DISCLOSEABLE TRANSACTION: SUBSCRIPTION OF INTEREST IN AN INVESTMENT FUND

DISCLOSEABLE TRANSACTION: SUBSCRIPTION OF INTEREST IN AN INVESTMENT FUND

DISCLOSEABLE TRANSACTION
SUBSCRIPTION OF INTEREST IN AN INVESTMENT FUND

THE SUBSCRIPTION
The Board is pleased to announce that on 25 January 2017 (after trading hours), the Subscriber (an indirect wholly-owned subsidiary of the Company) and the Investment Fund entered into the Subscription Agreement, pursuant to which the Subscriber has applied to subscribe for the Participating Shares at the amount of HK$200,000,000. The Investment Fund is managed by the Manager with the objective of generating long term capital appreciation for its shareholders.

IMPLICATIONS UNDER THE LISTING RULES
As one or more of the applicable percentage ratios as defined under Chapter 14 of the Listing Rules in relation to the Subscription are more than 5% but all applicable percentage ratios are less than 25%, the Subscription constitutes a discloseable transaction on the part of the Company and is therefore subject to the notification and announcement requirements under Chapter 14 of the Listing Rules.

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