Euro Asia Premier Real Estate Company Limited
Euro Asia announces the result of its AGM
Euro Asia Premier Real Estate Company Ltd. / Key word(s): AGM/EGM Euro Asia announces the result of its AGM – All resolutions successfully passed
– Acquisition of Weihai Ming Cheung approved
– Move of operational headquarters from Weifang to Qingdao, with active project in Weihai, Shandong
Hong Kong, SAR Peoples’ Republic of China, 19 March, 2014 Euro Asia Premier Real Estate Company Limited (JT9; ISIN: VGG3223A1057) announces that all resolutions put to the 2014 Shareholders Meeting were unanimously passed. As part of the completion of the re-organization of Company’s capital structure, the Board of Directors, though not required, requested and received unanimous shareholder approval to grant a general mandate to increase share capital at the discretion of the Board in consultation with its capital market advisers. The general mandate is to issue up to 5,500,000 shares, or 50% percent of the 11 million outstanding and issued shares as at the date of the AGM. The general mandate will expire with the Company’s General Meeting in the year 2017. “The unanimous approval of our acquisition of Weihai Ming Cheung for a total consideration of RMB¥ 400 million (approx. EUR 48 million), moves Euro Asia to Weihai, Shangdong. This investment fulfills our ambition to expand into other parts of the Province of Shandong and to raise our profile, while at the same time allowing us to pursue new opportunities outside of Weifang. We are in discussions with our capital market advisers to explore alternative ways of raising capital in order to further strengthen our financial base for future acquisitions and project development,” Mr. Patrick P.L. Chan, Chairman and CEO of Euro Asia explained. Contact: About Euro Asia End of Corporate News 19.03.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Euro Asia Premier Real Estate Company Ltd. | |
Nova Stage Chambers, P.O. Box 4389 | ||
Road Town Tortola | ||
Virgin Islands (British) | ||
Internet: | www.eu-asia.net | |
ISIN: | VGG3223A1057 | |
WKN: | A0YGJM | |
Listed: | Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Frankfurt in Open Market (Entry Standard) | |
End of News | DGAP News-Service |
258244 19.03.2014 |