Press Release Regarding Early Warning Report
Retrieved on:
Friday, March 17, 2023
HONG KONG, March 17, 2023 (GLOBE NEWSWIRE) -- This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103-The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, in connection with the filing of an early warning report regarding Leung Lee CHAN (the “Receiver”) and Bless Delight Global Investments Limited (the “Successor Secured Lender”), taking control over 24,691,628 ordinary shares (the “Shares”) of Century Global Commodities Corporation (the “Issuer”) (TSX: CNT).
Key Points:
- THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES OR TO U.S. NEWS AGENCIES
HONG KONG, March 17, 2023 (GLOBE NEWSWIRE) -- This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103-The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, in connection with the filing of an early warning report regarding Leung Lee CHAN (the “Receiver”) and Bless Delight Global Investments Limited (the “Successor Secured Lender”), taking control over 24,691,628 ordinary shares (the “Shares”) of Century Global Commodities Corporation (the “Issuer”) (TSX: CNT). - Ben Koon WONG (the “Borrower”), through his wholly-owned company, Purple Star Holdings Limited (“Purple Star”), owns the Shares.
- On November 30, 2022, the Successor Secured Lender was assigned all the interests of the Original Lender under that loan agreement.
- All transactions reported in this news release occurred in the Hong Kong Special Administrative Region of the People's Republic of China.