the SGM as set out in Rule 13.40 of the Listing Rules. None of the Shareholders has stated their attention in the Circular to vote against the resolutions at the SGM.

By Order of the Board

Peking University Resources (Holdings) Company Limited

Cheung Shuen Lung

Chairman

Hong Kong, 12 March 2020

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.

- 2 -

Disclaimer

Peking University Resources (Holdings) Co. Ltd. published this content on 12 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 March 2020 08:53:08 UTC


© Publicnow 2020
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Financials
Sales 2019 24 132 M 3 723 M 3 723 M
Net income 2019 -2 422 M -374 M -374 M
Net Debt 2019 12 430 M 1 917 M 1 917 M
P/E ratio 2019 -0,54x
Yield 2019 -
Capitalization 477 M 73,7 M 73,5 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
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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
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