Greater China Precision Components Ltd.
Delisting of Greater China Precision Components Ltd.
Greater China Precision Components Ltd. / Key word(s): Delisting Greater China Precision Components Limited: Delisting of Greater China Precision Components Ltd. (the “Company”)
SINGAPORE/HUIZHOU, 27 November 2014: GCPC The Board refers to the termination of the trading of the shares of the Company (the “Shares“) in the Open Market, Entry Standard of the Frankfurt Stock Exchange (ISIN SG9999005052 / WKN A0MZS3 /Ticker 49G) which was effective 30 September 2014. Prior to the termination of the trading of the Shares, dealing in the Shares are conducted through the book entry system maintained by Clearstream Banking S.A (“Clearstream“) and Euroclear Bank (“Euroclear“). The physical share certificate representing the book-entry securities are held in custody by the appointed custodian of Clearstream, which is DBS Nominees Private Limited (“DBS Nominees“). Pursuant to the Company’s articles of association, the sole legal shareholder is DBS Nominees. It is the intention of the Company to issue physical share certificates directly to beneficial shareholders of the Shares and to cancel the global share certificate currently held by DBS Nominees. Following the delisting of the Shares, shareholders may wish to note that the Company does not intend to maintain the depository arrangement with Clearstream and Euroclear. This is in line with the Company’s strategy of reducing costs associated with a delisting of the Shares. Accordingly, shareholders, namely depository agents which are interest holders of the Shares recorded with Clearstream and Euroclear (“IHs“) and beneficial owners which hold the interests in the Shares through such depository agents (“BOs“) are once again advised to take the appropriate steps, detailed below, to have the legal ownership of the Shares transferred to the BOs, and for the BOs to be registered as shareholders of the Company in the Register of Shareholders, by 15 December 2014 (“Deadline“). 1. BOs are to contact their depository agents with their personal particulars and instruction in relation to the transfer of the legal title to their Shares. BOs are advised to give instruction on the Form A attached hereto to ensure all necessary information are provided. [Click here –http://www.greater-cpc.com/PDF/20141127/Form%20A/Form%20A_23%20Nov%202014.pdf ] Please forward a copy of the Form A to the Company’s Singapore Share Registrar, Tricor Barbinder Share Registration Services (“Share Registrar“) at the contact particulars set out below: 2. IHs are to provide Clearstream and Euroclear, whichever is applicable, with instructions relating to the transfer of the legal title to the Shares owned by BOs, or themselves if the IHs are themselves BOs. IHs are advised to give instruction on the Form B attached hereto to ensure all necessary information are provided. [Click here –http://www.greater-cpc.com/PDF/20141127/Form%20B/Form%20B_23%20Nov%202014.pdf]
After the Deadline, Shares which are not legally transferred to BOs (“Unregistered Shares“) will continue to be registered and held in the name of DBS Nominees. IHs and BOs may wish to note that only registered shareholders recorded in the Company’s Register of Shareholders are entitled to exercise rights as shareholders of the Company. Accordingly, in relation to the Unregistered Shares, future notice of meetings and appointment of proxy for the general meetings, payment of dividends and other distributions and exercise of other shareholders’ rights will be directed at and communicated by the Company with DBS Nominees only. The Company will not be responsible for the dissemination of the same to IHs and BOs and/or any costs associated therewith. For BOs which have elected to be registered and have been recorded as registered shareholders in the Company’s Register of Shareholders, future notice of meetings and appointment of proxy for the general meetings, payment of dividends and other distributions and exercise of other shareholders’ rights will be sent to and communicated directly by the Company with them. The Company will also not be responsible for any costs related to any depository arrangement of the Unregistered Shares with Clearstream, Euroclear, DBS Nominees and/or any other custodians after the Deadline or for any services rendered by them in connection with the Unregistered Shares. The continuation of, and costs associated with the depository arrangement shall be borne by IHs and BOs. After the Deadline, any request for the transfer of legal ownership of the Unregistered Shares will be at the sole cost and expense of the requestor and is subject to satisfactory verification of documents and the prevailing laws in Singapore. Investors in the Shares and all IHs and BOs may wish to note that the Company does not recognise any transfer of ownership of the Shares except by way of a duly executed share transfer form accompanied by a physical share certificate registered in the name of the transferor. As such potential investors in the Shares should take caution that the Company is not obliged to recognise any transfer of an interest in the Shares without a duly executed instrument of transfer accompanied by the relevant share certificate issued in the name of the transferor; Shareholders, namely all IHs and BOs are advised to act accordingly as set out above, before the Deadline on 15 December 2014. If in doubt, they should seek independent professional advice. By Order of the Board Wu Baoyu 27 November 2014 27.11.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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