SINOCAN HOLD<1095> - Announcement
The Stock Exchange of Hong Kong Limited takes no
responsibility for the contents of this announcement,
makes no representation as to its accuracy or
completeness and expressly disclaims any liability
whatsoever for any loss howsoever arising from or in
reliance upon the whole or any part of the contents of
this announcement.
SINOCAN HOLDINGS LIMITED
(incorporated in Bermuda with limited liability)
ANNOUNCEMENT
Summary:
The Company will further delay the publication of its
interim results for the six months ended 30th June 1999
to in or about April 2000. The delay in publication of
the said interim results constitutes a breach of
paragraph 11(1) of the Listing Agreement made between the
Company and the Stock Exchange. The Stock Exchange has
indicated that it will reserve its right to take action
against the Company for such breach.
Reference is made to the announcements made by the Company
on 27th October 1999 and 17th December 1999 regarding the
delay in the publication of its interim results for the
six months ended 30th June 1999. The Company has now
recruited new staff to fill up the vacancies resulted from
the departure of all the staff in its accounting
department last year. Due to extra time required by the
Company's new accounting staff to familiarise with the
Group's accounting system and to prepare the relevant
accounts, the Company will further delay the publication
of its interim results for the six months ended 30th June
1999 and the despatch of its interim report for the six
months ended 30th June 1999 to in or about April 2000.
The delay in publication of the said interim results
constitutes a breach of paragraph 11(1) of the Listing
Agreement made between the Company and the Stock Exchange.
The Stock Exchange has indicated that it will reserve its
right to take action against the Company for such breach.
Except as disclosed in the announcement dated 27th
October 1999 and 17th December 1999, none of the Directors
nor any of his/her associates (as defined under the
Listing Rules) have dealt in the Shares since April 1999
up to the date of this announcement. The Directors have
undertaken not to deal in the Shares prior to the
announcement of the said interim results.
The Company will make a further announcement when there
are any material developments in relation to the
above-mentioned matter.
Unless the context otherwise requires, terms defined in
the announcement of the Company dated 27th October 1999
shall have the same meanings herein.
By Order of the Board
WONG MAN WING
Chairman
Hong Kong, 16th March 2000
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