Mar 5, 2018 - Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibilit
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 announcement.
i-CABLE COMMUNICATIONS LIMITED (Incorporated in Hong Kong with limited liability) (Stock Code:1097)
UNUSUAL PRICE AND TRADING VOLUME MOVEMENTS AND CLARIFICATION ON NEWS ARTICLES This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’). The board (the ‘‘Board’’) of directors (the ‘‘Directors’’) of i-CABLE Communications Limited (the ‘‘Company’’, together with its subsidiaries, the ‘‘Group’’) noted the recent increases in the price and trading volume of the shares of the Company. Having made such enquiry with respect to the Company as is reasonable in the circumstances, the Board confirms that it is not aware of any reasons for these price and trading volume movements or of any information which must be announced to avoid a false market in the Company’s securities or of any inside information that needs to be disclosed under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). The Board also noted that there are several recent news articles which stated that the Group intend to acquire at least 10 channels from ‘‘21st Century Fox’s group company’’ and planned to have a capital injection of at least HK$500 million whenever necessary. The Company wishes to clarify that, as at the date of this announcement, the Group has business arrangements with Fox Networks Group Asia Pacific Limited on the provision of programme channels to the Group, which is in the ordinary and usual course of business of the Group, instead of acquiring channels from ‘‘21st Century Fox’s group company’’. The Company also wishes to clarify that the Company is not aware of any capital injection plan as at the date of this announcement. Shareholders and potential investors of the Company should exercise caution when dealing in the shares of the Company.
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This announcement is made by the order of the Company. The Directors collectively and individually accept responsibility for the accuracy of this announcement. By order of the Board i-CABLE COMMUNICATIONS LIMITED Kwok Chi Kin Company Secretary Hong Kong, 5 March 2018 As at the date of this announcement, the Board comprises ten Directors, namely Tan Sri Dato’ David Chiu (Chairman), Dr. Cheng Kar-Shun, Henry (Vice-chairman), Dr. Cheng Chi-Kong, Adrian, Mr. Tsang On Yip, Patrick and Mr. Hoong Cheong Thard as nonexecutive Directors, Mr. Andrew Wah Wai Chiu as executive Director, and Mr. Lam KinFung, Jeffrey, Mr. Hu Shao Ming Herman, Mr. Luk Koon Hoo, Roger and Mr. Tang Sing Ming Sherman as independent non-executive Directors.
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