(Stock Code: 763)
The Company and all the members of the Board of Directors confirm that the information contained in this announcement is true, accurate and complete and that there are no false and misleading statements or material omissions in this announcement.
Recently, it has been reported in the press that the Company plans to raise as much as RMB30 billion (HK$28.28 billion) through debt sales and bank loans. In response to the report, the Company makes its clarification as follows:
The Company currently has no plans for any bond sales, and has not publicly announced any related content mentioned in the above press report.
The Company proposed to apply for composite credit facilities from various banks of up to a total amount of RMB24.45 billion, the details of which have been published in the announcement of the resolutions passed at the twelfth meeting of the third session of the Board of Directors dated 11 April 2005.
The Company draws the attention of investors to the following: all formal announcements regarding the Company for the purposes of complying with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited will only be published in the designated newspapers, South China Morning Post and Hong Kong Economic Times. Investors should be aware of the risks of investment.
By order of the Board
Hou Weigui
Chairman
Shenzhen, PRC
15 April 2005
As at the date of this announcement, the executive directors of the Company are Yin Yimin, Shi Lirong and He Shiyou; the non-executive directors of the Company are Hou Weigui, Wang Zongyin, Xie Weiliang, Zhang Junchao, Li Juping, Dong Lianbo and Tan Shanyi; and the independent non-executive directors of the Company are Zhu Wuxiang, Chen Shaohua, Qiao Wenjun, Tan Zhenhui, Mi Zhengkun and Li Jin.
Please also refer to the published version of this announcement in South China Morning Post.
.png){kind=icon}
.png){kind=icon}
.png){kind=icon}
.png){kind=icon}