Prolongation of Suspension of Trading in Listed Shares of Henan Zhongfu Industrial Co., Ltd
Mon, 06/08/2015Amsterdam, 8 June 2015 - Vimetco N.V. (LSE: VICO, “The Company”), notes the announcement of the Company's subsidiary, Henan Zhongfu Industrial Co., Ltd ("Henan Zhongfu"), which is a listed Chinese holding company of the Company's main aluminium producing operations in China.
The Company refers to its announcement made on 27 May 2015 with respect to the suspension of trading of the listed securities in Henan Zhongfu in connection with a potential issuance of shares by it. Based on a further announcement in China, the Company notes that Henan Zhongfu has now informed the market that an investment project (the creation of an Internet Data Centre, the “IDC”), in which it is planned to invest the proceeds from an issue of shares in a private placement, requires, firstly, obtaining authorizations from the government regarding usage of a suitable land plot and, secondly, completion of negotiations with a business partner experienced in IDC management and support. Given that the fulfillment of these requirements will affect the parameters of the private placement, on 5 June 2015 Henan Zhongfu successfully filed an application to the Shanghai Stock Exchange to seek a postponement of resumption of trading. Consequently, suspension of trading in the listed securities of Henan Zhongfu on the Shanghai Stock Exchange has been extended.
The Company further understands that the postponement of resumed trading may last up to 5 trading days.
For further information, please contact:
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Ana-Maria Imbrea Investor Relations Officer Vimetco N.V. Phone: +40 750 067 717 Mobile: +40 752 105 339 Email: amimbrea@vimetco.ro |
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About Vimetco
Vimetco N.V. is a global, vertically integrated producer of primary and processed aluminium products with production assets in China, Romania and Sierra Leone, and a holding company in The Netherlands. Vimetco NV controls annual production capacities of up to one million tonnes of electrolytic aluminium, 340,000 tonnes of processed aluminium products, 600,000 tonnes of alumina, 1.7 million tonnes of bauxite, 2.25 million tonnes of coal, 3 x 300 MW of electricity and 318,000 tonnes of baked anodes per year. Vimetco’s global depositary receipts are listed on the London Stock Exchange (LSE: VICO). www.vimetco.com
