UDL HOLDINGS<0620> - Announcement
The Stock Exchange of Hong Kong Limited takes no responsibility for
the contents of this announcement, makes no representation as to
its accuracy or completeness and expressly disclaims any liability
whatsoever for any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this announcement.
UDL HOLDINGS LIMITED
(incorporated in Bermuda with limited liability)
1999 ANNUAL GENERAL MEETING
At the special general meeting held on 23 November 1999, the
shareholders passed the special resolution to amend the Bye-Laws
of the Company waiving the requirement to table and adopt the 1999
Audited Accounts at the AGM (as defined below).
The AGM will be held on 21 December 1999 to consider the other
ordinary business of the Company except the 1999 Audited Accounts.
Further to the announcement dated 28 October 1999 made by UDL
Holdings Limited (the "Company"), the board of directors (the
"Board") of the Company would like to advise that at the special
general meeting held on 23 November 1999, the shareholders of the
Company passed the special resolution to amend the Bye-Laws of the
Company waiving the requirement to table and adopt the audited
accounts of the Company for the year ended 31 March 1999 (the "1999
Audited Accounts") at the annual general meeting.
A court hearing of the Company will be held on 1 December 1999 to
obtain further direction from the court in respect of the timing
of the further hearing for approval of the implementation of the
scheme of arrangement (the "Further Hearing") as previously
announced on 28 October 1999. The Company will address the question
of the 1999 Audited Accounts after the Further Hearing. Further
announcement will be made to inform the shareholders of the Company
of such matter as soon as practicable after the Further Hearing.
In order to comply with the requirements of the Companies Acts 1981
of Bermuda and the Company's Bye-Laws, the Company announces to
convene the 1999 annual general meeting of shareholders ("AGM") to
be held on 21 December 1999 to consider the other ordinary business
of the Company except the 1999 Audited Accounts. The resolutions
to be proposed at the forthcoming AGM is set out in the notice below.
By Order of the Board
UDL Holdings Limited
Leung Yat Tung
Chairman
Hong Kong, 23 November 1999
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