REPL::Asset Acquisitions and Disposals::Proposed Acquisition of Strand Hotel International Limited

Issuer & Securities

Announcement Title: Asset Acquisitions and Disposals
Date &Time of Broadcast: 06-May-2019 23:19:15
Status: Replacement
Announcement Sub Title: Proposed Acquisition of Strand Hotel International Limited
Announcement Reference: SG190426OTHRHTFL
Submitted By (Co./ Ind. Name): Cyrus Pun
Designation: Chief Executive Officer
Description (Please provide a detailed description of the event in the box below): RECEIPT OF APPROVAL IN-PRINCIPLE IN RESPECT OF THE LISTING & QUOTATION OF UP TO 19,829,729 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY ("CONSIDERATION SHARES") AT AN ISSUE PRICE OF US$0.185 (THE "ISSUE PRICE") PER CONSIDERATION SHARES TO OAKFAME INVESTMENT LIMITED ("OAKFAME") PURSUANT TO THE PROPOSED ACQUISITION OF 15.28% OF STRAND HOTEL INTERNATIONAL LIMITED FROM OAKFAME AND ITS HOLDING COMPANY, SUN HUNG KAI & CO. LIMITED (COLLECTIVELY, THE "VENDORS") (THE "PROPOSED ACQUISITION")

Please see attached.

Total size =8319K