REPL::Asset Acquisitions and Disposals::PROPOSED ACQUISITION OF GRACE HEALTH GROUP LIMITED

Issuer & Securities

Announcement Title: Asset Acquisitions and Disposals
Date &Time of Broadcast: 20-Feb-2017 18:13:56
Status: Replacement
Announcement Sub Title: PROPOSED ACQUISITION OF GRACE HEALTH GROUP LIMITED
Announcement Reference: SG170219OTHRR4CY
Submitted By (Co./ Ind. Name): Johnny Chan Hon Chung
Designation: Director / Company Secretary
Description (Please provide a detailed description of the event in the box below): The board of directors (the ''Board'') of Swing Media Technology Group Limited (the ''Company'' , and together with its subsidiaries, the ''Group'') refers to the announcement released by the Company on 19 February 2017 in relation to the Proposed Acquisition (the ''Announcement''). The Board wishes to clarify that the effect of the Proposed Acquisition on the Company's NTA per Share attributable to Shareholders is (i) HK$27.37 before the completion of the Proposed Acquisition, (ii) expected to be HK$21.23 after the completion of the Proposed Acquisition, and (iii) expected to be HK$12.30 after the completion of the Proposed Acquisition and the issuance of the new Shares and/or conversion of the Convertible Bonds pursuant to the Fundraising Activities.

Please refer to the attached announcement.

Total size =67K