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amlithiumpower Senior	04-Oct-2017 14:14        amlithiumpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ha... as the tension goes on, everyone keep scaring themselves, holders and non-holders alike.  http://infopub.sgx.com/FileOpen/Clarification%20Announcement%20on%20the%20News%20Article%20Published%20in%20the%20Edge%20Singapore.ashx?App=Announcement& FileID=422737 Remember this twist on 27 Sep 2016, that  Company has received an email confirmation to commence introduction talks with Temasek Holdings through a Singapore statutory body, no formal talks have taken place to-date.  Maybe after 1 year, some small talks have taken place and with the development of lithium industry and the offtake contract with Burwill (Previous FMG offtaker) and a potential equity stake in AM, Temasek would be more interested in AM when nearer to production.  andychew.eh      ( Date: 04-Oct-2017 14:09) Posted: Jonathan lim keng hock ----> bought madagascar rare earth concessions for a few mils and sold to John Soh Chee Wei of ISR for a few mil -----> ISR valued it at US$ 1 billion. Hype of ISR stock began after that. Is AM another ISR ? andychew.eh      ( Date: 04-Oct-2017 13:55) Posted: Not sure if this is all a well played script. Lim keng hock and AM ceo may be in the same team afterall. You see, lim keng hock is involved in reo magnetic, who bought the madagascar rare earth concession from german company for a few million but later sold to ISR in which john soh chee wen valued it at us$ 1 billion. So , is lim keng hock "so simple " as in his dealings with ceo for AM ? I think the story may not be so simple after all. Is there really high lithium concentrates in their project ? Ceo used to deal with big mnc like jap mishubitshi trading. Why get involved with burwill whose market cap only hkd 1 bil or so and think made net loss of hkd 200 mil last year ? If lithium concentrates so high, why only discover in 2015 "out of the blue" when in 2014 their biz going thru a rough patch as media-ed ?
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andychew.eh Senior	04-Oct-2017 14:09        andychew.eh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Jonathan lim keng hock ----> bought madagascar rare earth concessions for a few mils and sold to John Soh Chee Wei of ISR for a few mil -----> ISR valued it at US$ 1 billion. Hype of ISR stock began after that. Is AM another ISR ? andychew.eh      ( Date: 04-Oct-2017 13:55) Posted: Not sure if this is all a well played script. Lim keng hock and AM ceo may be in the same team afterall. You see, lim keng hock is involved in reo magnetic, who bought the madagascar rare earth concession from german company for a few million but later sold to ISR in which john soh chee wen valued it at us$ 1 billion. So , is lim keng hock "so simple " as in his dealings with ceo for AM ? I think the story may not be so simple after all. Is there really high lithium concentrates in their project ? Ceo used to deal with big mnc like jap mishubitshi trading. Why get involved with burwill whose market cap only hkd 1 bil or so and think made net loss of hkd 200 mil last year ? If lithium concentrates so high, why only discover in 2015 "out of the blue" when in 2014 their biz going thru a rough patch as media-ed ?
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amlithiumpower Senior	04-Oct-2017 14:07        amlithiumpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	Due to the fact that NAL is still a privately held company under  Jien International Investments Ltd. and Investissement Qué bec and Burwill will only subscribe when its going to be listed.  Company is currently in discussions with Burwill in relation to, inter alia, the third and final prepayment of A$4,375,000 from Burwill that was due on 15 September 2017 (&ldquo Amount Due&rdquo ) under the lithium concentrate offtake agreement (&ldquo Agreement&rdquo ) and certain other terms of the Agreement.  This is the part why everyone get so confused on why Tawana received the prepayment while AM do not receive in time. So currently, AM is in discussions with Burwill and Burwill is talking to an overseas listed company.  So AM fit into the ccriteria while NAL is out due to the fact its a privately held company, Tawana are out as the agreement is signed with Lithco which is also a private company under Tawana. So if there can be more legitimate names to be out, we all can consider its merits to be a possible candidates of the mystery party. If not, it will be as clear cut as our recent Reserved Election, doesn' t it? DYODD and IMO sheerluck      ( Date: 04-Oct-2017 13:55) Posted: AMAL halting announcement clearly stated is in relation to update on off take agreement.  Clearly all this talk about Burwill interest in AMAL is totally out of context. But when Burwill said oversea listed company, most are quick to dismiss NAL and all pointing towards AMAL.  There are evidences that Burwill has interest in NAL but none in AMAL so far.
