Semi-Tech Corporation Limited Announcement.HONG KONG--(BUSINESS WIRE)--May 29, 1998--Semi-Tech Corporation today announced that its approximately 43% owned affiliate Semi-Tech (Global) Company Limited, issued the following announcement related to the May 27, 1998 proposed bonus issue of warrants. Semi-Tech Corporation 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. 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). Shares of Semi-Tech (Global) Company Limited are listed on The Stock Exchange of Hong Kong Stock Exchange of Hong Kong (SEHK) Only stock exchange located in Hong Kong. Limited under the symbol 448, and are traded on the over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. through a sponsored ADR Sponsored ADR An ADR which is issued in co-operation with the underlying foreign company whose equity shares will underly the ADR shares. With the corporation's sponsorship, the ADRs created in the issue usually afford their owners the same rights normally given to stockholders, program under the symbol SITGY. Visit our website at: http://www.semi-tech.com The Stock Exchange of 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 (the "Company") (Incorporated in Bermuda with limited liability) SUMMARY ---------------- -- Reference is made to the announcement ("Announcement") by the Company dated 27th May, 1998 in relation to, inter alia [Latin, Among other things.] A phrase used in Pleading to designate that a particular statute set out therein is only a part of the statute that is relevant to the facts of the lawsuit and not the entire statute. , a bonus issue of warrants ("Bonus Warrant Issue ") to holders of existing warrants expiring in 1998 ("Existing Warrants") which appeared in the press on 28th May, 1998. -- The Bonus Warrant Issue is withdrawn for the reason set out below. The Stock Exchange of Hong Kong Limited has informed the Company after the Announcement was published that it would not approve the Bonus Warrant Issue for the reason that the proposal does not strictly fall within certain sections of the Rules Governing gov·ern v. gov·erned, gov·ern·ing, gov·erns v.tr. 1. To make and administer the public policy and affairs of; exercise sovereign authority in. 2. the Listing of Securities on the Stock Exchange of Hong Kong Limited (so far as they relate to the issue of bonus warrants to existing warrantholders). In view of this decision, the directors of the Company will withdraw the proposal for the Bonus Warrant Issue and appropriate disclosure will be made in the circular to shareholders (and for information only, to warrantholders) to be despatched together with the annual report. The book closure arrangements between 16th July, 1998 to 23rd July, 1998 for the Existing Warrants will accordingly be cancelled. By Order of the Board Semi-Tech (Global) Company Limited Yeung Yuen Yee Secretary CONTACT: Ralph S. Barnes 905/475-2670 Ext.307 |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion