C.K. TANG LIMITED
(Registration No. 196100023H)
PROPOSED SELECTIVE CAPITAL REDUCTION BY C.K. TANG LIMITED – RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 27 OCTOBER 2011
The board of directors (the “Board” or the “Directors”) of C.K. Tang Limited (the “Company”) refers to the supplemental circular dated 10 October 2011 (the “Supplemental Circular”) issued by the Company to its shareholders (“Shareholders”) in connection with the proposed selective capital reduction to be undertaken by the Company (“Selective Capital Reduction”) and the extraordinary general meeting (“EGM”) held on 27 October 2011 in connection therewith.
All capitalised terms and references used in this Announcement shall, unless otherwise defined herein, have the same meaning and construction as defined in the Supplemental Circular.
2. Results of the Extraordinary General Meeting held on 27 October 2011
The Directors wish to announce that the special resolution to approve the Selective Capital Reduction as set out in the Notice of EGM was not approved at the EGM held on 27 October 2011 and accordingly, the requisite Shareholders’ approval for the Selective Capital Reduction was not obtained.
Accordingly, the Selective Capital Reduction will not proceed and no Shares will be cancelled thereunder.
3. Responsibility Statement
The Directors of the Company (including those who have delegated detailed supervision of this Announcement) have taken all reasonable care to ensure that the facts stated in this Announcement are fair and accurate and that no material facts have been omitted from this Announcement, and they jointly and severally accept responsibility accordingly. Where any information has been extracted or reproduced from published or otherwise publicly available sources, the sole responsibility of the Directors of the Company has been to ensure through reasonable enquiries that such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this Announcement.
By Order of the Board
Tan La Hiong
Date: 27 October 2011