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sheerluck Supreme	04-Oct-2017 13:55        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	AMAL halting announcement clearly stated is in relation to update on off take agreement.  Clearly all this talk about Burwill interest in AMAL is totally out of context. But when Burwill said oversea listed company, most are quick to dismiss NAL and all pointing towards AMAL.  There are evidences that Burwill has interest in NAL but none in AMAL so far.
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andychew.eh Senior	04-Oct-2017 13:55        andychew.eh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not sure if this is all a well played script. Lim keng hock and AM ceo may be in the same team afterall. You see, lim keng hock is involved in reo magnetic, who bought the madagascar rare earth concession from german company for a few million but later sold to ISR in which john soh chee wen valued it at us$ 1 billion. So , is lim keng hock "so simple " as in his dealings with ceo for AM ? I think the story may not be so simple after all. Is there really high lithium concentrates in their project ? Ceo used to deal with big mnc like jap mishubitshi trading. Why get involved with burwill whose market cap only hkd 1 bil or so and think made net loss of hkd 200 mil last year ? If lithium concentrates so high, why only discover in 2015 "out of the blue" when in 2014 their biz going thru a rough patch as media-ed ?
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amlithiumpower Senior	04-Oct-2017 13:44        amlithiumpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	Usualluy it should be 10%+-. Recently it went down to 21c and if the issue or conversion price to be at 27c I would say its not a bad deal after all. Especially those who have bought 21-24c range.   luanboo      ( Date: 04-Oct-2017 13:40) Posted: Importantly what price is the issue. Atom99      ( Date: 04-Oct-2017 13:09) Posted: If shares placement,that means dilution of AMAL' s shares. I would prefer they do a CB placement so that in the short term there is no dilution of AMAL' s shares. IMO
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luanboo Member	04-Oct-2017 13:40        luanboo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Importantly what price is the issue. Atom99      ( Date: 04-Oct-2017 13:09) Posted: If shares placement,that means dilution of AMAL' s shares. I would prefer they do a CB placement so that in the short term there is no dilution of AMAL' s shares. IMO. amlithiumpower      ( Date: 04-Oct-2017 13:03) Posted: CAD 15M is way above HKD 90M and I think since AM are negotiating with Burwill on the prepayment that Tawana already received, then highly possible part of the deal will translate into equity components
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risktaker Supreme	04-Oct-2017 13:40        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	Burwill already sold 2018 lithium delivery .....thru their JV... Alliance will like issue CB to Burwill for the final payment and additional $5m for working capital amlithiumpower      ( Date: 04-Oct-2017 13:18) Posted: The Company is negotiating with independent third parties in respect of the Company&rsquo s shares issuance (including but not limited to issue of bonds, convertible bonds) (the &ldquo Transaction&rdquo ).  Quoted from Burwill on their 25 Sep announcement. They can refer shares issuance as bonds and convertible bonds as well. Maybe its the language they using so AM got chance to to issue either shares or convertible bonds to Burwill. Most likely would be convertible bond since their 27 Sep announcement stated approximately HK$90,000,000 for up-stream lithium resources business which will be used for prepayment for supplies of lithium concentrates and for loans to lithium concentrates suppliers. Only CB can be classify as loans or equity. Ha... Any takers? Atom99      ( Date: 04-Oct-2017 13:09) Posted: If shares placement,that means dilution of AMAL' s shares. I would prefer they do a CB placement so that in the short term there is no dilution of AMAL' s shares. IMO
