Sino-Sud Resources Acquires More Properties, Increases Share Offering Approval Period
Sino-Sud Resources’ Initial Public Offering originally scheduled for autumn 2012 will now be postponed due to a significant increase in the company’s value driven by ongoing property acquisitions.
Guangzhou, China, November 14, 2012 --(PR.com)-- Securities regulations require a longer subscription period in order to allow market authorities and potential investors time to fully assess the upwards impact of the companies value due to recent acquisitions. Some of the company’s new properties have already tested very high in potential mineral yields.
Subject to regulatory requirements and due diligence under securities law, the preliminary target price was expected to be 100HDK ($13USD). An updated shareholder report will be issued once revised pricing is set, on or about December 2012. Only qualified institutional and individual investors with deposits vested with accredited brokers will be able to participate in the offering. The Hong Kong Stock Exchange (HKSE) continues to be the projected venue for the offering.
This press article contains forward looking statements. Past performance does not guarantee future results. This article does not constitute any part of Sino-Sud Resources’ annual report, prospectus, offering memorandum or any other document required for Security Commission compliance. Sino-Sud Resources makes every effort to ensure the accuracy of the contents of its articles. There may be errors, omissions, technical or typographical errors for which the company assumes no responsibility. Sino-Sud Resources does not guarantee, warrant or make any representations regarding the accuracy, usefulness, validity, reliability or completeness of the information contained in this article. Sino-Sud Resources will not be held liable for any direct or indirect damages including, but not limited to, negligence by employees or persons working under contract for the company.
Investors should never rely solely on the information contained in this article. The information contained in this article is not a substitute for independent professional guidance. Advice should be acquired from an investment advisor who has the authority to trade in Sino-Sud Resources securities. Duplication, re-transmission or modification of this article, either electronically or otherwise is strictly prohibited without the express permission of Sino-Sud Resources. An official copy of this article can be obtained by sending a self addressed envelope to Sino-Sud Resources, Level 54 Guangzhou IFC, No.5, Zhujiang Road West, Guangzhou 510623 PRC, China. Please use our contact us form on the companies official website at sinosud.com for any other enquiries.
Subject to regulatory requirements and due diligence under securities law, the preliminary target price was expected to be 100HDK ($13USD). An updated shareholder report will be issued once revised pricing is set, on or about December 2012. Only qualified institutional and individual investors with deposits vested with accredited brokers will be able to participate in the offering. The Hong Kong Stock Exchange (HKSE) continues to be the projected venue for the offering.
This press article contains forward looking statements. Past performance does not guarantee future results. This article does not constitute any part of Sino-Sud Resources’ annual report, prospectus, offering memorandum or any other document required for Security Commission compliance. Sino-Sud Resources makes every effort to ensure the accuracy of the contents of its articles. There may be errors, omissions, technical or typographical errors for which the company assumes no responsibility. Sino-Sud Resources does not guarantee, warrant or make any representations regarding the accuracy, usefulness, validity, reliability or completeness of the information contained in this article. Sino-Sud Resources will not be held liable for any direct or indirect damages including, but not limited to, negligence by employees or persons working under contract for the company.
Investors should never rely solely on the information contained in this article. The information contained in this article is not a substitute for independent professional guidance. Advice should be acquired from an investment advisor who has the authority to trade in Sino-Sud Resources securities. Duplication, re-transmission or modification of this article, either electronically or otherwise is strictly prohibited without the express permission of Sino-Sud Resources. An official copy of this article can be obtained by sending a self addressed envelope to Sino-Sud Resources, Level 54 Guangzhou IFC, No.5, Zhujiang Road West, Guangzhou 510623 PRC, China. Please use our contact us form on the companies official website at sinosud.com for any other enquiries.
Contact
Sino-Sud Resources
Scott Kingsley
+8620 2889 3190
www.sinosud.com/
Contact
Scott Kingsley
+8620 2889 3190
www.sinosud.com/
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