Emperor (China Concept) Investments Limited (“the Company”) is pleased to announce that the following resolutions were duly passed by the Shareholders and the Independent Shareholders at the Special General Meeting held on 3 January 2005.
1. Acquisition of a Property in Macau On 3rd November, 2004, the Group entered into agreement, to participate in 45% interest in a project to acquire a building in Macau from an independent third party at a consideration of HK$645,000,000. The building was to be converted into a hotel with casino concourse hall, VIP casino halls, food and beverage outlets, entertainment facilities as well as retail outlets. The Company estimated investment in the project is HK$405,000,000 and the hotel is expected to be completed by the end of 2005.
2. Share Subdivision The Company intended to subdivided each share into 10 shares. The Trading of the Subdivided Share on the Stock Exchange will commence on 4 January 2005.
The Director propose to effect the Share Subdivision under which the par value of each issued Share and unissued Share will be adjusted from HK$0.001 to HK$0.0001 by subdividing each Share into ten Subdivided Shares. As a result, base upon 13,206,883 issued Shares as on 3 January 2005, upon the Share Subdivision becoming effective, there will be 132,068,830 Subdivided Shares in issue.
3. Rights Issue The Company proposed to raise fund by launching a right issue at a proportion of five rights shares for one issued share at a subscription price of HK$0.68 per right share. The Company intends the raised fund at approximate HK$449,000,000 for the acquisition of a Macau property and as general working capital. The trading of the Nil Paid Rights on the Stock Exchange will commence from 5 January 2005 to 13 January 2005. And last acceptance date for the Rights Issue will be on 18 January 2005.
4. Whitewash Waiver If Emperor Securities Limited (“Emperor Securities”), as the underwriter, is required pursuant to the Underwriting Agreement to take up the Right Shares, immediately following completion of the Right Issue. Worthly Strong Investment Limited (“Worthly Strong”), its associates and their respective concert parties (including Emperor Securities) are required to make mandatory general offer for the Shares of the Company under the Takeovers Code. Application has been made by Worthly Strong to the Securities and Future Commission to waive its obligation to make such general offer (“Whitewash Waiver”). And the Whitewash Waiver is required to be approved by independent shareholders.
5. Change of the name of the Company The Company proposed to change the Company’s name to Emperor Entertainment Hotel Limited and to adopt a new Chinese name of 「英皇娛樂酒店有限公司」in lieu of Emperor (China Concept) Investments Limited and its Chinese name of 「英皇（中國概念）投資有限公司」.
After the meeting, the Managing Director of the Company Ms. Vanessa M.S. Fan responded to reporters’ inquiries and said, “I am glad that the three resolutions are duly passed by the independent shareholders by way of poll in today’s meeting. This helps to show that majority of independent shareholders are inclined to support our latest projects. Following the adoption of the new names of the Company, we will not only focus on the development of casino hotel in Macau, but also expand to other new business of similar nature beyond our existing businesses.”
The Company’s board of directors are pleased to announce that at the Special General Meeting, the resolutions in relation to a) the Acquisition, b) the Rights Issue, c) the Whitewash Waiver were duly passed by Independent Shareholders by way of poll and the resolutions in relation to d) the Share Subdivision,and e) the change the name of the Company were duly passed by the Shareholders.
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Distributed by: Emperor (China Concept) Investment Limited Prepared by: Public Affairs Department, Emperor Group Enquiry: Ms. Christina NgTel: 2835 6787Fax: 2893 5327