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amlithiumpower Senior	04-Oct-2017 13:18        amlithiumpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Company is negotiating with independent third parties in respect of the Company&rsquo s shares issuance (including but not limited to issue of bonds, convertible bonds) (the &ldquo Transaction&rdquo ).  Quoted from Burwill on their 25 Sep announcement. They can refer shares issuance as bonds and convertible bonds as well. Maybe its the language they using so AM got chance to to issue either shares or convertible bonds to Burwill. Most likely would be convertible bond since their 27 Sep announcement stated approximately HK$90,000,000 for up-stream lithium resources business which will be used for prepayment for supplies of lithium concentrates and for loans to lithium concentrates suppliers. Only CB can be classify as loans or equity. Ha... Any takers? Atom99      ( Date: 04-Oct-2017 13:09) Posted: If shares placement,that means dilution of AMAL' s shares. I would prefer they do a CB placement so that in the short term there is no dilution of AMAL' s shares. IMO. amlithiumpower      ( Date: 04-Oct-2017 13:03) Posted: CAD 15M is way above HKD 90M and I think since AM are negotiating with Burwill on the prepayment that Tawana already received, then highly possible part of the deal will translate into equity components
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Atom99 Master	04-Oct-2017 13:13        Atom99 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Once you hv eliminated the impossible,whatever remains TRUTH"
x 0   x 0  Alert Admin	Actually, there is a report that says that NAL is going for a IPO,in TSE,  on October.Yes.Uptodate nothing has happened. DYOR and DOYDD amlithiumpower      ( Date: 04-Oct-2017 13:10) Posted: As of now, NAL is still not a listed co and BCL undertakes to subscribe for no more than approximately 10% stake in NAL (upon completion of the NAL Listing) for a total Consideration of CAD25,000,000 (equivalent to approximately HK$145,000,000).  However, the way the latest announcement is drafted as existing overseas listed company. 100% sure not NAL but 99.9% sure of AM. Ha... risktaker      ( Date: 04-Oct-2017 12:43) Posted: i think 99.9% share subscription in alliance :
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RedEye1811 Master	04-Oct-2017 13:10        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Agree. Personally I give highest probability to it being AMAL given the " crumbs" being left about. But to try and cover all bases, and be somewhat conservative, then best to consider all options even if does not seem likely. amlithiumpower      ( Date: 04-Oct-2017 13:03) Posted: CAD 15M is way above HKD 90M and I think since AM are negotiating with Burwill on the prepayment that Tawana already received, then highly possible part of the deal will translate into equity components. RedEye1811      ( Date: 04-Oct-2017 12:57) Posted: I wonder if Burwill had to issue a disclosure in response to the climb in SP today. To my knowledge HKSE does not issue public query requests if trading activity is in question. SGX, KLSE and ASX do it publicly but I think HKSE do not. I could be wrong, but if correct then perhaps someone behind scenes at HKSE sent them a private query (which they can do) to ask. And their disclosure the result. It is more than likely the overseas company is AMAL so high probability there. However, it can indeed be regarding the Canadian company, or even ones not on our radar. Give odds it AMAL but very easy to be a surprise. The announcement of Burwill saying in " negotiations" tends to infer to me that we headed for a suspension with AMAL as they still trying to work out the details. Very annoying as perhaps they should have not made a TH till negotiations finalized. If Burwill can trade on, why AMAL sitting on the fence smoking?
