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海通恆信國際租賃股份有限公司
Haitong UniTrust International Leasing Co., Ltd.
(A joint stock company incorporated in the People's Republic of China with limited liability)
(Stock Code: 1905)
INSIDE INFORMATION
INTENTION TO
SUBMIT BIDDING APPLICATION IN OPEN TENDER FOR
ACQUIRING EQUITY INTEREST OF GUI'AN UT
This announcement is made by Haitong UniTrust International Leasing Co., Ltd. (the "Company" and together with its subsidiaries, the "Group") in accordance with Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The board of directors of the Company hereby announces that the Company intends to apply for bidding (the "Bidding") in relation to 60% of the equity interest (the "Gui'an Equity Interest") of Gui'an UT Financial Leasing (Shanghai) Co., Ltd. ("Gui'an UT") in the open tender (the "Tender") on Guizhou Sun Property Rights Exchange Co., Ltd.("Guizhou Sun Property Rights Exchange") by Guizhou Gui'an Financial Investment Co., Ltd. ("Gui'an Financial Investment"), a company holding 60% of the equity interest of Gui'an UT.
As far as the Company is aware, the details of the Tender are summarised as follows:
- the principal businesses of Gui'an UT include financial leasing, leasing, purchase of leased properties onshore and offshore, processing and maintenance of the residual value of leasing properties, and consultation and guarantee of leasing transactions, as well as commercial factoring services in association with its primary business;
- as at the date of this announcement, Gui'an UT is owned as to 60% and 40% by Gui'an Financial Investment and the Company, respectively. Gui'an Financial Investment is a wholly state-owned enterprise. As at the date of this announcement, to the best of the directors' knowledge, information and belief, having made all reasonable enquiries, Gui'an Financial Investment and its ultimate beneficial owners are third parties independent of the Company and its connected persons (as defined in the Listing Rules); and
- as an existing shareholder of Gui'an UT, the Company intends to exercise its right of first refusal and apply for the Bidding.
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LISTING RULES IMPLICATIONS
As at the date of this announcement, Gui'an UT is owned as to 60% and 40% by Gui'an Financial Investment and the Company, respectively. In the event of the successful bidding in the Tender by the Company, Gui'an UT will be 100% owned by the Company and become a wholly-owned subsidiary of the Company.
In the event of the successful bidding in the Tender by the Company, the highest applicable percentage ratio for the transactions regarding the acquisition of Gui'an Equity Interest is expected to be more than 5% but less than 25%. Such transaction will constitute a discloseable transaction of the Company and shall be subject to the notification and announcement requirements under Chapter 14 of the Listing Rules, but exempt from the shareholders' approval requirement. Subject to the development of the Tender, the Company will make further announcement(s) in relation to the matters of the proposed acquisition of Gui'an Equity Interest in accordance with the Listing Rules as and when appropriate.
The Tender is open to the wider investing public and will be subject to the relevant tender and procedures regulated by applicable laws, rules and regulations in relation to the transfer of state-owned assets. As at the date of this announcement, no definitive agreements or documents of binding legal force have been entered into and no terms and provisions have been agreed to between Gui'an Financial Investment and the Group in respect of the proposed acquisition of the Gui'an Equity Interest for the purpose of the Tender. Subject to development of the Tender, the proposed acquisition of the Gui'an Equity Interest may or may not proceed and shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.
By order of the Board of Directors
Haitong UniTrust International Leasing Co., Ltd.
DING Xueqing
Chairman
Shanghai, the PRC
July 24, 2020
As at the date of this announcement, the Chairman and executive Director of the Company is Mr. DING Xueqing; the executive Director is Ms. ZHOU Jianli; the non-executive Directors are Mr. REN Peng, Ms. HA Erman, Mr. LI Chuan, Mr. WU Shukun and Mr. ZHANG Shaohua; and the independent non-executive Directors are Mr. JIANG Yulin, Mr. YAO Feng, Mr. YO Shin, Mr. ZENG Qingsheng, Mr. WU Yat Wai and Mr. YAN Lixin.
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