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.
WEST CHINA CEMENT LIMITED
中 國 西 部 水 泥 有 限 公 司
(Incorporated in Jersey with limited liability, with registered number 94796)
(Stock Code: 2233)
ANNOUNCEMENT
COMPLETION OF THE ISSUANCE OF
THE FIRST TRANCHE OF THE MEDIUM-TERM NOTES
IN THE PRC
BY YAOBAI SPECIAL CEMENT GROUP CO., LTD.,
AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
Reference is made to the announcement of West China Cement Limited (the ''Company'') dated 30 April 2019 in relation the proposed issuance of the Medium-term Notes by Yaobai (the ''Announcement''). Unless otherwise stated, terms used in this announcement shall have the same meanings as those defined in the Announcement.
The Board is pleased to announce that Yaobai, an indirect wholly-owned subsidiary of the Company, has completed the issuance of the first tranche of the Medium-term Notes on 8 May 2019. The first tranche of the Medium-term Notes was issued in the principal amount of RMB500 million, at the interest rate of 7.5% per annum, and with a term of three years.
As stated in the Announcement, the proceeds from the issuance of the first tranche of the Medium-term Notes will be fully used for general working capital of the Group.
By Order of the Board
West China Cement Limited
Zhang Jimin
Chairman
Hong Kong, 8 May 2019
- 1 -
As at the date of this announcement, the executive Directors are Mr. Zhang Jimin and Dr. Ma Weiping, the non-executive Directors are Mr. Ma Zhaoyang, Ms. Liu Yan and Mr. Qin Hongji and the independent non-executive Directors are Mr. Lee Kong Wai, Conway, Mr. Wong Kun Kau and Mr. Tam King Ching, Kenny.
- 2 -