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amlithiumpower Senior	04-Oct-2017 13:10        amlithiumpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	As of now, NAL is still not a listed co and BCL undertakes to subscribe for no more than approximately 10% stake in NAL (upon completion of the NAL Listing) for a total Consideration of CAD25,000,000 (equivalent to approximately HK$145,000,000).  However, the way the latest announcement is drafted as existing overseas listed company. 100% sure not NAL but 99.9% sure of AM. Ha... risktaker      ( Date: 04-Oct-2017 12:43) Posted: i think 99.9% share subscription in alliance :) Atom99      ( Date: 04-Oct-2017 12:33) Posted:   OFFTAKE CONTRACT AND NAL SHARE SUBSCRIPTION On 9 June 2017, a wholly-owned subsidiary of the Company, BCL, entered into the Offtake Contract with NAL, pursuant to which, BCL will receive a high grade lithium concentrate of 80% of the total production of the La Corne Lithium Mine Project in Quebec, Canada. The Offtake Contract is for a period of three years, after which BCL may extend such right of purchase to the same for subsequent five years. The purchasing price will be determined by both parties based on market conditions. BCL undertakes to subscribe for no more than approximately 10% stake in NAL (upon completion of the NAL Listing) for a total Consideration of CAD25,000,000 (equivalent to approximately HK$145,000,000). LISTING RULES IMPLICATIONS As the applicable percentage ratios in respect of the NAL Share Subscription exceed 5% but less than 25%, the NAL Share Subscription constitutes a discloseable transaction for the Company and accordingly, is subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules. The Board is pleased to announce that on 9 June 2017, a wholly-owned subsidiary of the Company, BCL, entered into a lithium concentrate Offtake Contract with NAL. OFFTAKE CONTRACT Date: 9 June 2017 Sellers: North American Lithium Inc. Buyer: Burwill Commodity Limited, a wholly-owned subsidiary of the Company As at the date of this announcement, to the best of the knowledge, information and belief of the Board, having made all reasonable enquiries, NAL and its respective ultimate beneficial owners are third parties, independent of the Company and its connected persons. - 2 - Pursuant to the Offtake Contract, BCL will receive a high grade lithium concentrate of 80% of the total production from NAL of the La Corne Lithium Mine Project in Quebec, Canada, while another 20% of the total production is reserved for sale to an European commodity trader. The Offtake Contract is for a period of three years, after which BCL may extend such right of purchase to the same for subsequent five years. The purchasing price will be determined by both parties based on market conditions. The first shipment of lithium concentrate will start from around the 3rd quarter, and till the end of 2017, BCL will receive approximately 32,000 dry tons of lithium concentrate from the project. Subsequently, BCL will receive the amount not less than 80,000 dry tons per year. NAL Share Subscription Pursuant to the Offtake Contract, BCL has promised to pay the Consideration in a total of CAD25,000,000 for the subscription of approximately a total of 6,000,000 common shares of NAL (representing approximately no more than 10% of the enlarged share capital of NAL upon completion of the NAL Listing). BCL shall pay the Consideration to NAL on or before 10 July 2017. If NAL Listing fails to complete by 30 September 2017, the CAD10,000,000 payment by BCL will be for the subscription of certain common shares of NAL and the CAD15,000,000 payment by BCL will become an advance payment made by BCL to NAL for the purchase of products under the Offtake Contract and will be repaid by NAL to BCL by way of set-off against the purchase price for the products in accordance with the Offtake Contract. The payment for the Consideration for the NAL Share Subscription will be funded by internal resources of the Group.
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Atom99 Master	04-Oct-2017 13:09        Atom99 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Once you hv eliminated the impossible,whatever remains TRUTH"
x 0   x 0  Alert Admin	If shares placement,that means dilution of AMAL' s shares. I would prefer they do a CB placement so that in the short term there is no dilution of AMAL' s shares. IMO. amlithiumpower      ( Date: 04-Oct-2017 13:03) Posted: CAD 15M is way above HKD 90M and I think since AM are negotiating with Burwill on the prepayment that Tawana already received, then highly possible part of the deal will translate into equity components. RedEye1811      ( Date: 04-Oct-2017 12:57) Posted: I wonder if Burwill had to issue a disclosure in response to the climb in SP today. To my knowledge HKSE does not issue public query requests if trading activity is in question. SGX, KLSE and ASX do it publicly but I think HKSE do not. I could be wrong, but if correct then perhaps someone behind scenes at HKSE sent them a private query (which they can do) to ask. And their disclosure the result. It is more than likely the overseas company is AMAL so high probability there. However, it can indeed be regarding the Canadian company, or even ones not on our radar. Give odds it AMAL but very easy to be a surprise. The announcement of Burwill saying in " negotiations" tends to infer to me that we headed for a suspension with AMAL as they still trying to work out the details. Very annoying as perhaps they should have not made a TH till negotiations finalized. If Burwill can trade on, why AMAL sitting on the fence smoking?
