典权制度的重构

1TheStockExchangeofHongKongLimitedtakesnoresponsibilityforthecontentsofthisannouncement,makesnorepresentationastoitsaccuracyorcompletenessandexpresslydisclaimsanyliabilitywhatsoeverforanylosshowsoeverarisingfromorinrelianceuponthewholeoranypartofthecontentsofthisannouncement.GOLDBONDGROUPHOLDINGSLIMITED(incorporatedinHongKongwithlimitedliability)(Stockcode:172)DISCLOSEABLEANDCONNECTEDTRANSACTIONSOn27June2005,PerfectHonour,awhollyownedsubsidiaryoftheCompany,enteredinto(i)theLoanAgreementwithRongzhongBVI,anassociatedcompanyoftheCompany,pursuanttowhichPerfectHonouragreedtoadvancetheLoantoRongzhongBVIasthegeneralworkingcapitaloftheRongzhongGrouponthetermsandsubjecttotheconditionsthereincontained;and(ii)theAgreementwithMr.XiepursuanttowhichPerfectHonouragreedtoacquireandMr.XieagreedtoselltheSaleSharesattheConsideration.Asatthedateofthisannouncement,RongzhongBVIisownedasto40%,35%,20%and5%byPerfectHonour,Mr.Xie,ChinaModernandLegendCrownrespectively.ChinaModernanditsultimatebeneficialownerareIndependentThirdParties.PursuanttotheChinaModernAgreement,ChinaModernhasagreedtosellandMr.XiehasagreedtopurchasetheentireinterestofChinaModerninRongzhongBVI.PursuanttotheSubscriptionAgreement,consentforsuchsaleisrequiredfromLegendCrownandPerfectHonour.LegendCrownhasindicateditsconsenttosuchsale.PerfectHonourwillgrantsuchconsentprovidedthatMr.XiesellstheSaleSharestoPerfectHonourattheConsideration.Mr.XieagreedtodosoonconditionthatPerfectHonourwouldadvancetheLoantoRongzhongBVI.Accordingly,theChinaModernAgreement,theAgreementandtheLoanAgreementwillcompletesimultaneously.ImmediatelyafterCompletion,RongzhongBVIwillbeownedasto51%,44%and5%byPerfectHonour,Mr.XieandLegendCrownrespectively.IftheAgreementisnotcompletedwithin28daysafterthedateoftheLoanAgreement(orsuchotherdateasthepartiestheretomayagreeinwriting),therewillbenodrawdownoftheLoanandtheLoanAgreementwillbeterminatedandnopartyshallhaveanyliabilityunderthem(savetheliabilityinrespectofanyantecedentbreachofthetermsthereof).PursuanttotheSubscriptionAgreement,PerfectHonourhasadvancedtoRongzhongBVIthePreviousLoanofRMB42,000,000(equivalenttoapproximatelyHK$39,623,000)on21December2004.GiventhatthePercentageRatiosfortheaggregateamountofthePreviousLoanandtheLoanandtheacquisitionoftheSaleShareswillexceed5%butbelow25%,theprovisionoftheLoanandtheacquisitionoftheSaleSharesconstitutediscloseabletransactionsfortheCompanyunderChapter14oftheListingRules.2AsMr.Xieisasubstantialshareholdercurrentlyholding35%interestinRongzhongBVI,theenteringintooftheAgreementbyPerfectHonouralsoconstitutesaconnectedtransactionfortheCompanyunderRule14A.13(1)(b)(i)oftheListingRules.Accordingly,theAgreementissubjecttotheapprovaloftheShareholders.AsRongzhongBVIwillbecomeasubsidiaryandaconnectedpersonoftheCompanyaftercompletionoftheAgreement,theprovisionoftheLoanbyPerfectHonourtoRongzhongBVIwillalsoconstituteaconnectedtransactionunderRule14A.13(2)(a)(i)oftheListingRulesandissubjecttotheapprovaloftheShareholders.AlliedLuckTradingLimitedandAceSolomonInvestmentsLimited,beingpartiesactinginconcertunderTheCodeonTakeoversandMergersandacloselyalliedgroupofShareholdersandwhich,currentlyhold497,232,000Sharesand338,888,343Sharesrespectively,underRule14.45oftheListingRulesareinterestedinapproximately50.3%oftheissuedsharecapitaloftheCompanyinaggregateasatthedateofthisannouncement,haveconfirmedinwritingthattheyhaveapprovedtheAgreement,theLoanAgreementandtherespectivetransactionscontemplatedthereunder.SincenoShareholderisrequiredtoabstainfromvotingontheresolutionapprovingtheAgreement,theLoanAgreementandtherespectivetransactionscontemplatedthereunder,theCompanyisnotrequiredtoconveneageneralmeetingoftheShareholderstoapprovetheAgreement,theLoanAgreementandtherespectivetransactionscontemplatedthereunderpursuanttoRule14A.43oftheListingRules.Acircularcontaining,amongotherthings,furtherdetailsoftheLoanAgreementandtheAgreementandtherespectiveadviceoftheindependentfinancialadviserandtheindependentboardcommitteeoftheCompanywillbedespatchedtotheShareholdersassoonaspracticable.THELOANAGREEMENTDate27June2005Parties(1)PerfectHonour,awhollyownedsubsidiaryoftheCompany(2)RongzhongBVI,anassociatedcompanyoftheCompanyTermsoftheLoan(1)simultaneouslywithoraftercompletionoftheAgreement,PerfectHonourwilladvance,andRongzhongBVImaydrawdown,theLoanofnotmorethanHK$17million;(2)subjecttoanoverridingrighttodemandfullrepaymentoftheLoanbyPerfectHonouratanytime,RongzhongBVIshallrepaytheLoaninfullwithin24monthsfromthedateoftheLoanAgreement;(3)interestshallaccrueontheLoanattherateof2%abovethePrimeRateandshallbepayablehalf-yearly;and(4)theLoanshallbeusedasthegeneralworkingcapitaloftheRongzhongGroup.TheLoanwillbefinancedmainlybytheCompany’sexistingbankingfacilitiesand,dependingontheavailabilityofthecashflowoftheCompanyatthetimeofthedrawdownoftheLoan,itsinternalresources.3TheinterestratechargedbyPerfectHonourundertheLoanAgreementishigherthantheinterestratespresentlychargedunderthebankingfacilitiesavailabletotheCompany.IftheAgreementisnotcompletedwithin28daysafterthedateoft