XIAMEN, China, Jan. 9, 2015 /PRNewswire/ -- This is a voluntary announcement made by Hengxing Gold Holding Company Limited ("Hengxing Gold" or the "Company", including its subsidiaries, the "Group").
The board (the "Board") of directors ("Directors") of the Company is pleased to announce that the Company and an independent third party (the "Independent Third Party") have commenced discussions in relation to a possible acquisition ("Possible Acquisition") of an overseas company that is currently controlled by the Independent Third Party, the principal business of which is gold mining and production. The Company has signed a non-disclosure agreement with the Independent Third Party and is performing desktop review of all the technical reports, production reports, resources and geological data provided by the Independent Third Party, with the view of conducting a field trip and holding additional in-depth discussions.
The Board wishes to emphasise that no binding agreement in relation to the Possible Acquisition has been entered into as at the date of this announcement. Shareholders and potential investors of the Company should note that the Possible Acquisition may or may not proceed and are advised to exercise caution when dealing in the shares of the Company. If the Possible Acquisition materialise, it may constitute a notifiable transaction on the part of the Company, and further announcement(s) will be made by the Company as and when appropriate in accordance with the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.
By order of the Board
Hengxing Gold Holding Company Limited
KE Xiping
Chairman
Xiamen, the PRC, 9 January 2015
As at the date of this announcement, the executive directors of the Company are Mr. KE Xiping, Mr. CHEN, David Yu and Mr. Albert Fook Lau HO, and the independent non-executive directors of the Company are Ms. WONG, Yan Ki Angel, Mr. XIAO Wei and Dr. Tim SUN.