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amlithiumpower Senior	04-Oct-2017 13:05        amlithiumpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	I' m using 10% since Burwill also use 10% off their last closing price of HKD 0.29 to determine the conversion price of their CB. Hope it will be more realistic. amlithiumpower      ( Date: 04-Oct-2017 12:43) Posted: Perhaps for mine ongoing working capital Burwill raised HK90M (S$15.67M) for prepayment and loan to lithium offtake and supplier. Outstanding prepayment required: AUD 4,375,000 (S$4.67M) Balance: S$11M If used last traded price: 30c with a 10% discount will be at 27c for the new placement price. Hence total new shares to be issued: 40.74m Current Float: 480M Percentage of dilution: 8.5% This is based on my opinion that it might be this layout. DYODD Atom99      ( Date: 04-Oct-2017 12:22) Posted: Looks like AMAL is going raise cash by placement of shares to BurwillHL? IMO. DYOR and DYOD
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amlithiumpower Senior	04-Oct-2017 13:03        amlithiumpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	CAD 15M is way above HKD 90M and I think since AM are negotiating with Burwill on the prepayment that Tawana already received, then highly possible part of the deal will translate into equity components. RedEye1811      ( Date: 04-Oct-2017 12:57) Posted: I wonder if Burwill had to issue a disclosure in response to the climb in SP today. To my knowledge HKSE does not issue public query requests if trading activity is in question. SGX, KLSE and ASX do it publicly but I think HKSE do not. I could be wrong, but if correct then perhaps someone behind scenes at HKSE sent them a private query (which they can do) to ask. And their disclosure the result. It is more than likely the overseas company is AMAL so high probability there. However, it can indeed be regarding the Canadian company, or even ones not on our radar. Give odds it AMAL but very easy to be a surprise. The announcement of Burwill saying in " negotiations" tends to infer to me that we headed for a suspension with AMAL as they still trying to work out the details. Very annoying as perhaps they should have not made a TH till negotiations finalized. If Burwill can trade on, why AMAL sitting on the fence smoking?
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Atom99 Master	04-Oct-2017 13:03        Atom99 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Once you hv eliminated the impossible,whatever remains TRUTH"
x 0   x 0  Alert Admin	IMO.If it is AMAL placement ... 40 -50 millions shares@$.027? Wait.... DYOR and DYODD. furnaces      ( Date: 04-Oct-2017 12:57) Posted: Burwill announcement out, likely waiting for AMAL before full disclosure. Just wonder how much and at what price.
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furnaces Veteran	04-Oct-2017 12:57        furnaces About Contact  Quote this Post!
x 0   x 0  Alert Admin	Burwill announcement out, likely waiting for AMAL before full disclosure. Just wonder how much and at what price.
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RedEye1811 Master	04-Oct-2017 12:57        RedEye1811 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I wonder if Burwill had to issue a disclosure in response to the climb in SP today. To my knowledge HKSE does not issue public query requests if trading activity is in question. SGX, KLSE and ASX do it publicly but I think HKSE do not. I could be wrong, but if correct then perhaps someone behind scenes at HKSE sent them a private query (which they can do) to ask. And their disclosure the result. It is more than likely the overseas company is AMAL so high probability there. However, it can indeed be regarding the Canadian company, or even ones not on our radar. Give odds it AMAL but very easy to be a surprise. The announcement of Burwill saying in " negotiations" tends to infer to me that we headed for a suspension with AMAL as they still trying to work out the details. Very annoying as perhaps they should have not made a TH till negotiations finalized. If Burwill can trade on, why AMAL sitting on the fence smoking?
