This announcement is made by Hong Kong Exchanges and Clearing Limited (“HKEX”) pursuant to Rule 13.51B(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Mr Chan Tze Ching, Ignatius, an Independent Non-executive Director of HKEX, is also an independent non-executive director of Mongolian Mining Corporation (“MMC”), a company incorporated in the Cayman Islands whose shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited (Stock Code: 975). According to the 2016 annual report of MMC, it is principally engaged in mining, processing, transportation and sale of coal products.
On 25, 26 and 27 April, and 4 May 2017, MMC published announcements (collectively the “Announcements”) about its proposed offshore debt restructuring. According to the Announcements, (i) the Grand Court of the Cayman Islands and the High Court of Hong Kong have sanctioned MMC’s implementation of schemes of arrangements (the “Schemes”) in the Cayman Islands and Hong Kong in relation to the US$600,000,000 8.875% guaranteed senior secured notes due 2017 issued by MMC, (ii) the respective sanctioning orders have been filed with the Registrar of Companies in the Cayman Islands and in Hong Kong, (iii) the Schemes became effective 26 April 2017 (Hong Kong time); and (iv) the effective date of the debt restructuring (which includes the restructuring of the facilities agreement in the original aggregate principal amount of US$150,000,000 and promissory notes in the aggregate original principal amount of US$105,000,000) occurred on 4 May 2017.
Details of MMC’s debt restructuring are set out in the Announcements and other relevant announcements and documents published by MMC.
By Order of the Board
Hong Kong Exchanges and Clearing Limited Joseph Mau
Company Secretary Hong Kong, 4 May 2017
As at the date of this announcement, HKEX’s Board of Directors comprises 12 Independent Non-executive Directors, namely Mr CHOW Chung Kong (Chairman), Mr Apurv BAGRI, Mr CHAN Tze Ching, Ignatius, Mr CHEAH Cheng Hye, Mr Timothy George FRESHWATER, Ms FUNG Yuen Mei, Anita, Mr Rafael GIL-TIENDA, Dr HU Zuliu, Fred, Mrs LEUNG KO May Yee, Margaret, Mr LEUNG Pak Hon, Hugo,
Mr John Mackay McCulloch WILLIAMSON and Mr YIU Kin Wah, Stephen, and one Executive Director, Mr LI Xiaojia, Charles, who is also HKEX’s Chief Executive.
