omniture

Emperor International Announces Spin-Off Listing of Emperor Capital Group

Emperor International Holdings Limited
2007-02-08 10:41 2847

HONG KONG, Feb. 7 /Xinhua-PRNewswire-FirstCall/ -- Emperor International Holdings Limited ("the Group"/"EIH") (163HK, EPPRY) today announced the structure of its proposed spin-off of its securities brokerage arm Emperor Capital Group (ECG) for a separate listing on the Stock Exchange.

The Group plans to pay a special interim dividend by way of distribution in specie of all ECG shares to be held by it to existing EIH shareholders. Prior to the payment of the special interim dividend and as part of the reorganization, the Group will transfer the securities brokerage business to ECG and upon completion of the reorganization the unaudited net assets of ECG Group to be distributed to EIH shareholders will be approximately HK$215 million.

In addition to the distribution, ECG will make a preferential share offer to existing EIH shareholders as well as a public share offer to the public to raise approximately HK$112-145 million.

Assuming all the EIH shareholders accept the preferential share offer, existing EIH shareholders will be interested in 87.6% to 94% of the enlarged issued share capital of ECG with the remaining 6% to 12.4% from the public.

The Group proposes to host a general meeting to obtain the shareholders' approval and the listing is subject to approval of Hong Kong Stock Exchange.

About Emperor International Holdings Limited

Emperor International Holdings Limited is an investment holding company, which is principally engaged in property development and investment business. It also engages in hotel and financial brokerage services operations.

For Enquiries:

Emperor International Holdings Limited

Sidney Luk

Tel: +852 28356715 / 92264424

Email: sidneyluk@emperor.com.hk

Website www.emp163.com

Source: Emperor International Holdings Limited
Keywords: Food/Beverages
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