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risktaker Supreme	04-Oct-2017 12:43        risktaker About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Posts are opinions. Do not take it as investment advise "
x 0   x 0  Alert Admin	i think 99.9% share subscription in alliance :) Atom99      ( Date: 04-Oct-2017 12:33) Posted:   OFFTAKE CONTRACT AND NAL SHARE SUBSCRIPTION On 9 June 2017, a wholly-owned subsidiary of the Company, BCL, entered into the Offtake Contract with NAL, pursuant to which, BCL will receive a high grade lithium concentrate of 80% of the total production of the La Corne Lithium Mine Project in Quebec, Canada. The Offtake Contract is for a period of three years, after which BCL may extend such right of purchase to the same for subsequent five years. The purchasing price will be determined by both parties based on market conditions. BCL undertakes to subscribe for no more than approximately 10% stake in NAL (upon completion of the NAL Listing) for a total Consideration of CAD25,000,000 (equivalent to approximately HK$145,000,000). LISTING RULES IMPLICATIONS As the applicable percentage ratios in respect of the NAL Share Subscription exceed 5% but less than 25%, the NAL Share Subscription constitutes a discloseable transaction for the Company and accordingly, is subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules. The Board is pleased to announce that on 9 June 2017, a wholly-owned subsidiary of the Company, BCL, entered into a lithium concentrate Offtake Contract with NAL. OFFTAKE CONTRACT Date: 9 June 2017 Sellers: North American Lithium Inc. Buyer: Burwill Commodity Limited, a wholly-owned subsidiary of the Company As at the date of this announcement, to the best of the knowledge, information and belief of the Board, having made all reasonable enquiries, NAL and its respective ultimate beneficial owners are third parties, independent of the Company and its connected persons. - 2 - Pursuant to the Offtake Contract, BCL will receive a high grade lithium concentrate of 80% of the total production from NAL of the La Corne Lithium Mine Project in Quebec, Canada, while another 20% of the total production is reserved for sale to an European commodity trader. The Offtake Contract is for a period of three years, after which BCL may extend such right of purchase to the same for subsequent five years. The purchasing price will be determined by both parties based on market conditions. The first shipment of lithium concentrate will start from around the 3rd quarter, and till the end of 2017, BCL will receive approximately 32,000 dry tons of lithium concentrate from the project. Subsequently, BCL will receive the amount not less than 80,000 dry tons per year. NAL Share Subscription Pursuant to the Offtake Contract, BCL has promised to pay the Consideration in a total of CAD25,000,000 for the subscription of approximately a total of 6,000,000 common shares of NAL (representing approximately no more than 10% of the enlarged share capital of NAL upon completion of the NAL Listing). BCL shall pay the Consideration to NAL on or before 10 July 2017. If NAL Listing fails to complete by 30 September 2017, the CAD10,000,000 payment by BCL will be for the subscription of certain common shares of NAL and the CAD15,000,000 payment by BCL will become an advance payment made by BCL to NAL for the purchase of products under the Offtake Contract and will be repaid by NAL to BCL by way of set-off against the purchase price for the products in accordance with the Offtake Contract. The payment for the Consideration for the NAL Share Subscription will be funded by internal resources of the Group. Atom99      ( Date: 04-Oct-2017 12:28) Posted: Maybe not AMAL.But Shares placement from NAL in Canada
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amlithiumpower Senior	04-Oct-2017 12:43        amlithiumpower About Contact  Quote this Post!
x 0   x 0  Alert Admin	Perhaps for mine ongoing working capital Burwill raised HK90M (S$15.67M) for prepayment and loan to lithium offtake and supplier. Outstanding prepayment required: AUD 4,375,000 (S$4.67M) Balance: S$11M If used last traded price: 30c with a 10% discount will be at 27c for the new placement price. Hence total new shares to be issued: 40.74m Current Float: 480M Percentage of dilution: 8.5% This is based on my opinion that it might be this layout. DYODD Atom99      ( Date: 04-Oct-2017 12:22) Posted: Looks like AMAL is going raise cash by placement of shares to BurwillHL? IMO. DYOR and DYODD Atom99      ( Date: 04-Oct-2017 12:19) Posted: INSIDE INFORMATION This announcement is made by Burwill Holdings Limited (the &ldquo Company&rdquo ) pursuant to Rule 13.09 of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the &ldquo Listing Rules&rdquo ) and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong). The Company is negotiating with an overseas listed company for subscription of its new shares by way of placement (the &ldquo Transaction&rdquo ). Further announcement will be made by the Company when there is any new development with regard to the Transaction. By Order of the Board Burwill Holdings Limited CHAN Shing Chairman Hong Kong, 4 October 2017
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