Theo nguồn tin trên trang mạng của Success Dragon International Holdings Limited
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited
take no responsibility for the contents of this announcement, make no representation as to its
accuracy or completeness and expressly disclaim any liability whatsoever for any loss
howsoever arising from or in reliance upon the whole or any part of the contents of this
This announcement appears for information purposes only and does not constitute an
invitation or offer to acquire, purchase or subscribe for the Shares.
SUCCESS DRAGON INTERNATIONAL HOLDINGS LIMITED
(Incorporated in Bermuda with limited liability)
(Stock Code: 1182)
TERMINATION IN RELATION TO THE
ACQUISITION OF 45% INTEREST
IN A 5-STAR HOTEL AND LAND FOR HOTEL DEVELOPMENT IN VIETNAM
Reference is made to the announcements (the “Announcements”) of Success Dragon
International Holdings Limited (the “Company”) dated 30 March 2016, 6 April 2016,
21 April 2016 and 20 May 2016 in relation to, among others, the proposed acquisition
of the entire issued share capital in Vabis Building Consultants Engineering Ltd pursuant
to the SP Agreement and the Supplemental Deed. Unless otherwise defined, capitalized
terms used herein shall have the same meanings as those defined in the Announcements.
The Board hereby announces that as the Vendor has difficulty in obtaining the requisite
consent for the implementation of the Reorganisation, it is expected that the conditions
precedent set out in the SP Agreement cannot be fulfilled by the Long Stop Date. Therefore,
on 16 June 2016 (after trading hours), two termination deeds have been entered as
(1) a termination deed entered into between SDAH and the Vendor to terminate the SP
Agreement and the Supplemental Deed pursuant to the terms and conditions herein
with effect from 16 June 2016; and
(2) a termination deed entered into between the Company, SDAH and the Agent to
terminate the Agency Agreement pursuant to the terms and conditions herein with
effect from 16 June 2016.
The Board considers that the termination of the Acquisition will not have any material
adverse impact on the operation, business nor financial position of the Group.
As a result of the termination of the Acquisition, the Circular in relation to the SGM to seek
the Shareholders’ approval for, among others, the Acquisition will not be despatch to the
Shareholders and the SGM will not be convened.
By order of the Board
Success Dragon International Holdings Limited
Carlos Luis Salas Porras
Chairman and executive Director
Hong Kong, 16 June 2016
As at the date of this announcement, the executive Directors are Mr. Carlos Luis SALAS
PORRAS and Mr. GOH Hoon Leum; the independent non-executive Directors are Mr. YONG
Peng Tak, Mr. ER Kwong Wah and Mr. LEUNG Po Hon.