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China Medical Sys. (CMSH)

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Friday 27 August, 2010

China Medical Sys.

Update - Hong Kong Listing

RNS Number : 7524R
China Medical System Holdings Ltd
27 August 2010
 



For Immediate release    

27 August 2010

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATION.

 

China Medical System Holdings Ltd

("CMS" or "the Company")

An Update of the Hong Kong Listing and Election Date

China Medical System Holdings Limited (AIM: CMSH) is pleased to announce that on 26 August 2010, the listing committee of The Stock Exchange of Hong Kong Limited ("Hong Kong Stock Exchange") considered the Company's application for listing on the main board of the Hong Kong Stock Exchange (the "Hong Kong Listing").  Subject to, among other things, (i) the Hong Kong Stock Exchange confirming that it has no further comments on the prospectus of the Company for the Hong Kong Listing, (ii) granting the Company formal listing approval on fulfillment of various conditions, and (iii) the obligations of the underwriters under the Hong Kong Underwriting Agreement and the International Purchase Agreement for the Hong Kong Listing having become unconditional and not having been terminated in accordance with the terms of the respective agreements, it is currently expected that the Hong Kong Listing will occur on 28 September 2010 (Tuesday).  At the Company's extraordinary general meeting held on 20 August 2010, shareholders approved resolutions relating to, among others, cancellation of the admission of the shares of the Company to trading on AIM (the "Delisting") conditional upon the Hong Kong Listing occurring and on the same day as the date of the Hong Kong Listing.  The resolution approving the Delisting allows the Delisting to occur within a three month period from 20 August to 19 November 2010.  Should there be a change in the expected date of the Hong Kong Listing and the date of the Delisting, the Company will make an announcement regarding such change as soon as practicable and in any event not later than ten clear business days in advance of the final date of Delisting.

The Company further announces that, given that it currently expects the Hong Kong Listing to occur on 28 September 2010 (Tuesday), the election date (the "Election Date") by which shareholders who want their shares to be registered on the Hong Kong share register of the Company on the first day of the Hong Kong Listing should return their duly completed requests for removal of securities to Computershare Investor Services (Jersey) Limited is 6 September 2010 (Monday).  We have posted the "Updated Guidelines to Removal of the Shares of China Medical System Holdings Limited from Jersey Share Register to Hong Kong Share Register in relation to the Hong Kong Listing" on our website: www.chinamedicalsystem.comThe Shareholders should read the updated guidelines and seek advice from their own stockbrokers, nominees or other professional advisers if they have any enquiries on the removal of shares from the Jersey share register to the Hong Kong share register.

For further information, please contact:

China Medical System Holdings Ltd

+ (852) 2369 3889

Vincent Hui


Seymour Pierce Limited (Nominated Adviser)

+ 44 (0)20 7107 8000

Freddy Crossley / Catherine Leftley

 

 

The information contained in this document is not for release, publication or distribution, directly or indirectly, in whole or in part, in, into or from in the United States of America (including its territories and possessions, any state of the United States and the District of Columbia). These materials do not contain, constitute or form part of an offer to sell or the solicitation of an offer to purchase securities in the United States. The securities referred to herein (the "Securities") have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration under the Securities Act except pursuant to an available exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offer of the Securities in the United States.

 

Notes for editors

China Medical System Holdings Limited 

China Medical System Holdings Limited is listed on the Alternative Investment Market (AIM) of the London Stock Exchange with the ticker symbol "CMSH".For further information, please visit www.chinamedicalsystem.com

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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