Semi-Tech (Global) Company Limited Responds to Rumours Regarding Tomei.MARKHAM, Ontario--(BUSINESS WIRE)--July 22, 1997--Semi-Tech Corp. ("Semi-Tech") announced today that its approximately 43 percent owned affiliate, Semi-Tech (Global) Company Limited ("Semi-Tech (Global)") issued the following announcement in response to rumours regarding its investment in Tomei International (Holdings) Limited ("Tomei"). Semi-Tech (Global) has requested trading in its securities be suspended for one day pending dissemination of this announcement. Semi-Tech Corp. is a Canadian-based multinational company engaged in the global marketing and distribution of consumer products for the home, principally through its subsidiaries and affiliates. Companies within the Semi-Tech group have revenues in excess of $6.5 billion. Semi-Tech's shares are listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (Class A: SEM.A; Class B: SEM.B). Class A shares are also listed on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg under the symbol SEM.A and in the United States on the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol SEMC SEMC Sony Ericsson Mobile Communications SEMC Sony Ericsson Mobile Communications, AB SEMC Structural Engineering Mechanics and Computation SEMC State Emergency Management Committee (Australia) SEMC Search Engine Marketing Council .F. Shares of Semi-Tech (Global) Company Limited are listed on The Hong Kong Stock Exchange The Hong Kong Stock Exchange (Traditional Chinese: 香港交易所, also 港交所; abbreviated as HKEX; HKSE: 0388 ) is the stock exchange of Hong Kong. under the symbol 448. The ordinary shares of Semi-Tech (Global) are also traded on the over-the-counter market in the United States through a sponsored ADR program under the symbol SITGY. The Stock Exchange of Hong Kong Stock Exchange of Hong Kong (SEHK) Only stock exchange located in 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 how·so·ev·er adv. 1. To whatever degree or extent. 2. By whatever means. arising from or in reliance upon the whole or any part of the contents of this announcement. SEMI-TECH (GLOBAL) COMPANY LIMITED (Incorporated in Bermuda with limited liability) TOMEI INTERNATIONAL (HOLDINGS) LIMITED (Incorporated in Bermuda with limited liability) ANNOUNCEMENT This announcement is made at the request of The Stock Exchange of Hong Kong Limited ("Stock Exchange"). We note that there is an article ("Article") published in the Hong Kong Economic Journal The Hong Kong Economic Journal (HKEJ, Chinese:信報財經新聞 Pinyin: Xìnbào Cáijīng Xīnwén, abbrev. 信報 Pinyin: Xìnbào) is a Chinese language daily newspaper published in Hong Kong by the Shun Po Co., Ltd. on 22nd July, 1997 which mentions that TCL See Tcl/Tk. Tcl - Tool Command Language Electronics Group ("TCL") is now studying a proposal to acquire Tomei International (Holdings) Limited ("Tomei") and to inject its TV business into Tomei and that as a consequence, Semi-Tech will become a minority shareholder of Tomei. TCL have contacted Tomei some time ago to explore business opportunities in general, however, the respective boards of directors of Semi-Tech (Global) Company Limited ("Semi-Tech") and Tomei hereby confirm that there are for the time being no negotiations or agreements or contemplation relating to the matters as described in the Article. Neither Semi-Tech nor Tomei is in negotiations with any party regarding the acquisition or disposal of shares in Tomei at the present time. Trading in the securities of Semi-Tech and Tomei was suspended at 10:00 a.m. on 22nd July, 1997 at the request of Semi-Tech and Tomei respectively. An application has been made by each of Semi-Tech and Tomei to the Stock Exchange for a resumption of trading in the securities of Semi-Tech and Tomei respectively from 10:00 a.m. on 23rd July, 1997. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , investors and shareholders of Semi-Tech and Tomei are advised to exercise caution in dealing in the securities of Semi-Tech and Tomei respectively. By Order of the Board of By Order of the Board of TOMEI INTERNATIONAL (HOLDINGS) LIMITED SEMI-TECH (GLOBAL) COMPANY LIMITED Lam Chung Kiu James Henry Ting Chairman Chairman Hong Kong, 22nd July, 1997 CONTACT: Semi-Tech Corporation 905/475-2670 |
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