Maybe a delay ?4 May 2017 16:29
Asset distribution is now scheduled for 15th of May so maybe the Dividend has not yet been distributed ?
Or maybe I am reading it wrong ?
EXTENSION OF COMPLETION DATE
OF THE ASSETS REDISTRIBUTION
Reference is made to the circular (the “Circular”) of Asian Growth Properties Limited (the
“Company”) dated 31 March 2017 and the announcements of the Company dated 31 March 2017,
11 April 2017, 18 April 2017 and 21 April 2017 (the “Announcements”). Unless the context
otherwise requires, capitalised terms used herein shall bear the same meanings as defined in the
Circular.
As disclosed in the Circular, the disposal of the Non-PRC Assets by way of sale of the entire
issued share capital of BSGL by the Company to SEA pursuant to the SP Agreement is conditional
on, inter alia, the SEA Independent Shareholders passing an ordinary resolution of SEA to
approve the SEA Distribution in Specie. On 4 May 2017, the SEA SGM was duly held and the
ordinary resolution approving the SEA Distribution in Specie was duly passed.
As disclosed in the Announcements, completion of the SP Agreement is scheduled to take place
on 15 May 2017. In accordance with the revised timetable set out in the Company’s
announcement dated 18 April 2017, SEA (as buyer of the SP Agreement) and the Company (as
seller of the SP Agreement) have by mutual consent agreed to extend the date of completion of
the SP Agreement from 4 May 2017 to 15 May 2017 (or such other date as the parties may agree
in writing). Save for the above, all other terms and conditions of the SP Agreement have remained
unchanged.
http://www.asiangrowth.com/html/press/2017.05.04%20Extension%20of%20the%20SP%20Agreement.pdf
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