Scheme of arrangement re Cour

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 Companies (Scheme Effective Date)	18 June 2010
Operative Time of the Scheme	9.00 a.m. (Singapore time) on 21 June 2010
Cancellation of admission to trading on AIM of Shares	7.00 a.m. (London time) on 21 June 2010
Listing and commencement of trading of TCT Units on the SGX-ST	21 June 2010

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

 

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