We refer to the
announcements dated 30 April 2014, 25 August 2014 and 15 October 2014 in
relation to the Proposals. Unless otherwise stated,
words and phrases used in this announcement shall have the same meanings as
defined in the aforesaid announcements.
On behalf of the Company, HLIB wishes to announce that the SC has, via
its letter dated 17 October 2014 (which was received on 20 October 2014),
approved the issuance of the RCULS under subsection 214(1) of the Capital
Markets & Services Act 2007, subject to the compliance with the standard
conditions and continuing obligations as stipulated in the Guidelines on Private
Debt Securities issued by the SC (Guidelines
on PDS).
Prior to the issuance of the RCULS, HLIB is required to submit a
checklist of compliance with the standard conditions and continuing obligations
as stipulated in the Guidelines on PDS and any other condition imposed in any
other letter issued in connection with the Proposed Rights Issue of RCULS.
This announcement is
dated 20 October 2014.