26th Nov 2009 08:40
Hong Kong, 26 November 2009
Asian Citrus Holdings Limited
("Asian Citrus" or "the Company")
This statement is made at the request of The Stock Exchange of Hong Kong Limited ("Stock Exchange").
We have noted today's volatility in the price and trading volume of the shares of Asian Citrus Holdings Limited ("Company") on the Stock Exchange and wish to state that we are not aware of any reasons for such movement.
Reference is also made to the listing document ("Listing Document") of the Company dated 23 November 2009. Unless the context requires otherwise, capitalised terms in this announcement shall have the same meanings as set out in the Listing Document.
Certain investors have made some enquiries on certain financial information of the Company and the Board considers it appropriate to highlight those information which are already included in the Listing Document:
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1 |
As mentioned in the Listing Document, the audited net tangible asset value per Share as at 30 June 2009 was RMB37.3, and the Listing Document also expressly stated that such figure is calculated on the basis of the number of Shares in issue and outstanding as at 30 June 2009. |
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2 |
It is also mentioned in the Listing Document that on 2 November 2009, the Shareholders passed a resolution to subdivide the then existing issued and unissued shares of HK$0.10 each into ten shares of HK$0.01 each. It is further mentioned in the Listing Document that the closing trading prices of the Shares on AIM and PLUS Market in November 2009 (up to the Latest Practicable Date) were computed taken into account of the subdivision of Shares. |
Trading in the Shares was suspended at about 11:57a.m. on 26 November 2009 pending release of this announcement and application has been made by the Company for resumption in trading at 9:30 a.m. on 27 November 2009.
The closing trading price of the Shares on the Stock Exchange immediately before suspension was HK$19.94 and the closing trading price of the Shares on AIM on 25 November 2009 was 45.75 pence (equivalent to approximately HK$5.89 for illustrative purpose*).
* Based on the exchange rate of GBP1:HK$12.87 with reference to the website of the Hong Kong Association of Banks.
Save as disclosed above, we also confirm that there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under Rule 13.23 of the Listing Rules, neither is the Board aware of any matter discloseable under the general obligation imposed by Rule 13.09 of the Listing Rules, which is or may be of a price-sensitive nature.
Made by the order of the Board of the Company, the directors of which individually and jointly accept responsibility for the accuracy of this statement.
By order of the BoardAsian Citrus Holdings Limited Sung Chi Keung Executive Director
As at the date of this announcement, the executive Directors are Mr. Tong Wang Chow, Mr. Tong Hung Wai, Tommy, Mr. Cheung Wai Sun, Mr. Pang Yi and Mr. Sung Chi Keung. The non-executive Directors are Mr. Ip Chi Ming and Hon Peregrine Moncreiffe. The independent non-executive Directors are Mr. Ma Chiu Cheung, Andrew, Dr. Lui Ming Wah, Mr. Yang Zhenhan and Mr. Nicholas Smith.
Related Shares:
ACHL.L