01/09/2018 | Press release | Distributed by Public on 01/09/2018 03:39
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 ̏ɽ༟๕€છٰϞࠢʮ̡
(Incorporated in Bermuda with limited liability)
(Stock code: 00618)
INSIDE INFORMATION REPURCHASE OF LAND USE RIGHTS OF PART OF LAND OF THE COMPANY
BY KAIFENG MUNICIPAL GOVERNMENT OF CHINA
This announcement is made by Peking University Resources (Holdings) Company Limited (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Reference is made to the announcement of the Company dated 8 January 2015 in relation to the acquisition by the Company of certain land use rights in Kaifeng, China. Beijing Tianranju Technology Co., Ltd. (̏ԯ˂್֢߅ҦϞࠢʮ̡) (now renamed as: Peking University Resources Group Investment Co., Ltd. (̏ɽ༟๕ණྠҳ༟Ϟࠢʮ̡)), an indirect wholly-owned subsidiary of the Company, succeeded in the bid of the land use rights of eleven (11) pieces of land offered for sale by Kaifeng Municipal Bureau of Land Resources (ක܆̹ ɺ༟๕҅) of China, with a total area of 647,146.5 sq.m. (approximately 970.7 mu) (the "Acquired Land").
In accordance with the Circular of the State Council on the Overall Plan for the China (Henan) Pilot Free Trade Zone (ਕ৫《ʕ€ئیІ͟൱༊ਜᐼ˙ࣩٙஷٝ》), Kaifeng Municipal People's Government of China ("Kaifeng Municipal Government") will set up a free trade zone in Kaifeng (the "Free Trade Zone"). The Company has recently received notification from Kaifeng Municipal Government that as part of the Acquired Land is within the Free Trade Zone and/or the adjacent areas of the Free Trade Zone, Kaifeng Municipal Government intends to repurchase the land use rights of 784.03 mu land out of the Acquired Land with a consideration according to government planning.
Upon completion of the above-mentioned land repurchase, Kaifeng Municipal Government will continue to support the Company for its development in Kaifeng Municipal, and the Company will also continue to actively participate in the subsequent land development in Kaifeng, China, in light of its own strategic development.
Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.
By order of the Board of
Peking University Resources (Holdings) Company Limited
Cheung Shuen Lung
Hong Kong, 9 January 2018
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. Shi Hua, Ms. Liao Hang and Mr. Zheng Fu Shuang; and independent non-executive directors of Mr. Li Fat Chung, Ms. Wong Lam Kit Yee and Mr. Chan Chung Kik, Lewis.