TCL Communication Technology Holdings Limited
TCL通訊正式撤銷上巿地位
For immediate release Delisting of TCL Communication (Hong Kong, 30 September 2016) – Reference is made to the scheme document (“Scheme Document“) jointly issued by T.C.L. INDUSTRIES HOLDINGS (H.K.) LIMITED (the “Offeror”, being (i) controlling shareholder of TCL Communication Technology Holdings Limited; and (ii) a wholly owned subsidiary of TCL Corporation (Shenzhen Stock Exchange stock code: 000100)) and TCL Communication Technology Holdings Limited (“TCL Communication” or the “Company” which, together with its subsidiaries, the “Group”; HKSE stock code: 2618) dated 22 August 2016 in relation to the conditional proposal for all the issued shares of the Company by the Offeror by way of a scheme of arrangement (under section 86 of the Companies Law). Terms used herein shall have the same meaning given to them in the Scheme Document, unless the context otherwise required. The Offeror and TCL Communication jointly announced that the proposal for privatisation of TCL Communication by way of a scheme of arrangement (“the Scheme”) became effective on Friday, 30 September 2016 (Hong Kong time). The withdrawal of the listing of the Shares on the Main Board of the Stock Exchange is expected to become effective from 4:00 p.m.. Cheques for payment of the Cancellation Price payable under the Scheme will be despatched to the Scheme Shareholders as soon as possible but in any event on or before Wednesday, 12 October 2016. TCL Communication is pleased with the Shareholders’ support in the past years. After privatisation, the Group expects higher flexibility in the Company’s management, allowing the Group to manage its business in a more effective and sustainable way, thereby attaining long term development. – End – About TCL Communication Technology Holdings Limited (HKSE stock code: 2618) TCL Communication is one of the few companies in Hong Kong or China who owns or licenses 2G, 2.5G, 2.75G, 3G and 4G patented technologies. It is also able to independently develop products and solutions for the GSM, GPRS, EDGE, CDMA, WCDMA, TD-SCDMA and LTE. For more information, please visit its website at http://tclcom.tcl.com. About T.C.L. INDUSTRIES HOLDINGS (H.K.) LIMITED Document: http://n.eqs.com/c/fncls.ssp?u=NORLYFXKOC Document title: tclm Key word(s): Delisting
03/10/2016 Dissemination of a Press Release, transmitted by EQS Group. |