Monday, March 16, 2015

China Wish Acquires 9.55% Stake in SouthGobi at HK$2.873/Share - UPDATE

- Updates with owner of China Wish Limited

March 19 (Cover Mongolia) A Disclosure of Interests notice announced today reveals SouthGobi Resources had gained a new substantial shareholder in China Wish Limited (registered address Flat 2601, 26/F, Paul Y Centre, 51 Hung To Road, Kwun Tong, Kowloon, Hong Kong).

China Wish Limited, in turn, is wholly-owned by China Wish Group Ltd (registered address TMF Chambers, P.O. BOX 3269, Apia, Samoa), which is wholly-owned by Liu Zidong (劉子棟).

China Wish acquired 20,880,663 shares or 9.55% stake in SouthGobi via an off-market transaction at HK$2.873 a share, become a substantial holder in the company on February 12. Nature of the transaction was categorized as “Surrender of rights to shares”.

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