HENG XIN CHINA HOLDINGS LIMITED 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 appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.
Heng X in China Holdings Limited恒 芯 中 國 控 股 有 限 公 司*
(Incorporated in Bermuda with limited liability)
(Stock code: 8046)
EXTENSION OF LONG STOP DATE FOR COMPLETION OF THE FIRST SUBSCRIPTION AGREEMENT IN RELATION TO THE ISSUE OF 166,600,000 NEW SHARES UNDER GENERAL MANDATE
Reference is made to the announcement of Heng Xin China Holdings Limited (the "Company") dated 18 December 2014 (the "Announcement") in relation to, among other matters, the subscription of 166,600,000 new Shares at the Subscription Price of HK$0.12 per Subscription Share under General Mandate pursuant to the First Subscription Agreement dated 18 December
2014 entered into between the Company and the First Subscriber.
Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement unless the context otherwise requires.
As provided in the First Subscription Agreement, completion of the First Subscription shall take place on the date falling two Business Days after the date on which the conditions of the First Subscription Agreement are fulfilled, but in any event no later than the Long Stop Date (being
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the day falling 21 Business Days after the date of the First Subscription Agreement i.e. 21
January 2015, or such other date as may be mutually agreed between the parties).
On 19 January 2015, the Company and the First Subscriber have agreed in writing to extend the Long Stop Date to 30 January 2015, being the day falling 28 Business Days after the date of the First Subscription Agreement (or such later date as may be agreed between the Company and the First Subscriber) as additional time is required for fulfilment of the conditions precedent set out in the First Subscription Agreement. The Board considers that the extension of the Long Stop Date would be in the interest of the Company and the Shareholders as a whole. Save and except for the aforesaid extension of the Long Stop Date, all other terms of the First Subscription Agreement shall remain unchanged and continue in full force and effect.
By Order of the Board
HENG XIN CHINA HOLDINGS LIMITED Xiao YanChief Executive Officer
Hong Kong, 19 January 2015
As at the date of this announcement, the Board comprises Mr. Xiao Yan (Chief Executive Officer), Mr. Qiu Bin, Mr. Li Tao and Mr. Wang Kun as executive Directors; Mr. Xu Lei as non-executive Director; and Mr. Leung Wo Ping JP, Mr. Dong Shi, Mr. Hu Dingdong and Mr. Lei Yong as independent non-executive Directors.
This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will remain on the GEM website at www.hkgem.comon the "Latest Company Announcement" page for at least 7 days from the date of its posting and on the website of the Company at www.hengxinchina.com.hk.
* For identification purposes only
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