首方投资管理(深圳)有限公司.pdfVIP

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 首長四方 ( 集團 ) 有限公司* SHOUGANG CONCORD GRAND (GROUP) LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 730) DISCLOSEABLE AND CONNECTED TRANSACTION On 20 August 2008, Capital Steel, an indirect wholly-owned subsidiary of the Company, and Shenzhen Jiayinda entered into the Share Transfer Agreement pursuant to which Shenzhen Jiayinda agreed to transfer its 20% equity interest in the registered capital of South China Leasing to Capital Steel for a consideration of RMB31,755,150 (equivalent to approximately HK$36,106,000). Shenzhen Jiayinda is a substantial shareholder of South China Leasing, a non-wholly owned subsidiary of the Company. Accordingly, the Acquisition constitutes a connected transaction for the Company which is subject to the reporting, announcement and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules. The Independent Board Committee comprising the independent non-executive Directors has been appointed to consider the terms of the Share Transfer Agreement. Guangdong Securities Limited has been appointed as the independent financial adviser to advise the Independent Board Committee and the Independent Shareholders on the fairness and reasonableness of the terms of the Share Transfer Agreement. As Shenzhen Jiayinda is not interested in any Sh