有关收购事项的公告(非常重大收购事项公告)须根据上市规则第13.52(2)条在该公司刊发前经联交所审阅。于本公告日期，该公司正在准备及回应联交所就非常重大收购事项公告提出的查询，该公告载列股权转让协议及收购事项的条款及条件。非常重大收购事项公告将根据上市规则在切实可行的情况下尽快刊发。Crownicorp (00727) issued an announcement that on July 31, 2024 and August 8, 2024, the company's wholly-owned subsidiary, Colorful China Group Limited (buyer, a limited company registered under Hong Kong law), and Xinchengrun Silver (Shenzhen) Investment Partnership (seller, a partnership enterprise established in China), an independent third party to the company, have respectively entered into an equity transfer agreement and a supplementary agreement. The buyer conditionally agrees to purchase and the seller conditionally agrees to sell 75% equity interest in Zhuhai Real Ceramic Valve Co., Ltd. (target company, a limited liability company established under Chinese law) (acquisition matter). The completion of the acquisition matter is subject to approval by the shareholders of the company. The purchase price of the acquisition matter is expected to be funded by the company's internal resources and the rights issue to be undertaken by the company. Upon completion of the proposed transaction under the equity transfer agreement, the target company will become a subsidiary of the company.
According to the Smart Finance app, Crownicorp (00727) issued an announcement that on July 31, 2024 and August 8, 2024, the company's wholly-owned subsidiary, Colorful China Group Limited (buyer, a limited company registered under Hong Kong law), and Xinchengrun Silver (Shenzhen) Investment Partnership (seller, a partnership enterprise established in China), an independent third party to the company, have respectively entered into an equity transfer agreement and a supplementary agreement. The buyer conditionally agrees to purchase and the seller conditionally agrees to sell 75% equity interest in Zhuhai Real Ceramic Valve Co., Ltd. (target company, a limited liability company established under Chinese law) (acquisition matter). The completion of the acquisition matter is subject to approval by the shareholders of the company. The purchase price of the acquisition matter is expected to be funded by the company's internal resources and the rights issue to be undertaken by the company. Upon completion of the proposed transaction under the equity transfer agreement, the target company will become a subsidiary of the company.
As the maximum applicable percentage of the acquisition matter exceeds 100%, according to Chapter 14 of the Listing Rules, the acquisition matter constitutes a very substantial acquisition of the company, and therefore, it is necessary to comply with the provisions on declaration, announcement, circular and approval of shareholders under Chapter 14 of the Listing Rules.
The announcement of the acquisition matter (very substantial acquisition announcement) shall be reviewed by the Stock Exchange before publication by the company in accordance with Article 13.52(2) of the Listing Rules. As of the date of this announcement, the company is preparing and responding to the queries raised by the Stock Exchange regarding the very substantial acquisition announcement. The announcement will include the terms and conditions of the equity transfer agreement and the acquisition matter. The very substantial acquisition announcement will be published as soon as possible in accordance with the Listing Rules, to the extent practicable.
At the request of the company, trading of the shares will be temporarily suspended on the Stock Exchange on August 1, 2024 (Thursday) starting from 9:00 am, and will continue to be temporarily suspended to await the publication of the very substantial acquisition announcement.