China Real Est Plc Scheme Of Arrangement Re Court Hearing

16th Jun 2010 16:00

TIDMCREO RNS Number : 7433N China Real Estate Opportunities PLC 16 June 2010 ? China Real Estate Opportunities plc Scheme of Arrangement update: Court Order issued to sanction Scheme Further to the announcement by China Real Estate Opportunities plc ("CREO" or the "Company") on 7 June 2010 regarding the approval of the Scheme and associated matters at the Court Meeting and the EGM, the Company is pleased to announce that the Royal Court of Jersey has today issued the order sanctioning the Scheme by which the transfer of the Company to Treasury China Trust, a Singapore business trust to be listed by introduction on Singapore Exchange Securities Trading Limited ("SGX-ST"), is being implemented. The Scheme will become effective in accordance with its terms upon the Court Order being delivered to the Registrar of Companies in Jersey which is expected to take place on 18 June 2010. The provisions of the Scheme will become operative at 9.00 a.m. (Singapore time) on 21 June 2010. The ordinary shares in CREO were this morning suspended from trading on AIM. The quotation of the CREO shares on AIM is expected to be cancelled at 7.00 a.m. on 21 June 2010. An expected timetable of principal events is set out below. +------------------------------------------------+----------------+ | Event | Time and/or | | | date | +------------------------------------------------+----------------+ | Delivery of Court Order to the Registrar of | 18 June 2010 | | Companies (Scheme Effective Date) | | +------------------------------------------------+----------------+ | Operative Time of the Scheme | 9.00 a.m. | | | (Singapore | | | time) on 21 | | | June 2010 | +------------------------------------------------+----------------+ | Cancellation of admission to trading on AIM of | 7.00 a.m. | | Shares | (London time) | | | on 21 June | | | 2010 | +------------------------------------------------+----------------+ | Listing and commencement of trading of TCT | 21 June 2010 | | Units on the SGX-ST | | +------------------------------------------------+----------------+ The dates given are based on CREO's current expectations and may be subject to change. If any of the expected dates change, CREO will give adequate notice of the changes by issuing an announcement through a Regulatory Information Service or by displaying a notice on its website (www.china-reo.com). Terms defined in the Scheme Document shall have the same meaning(s) when used in this announcement. Enquiries to: CREO Ray Horney, Chairman Tel: + 44 (0) 1273 775 225 Sarah Moriarty, Investor Relations Tel: + 353 1 618 9455 Matrix Corporate Capital LLP Tel: + 44 (0) 20 3206 7000 Paul Fincham, Rob Naylor Davy Des Carville Tel: + 353 1 679 6363 Citigate Dewe Rodgerson Limited Tel: + 44 (0) 20 7638 9571 Tom Baldock Murray Consultants Ed Micheau Tel: + 353 1 498 0300 This information is provided by RNS The company news service from the London Stock Exchange END SOABSGDLDUBBGGL (END) Dow Jones Newswires June 16, 2010 11:00 ET (15:00 GMT)