[ET Net News Agency, 14 February 2018] Fullshare Holdings (00607) and China High Speed
Transmission Equipment (CHS) (00658) said whilst the discussions between Five Seasons XVI
Limited, Ji Changqun and the potential offeror are still on-going, no commitment or any
formal or legally binding agreement has been reached or entered into between the parties.
The potential offeror is Neoglory Prosperity Inc., a company established under the laws
of the People's Republic of China, the shares of which are listed on the Shenzhen Stock
Exchange (SZSE Stock Code: 002147). The controlling shareholder of the potential offeror
is Neoglory Holdings Group Co. Ltd., which is ultimately and beneficially owned by Zhou
Xiaoguang and her spouse Yu Yunxin.
Fullshare and CHS said in January that each of Five Seasons XVI Limited and Ji Changqun
entered into a memorandum of understanding with an independent third party in relation to
a possible conditional voluntary partial cash offer for more than 50% but not exceeding
75% of the issued shares of CHS.
Five Seasons, a direct wholly-owned subsidiary of Fullshare, currently holds about
73.91% stake in CHS. Ji, the chairman of the board of directors of Fullshare, the chief
executive officer and an ultimate controlling shareholder of Fullshare, is also personally
interested in about 1.09% stake of CHS. Five Seasons, Ji and Fullshare are the controlling
shareholders of CHS.
Each of Fullshare and CHS has applied for resumption of trading in the shares this
afternoon. (HL)