Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited
take no responsibility for the contents of this announcement, make no representation as to
its accuracy or completeness and expressly disclaim any liability whatsoever for any loss
howsoever arising from or in reliance upon the whole or any part of the contents of this
(Incorporated in Hong Kong with limited liability)
(Stock code: 727)
IN RELATION TO
ISSUE OF PREFERRED SHARES BY A SUBSIDIARY
Reference is made to the announcement of the Company dated 27 October 2009 (the
“Announcement”) in relation to entering into of the Term Sheet in respect of the issue
of Preferred Shares by a subsidiary and the discloseable transaction relating to deemed
disposal of interest in a subsidiary. Unless otherwise defined, capitalized terms used in this
announcement shall have the same meanings as those defined in the Announcement.
As disclosed in the Announcement, pursuant to the Term Sheet, UIHHL and the Subscriber
(the “Parties”) will enter into a definitive subscription agreement for the Subscription (the
“Subscription Agreement”) within 30 days after the signing of the Term Sheet. The Board is
pleased to announce that after the trading hours of the Stock Exchange on 28 October 2009,
the Parties entered into the Subscription Agreement to formalize the terms of the Subscription
under the Term Sheet. The Directors confirm that the terms and conditions of the Subscription
Agreement do not contain material variation from those of the Term Sheet, which have been
disclosed in the Announcement.
Pursuant to the terms of the Subscription Agreement, the Subscription Agreement supersedes
all previous agreements among the Parties in connection with the Subscription including the
By order of the Board
VXL Capital Limited
Director and Chief Executive Officer
Hong Kong, 29 October 2009
As at the date of this announcement, the Board comprises:
Executive Directors: Independent non-executive Directors:
Datuk LIM Chee Wah Mr. Alan Howard SMITH, J.P.
Mr. Percy ARCHAMBAUD-CHAO Dr. Allen LEE Peng Fei, J.P.
Mr. XIAO Huan Wei Mr. David YU Hon To