ACHL Asian Citrus

 

TIDMACHL 
 
RNS Number : 3493X 
Asian Citrus Holdings Ltd 
03 December 2010 
 

                                                                 3 December 2010 
 
                          Asian Citrus Holdings Limited 
                       ("Asian Citrus'" or "the Company") 
 
Notice of SGM 
 
As announced on 23 November 2010 and 30 November 2010, the Company and Merrill 
Lynch Far East Limited (the "Placing Agent") entered into the Placing Agreement 
pursuant to which the Placing Agent agreed to place 175,000,000 Placing Shares, 
on a fully underwritten basis, to eight Placees who and whose ultimate 
beneficial owners are independent third parties, at a price of HK$8.88 per 
Placing Share. The Placing Shares will be allotted and issued under the Specific 
Mandate. 
 
A Special General Meeting of the Company, to be held at 9 a.m. (Hong Kong time) 
on 28 December 2010 (the "SGM"), is being convened in order to propose, among 
other things, shareholder resolutions to approve the allotment and issue of 
175,000,000 Placing Shares to the Placees pursuant to the Placing Agreement. To 
the best of the Directors' knowledge, information and belief, having made all 
reasonable enquires to this effect, the Placees, if they are already 
Shareholders, and so required to abstain from voting at the SGM, will indeed 
abstain from voting at the SGM. 
 
An explanatory circular and notice of SGM will be posted to shareholders 
tomorrow and will shortly be available on the Company's website 
(www.asian-citrus.com). Defined terms used in this announcement correspond with 
the definitions contained in the circular. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 NOEUORURRRAURAA 
 

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