Zhejiang Expressway Delay in Despatch of Circular

 
TIDMZHEH 
 
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong 
Limited take no responsibility for the contents of this announcement, make no 
representation as to its accuracy or completeness and expressly disclaim any 
liability whatsoever for any loss howsoever arising from or in reliance upon 
the whole or any part of the contents of this announcement. 
 
                         Zhejiang Expressway Co., Ltd. 
 
 (A joint stock limited company incorporated in the People's Republic of China 
                            with limited liability) 
                              (Stock code: 0576) 
 
                         DELAY IN DESPATCH OF CIRCULAR 
                                IN RELATION TO 
                    DISCLOSEABLE AND CONNECTED TRANSACTION 
 
Reference is made  to  the  announcement  of  Zhejiang  Expressway  Co.,  Ltd. 
 (the "Company") dated 17 October 2016 (the "Announcement") in relation to, 
among other things, the proposed disposal of 100% equity interest in 
Development Co. Unless otherwise defined, capitalised terms used in this 
announcement have the same meanings as those defined in the Announcement. 
 
As stated in the Announcement,  the Company expected to despatch a circular 
(the "Circular") containing, among other things, (i) details of the Share 
Purchase Agreement, (ii) a letter from the Independent Board Committee to the 
Independent Shareholders regarding the Disposal, (iii) a letter of advice from 
the independent financial adviser to the Independent Board Committee and the 
Independent Shareholders regarding the Disposal, and (iv) a notice of 
extraordinary general meeting of the Company, is expected to be despatched to 
the Shareholders on or before 7 November 2016. 
 
As additional time is required for the Company to finalise the information to 
be contained in the Circular, the despatch date of the Circular is expected to 
be delayed to a date falling on or before 10 November 2016. 
 
                                                         On behalf of the Board 
                                                  ZHEJIANG EXPRESSWAY CO., LTD. 
                                                                 ZHAN Xiaozhang 
                                                                       Chairman 
 
Hangzhou, PRC, 7 November 2016 
 
As of the date of this announcement, the executive directors of the Company 
are: Mr. ZHAN Xiaozhang, Mr. CHENG Tao and Ms. LUO Jianhu; the non-executive 
directors of the Company are: Mr. WANG Dongjie, Mr. DAI Benmeng and Mr. ZHOU 
Jianping; and the independent non-executive directors of the Company are: Mr. 
ZHOU Jun, Mr. PEI Ker-Wei and Ms. LEE Wai Tsang Rosa. 
 
 
 
END 
 

(END) Dow Jones Newswires

November 07, 2016 09:19 ET (14:19 GMT)