▾

External sources (not reviewed)

Same as the two recent occasions when legislation was enacted to effect a pay cut for the civil service, any pay reduction for 2009-10 will have to take effect from a forward date in view of the legal advice that legislation empowering a pay cut for the civil service can only take effect prospectively; and that it would not be lawful to backdate a pay reduction.

Mr Li joined the CMC Group in 1991 and has since been assigned to a number of subsidiary companies including the appointments of: Vice General Manager of Minmetals Finance Company Limited in 1994, and General Manager from 1997 to 2007; Vice General Manager of the Finance Branch of CMC from 2001 to 2002; Vice General Manager of Minmetals Investment & Development Company Limited in 2002, and General Manager from 2005 to March 2009; Assistant President of CMC in 2007 and promoted to Vice President in 2008; and Chairman of Shanxi Guanlv (a company listed on the Shenzhen Stock Exchange) from April 2009 to April 2010.

[...] [...] “Technology Know-how”); (ii) Handyman initially focused on the development of traditional gearing and throttle control system used in automobiles, and acquired a few [...][...]

The decrease in transshipment container throughput was mainly due to two reasons: (i) the corresponding period of 2009 saw historical high level of throughputs being handled by the WIT Port which had not recurred since; and (ii) the drop in containers bound for direct sailing to Yangshan Port in Shanghai ( ) calling at the WIT Port as shipping companies have both reduced the number of their regular sailings and shifted some sailings to the competitor port, the Hanyang Port.

Following the global recession caused by the financial crisis, in 2009, revenues decreased by 24% due to a world-wide sales decline in the Scope Products that mainly incurred in Brazil, Russia, the United Kingdom and France.

[...] [...] achieve a 45% increasein after-taxprofit from 2009.

She further obtained a professional diploma in computer application from the Renmin University of China in 1996, a senior diploma in Innovative Management MIA from senior research class in Tsinghua University in 2006 and a Master degree in business administration for senior management from Dalian Polytechnic in July 2006.

Excluding the after-tax effect of revaluation of investment properties and major disposal of noncore assets and investments, which led to aggregate gains of HK$1,050 million in 2009 and HK$495 million in 2008, the Group’s underlying consolidated profit attributable to the Company’s shareholders from the continuing operations would have increased by 11.6% for the year ended 31 December 2009.

[...] [...] of other conditions precedent, the par value of each [...][...]

Subsequently on 31 March 2009 and 11 May 2009 respectively, a second and a third supplementary [...][...]

At 31st March 2010, the carrying amount of trade receivables and retention receivables were approximately HK$42,320,000 (2009: HK$15,226,000) (net of impairment loss of approximately HK$23,288,000 (2009: HK$24,052,000)) and HK$3,402,000 (2009: HK$2,035,000) (net of HK$1,464,000 impairment loss (2009: HK$2,727,000)), respectively.

[...] [...] HK$0.13 per share, was subsequentlyadjusted to HK$0.064 [...][...]

[...] attributable the equity holders of the Company forthe nine months ended 30 September 2009 was arrived at after crediting, among other things, interest income of approximately RMB1.3 million, exchange gain of approximately RMB0.2 million, government subsidies of approximately RMB13.9 million, and the release of a financial guarantee liability of approximately RMB2.4 million, and charging, among other things, depreciation and amortization charges of approximately RMB22.7 million, equity-settled share-based payments expenses of approximately RMB13.5 million, professional fees allocated to the listing of the Company’s existing shares of approximately RMB9.1 million charged to the profit and loss account, tax expense of approximately RMB127.9 million, andminority interests of approximately RMB11.0 million.

Pursuant to the new Listing Rules requirement effective from 1 January 2009, voting by poll is now mandatory for all shareholders meetings.

As a result of acquiring MMG, the Company has commenced an exciting process of transformation, and I am honoured to have the opportunity to lead the Company as it realises its strategic objective of building an international, diversified, upstream base metals mining company.

[...] fulfilled by a date falling ninetydays after thedate of the Agreement, [...][...]

THAT, conditional on (i) the Listing Committee of The Stock Exchange of Hong Kong Limited granting the listing of, and permission to deal in, the shares of HK$0.001 each in the capital of the Company following the Capital Reduction (as defined below) becoming effective; (ii) compliance with Section 46 of the Companies Act 1981 of Bermuda; and (iii) the passing of Ordinary Resolution Nos. 3, 4 and 5 set out in the Notice, with effect from 25 May 2006 (Hong Kong time), or such other day and at such time as the board of directors of the Company may determine

Excluding an after-tax revaluation surplus of approximately HK$912 million (2008: approximately HK$415 million) and the decrease in deferred tax liabilities of approximately HK$52 million resulting from a reduction in the Hong Kong profits tax rate in 2008, the attributable profit of the division in 2009 would have increased by 30.3% over the previous year.

Subject to the passing of the relevant resolution at the forthcoming annual general meeting, final dividend will be payable on or around 16 June 2008 to shareholders registered as at 6 June 2008.

The revised 2002 final dividend proposal of HK¢28 per share, which totals HK$935 million (2001:HK$167 million) was subsequently approved by shareholders on 14th May 2003 and was paid on 2nd June 2003.

The Issuer may, on or at any time after 9 August 2011 and not later than 9 December 2012, having given the required notice, redeem the Exchangeable Bonds, in whole or in part, if the closing price of the Shares for any 20 Trading Days out of the 30 consecutive Trading Days (as defined in the terms and conditions of the Exchangeable Bonds) prior to the date upon which notice of such redemption is given was (a) at least equivalent to the 155% of the prevailing Exchange Price during the period commencing on 9 August 2011 and up to 9 February 2012 and (b) 135% of the prevailing Exchange Price commencing on 9 February 2012.

In view of the relatively small magnitude, the mildly inflationary environment, stability and morale of the civil service as well as the staff sides’ pay claims, we recommend that the pay offer for civil servants in these two salary bands for 2009-10 should be no change.

Apart from the Share Award Scheme, at no time during 2009 was the Company or any of its subsidiaries a party to any arrangements to enable the Directors of the Company to acquire benefits by means of acquisition of shares in, or debentures of, the Company or any body corporate.

Save as disclosed above, as at 31 December 2009, noneof the Directors and chief executives of the Company had any interests and short positions in the shares or underlying shares or debentures of the Company or any of its associated corporations (within the meaning of Part XV of the SFO) that was required to be recorded pursuant to section 352 of the SFO, or as otherwise notified to the Company and the Stock Exchange pursuant to the Model Code.

Where any Concession Property is taken possession of under section 19A(2), the Government is liable to pay such compensation to the Corporation in relation to that Concession Property as would be required to be paid by KCRC to the Corporation under the Service Concession Agreement had the Concession Property been taken possession of by KCRC or redelivered by the Corporation to KCRC under the Service Concession Agreement upon the termination or expiryof the Service Concession Agreement.

Subsequently,KCRCsuggestednew proposals, [...][...]

If, at the end of this 90-day period, the SEC has not objected to the filing, the suspension will automatically become a termination of the Company’s registration and reporting requirements to the SEC.

The Company would seek approval of the Independent Shareholders of the Continuing Connected Transactions and the Annual Cap for each of the three financial years ending 31 December 2008, 2009 and 2010 pursuant to Rules 14A.35 and 14A.48 of the Listing Rules.