Crocodile 0122

[winston]

not vested

CROCODILE (00122.HK) Selling Shareholder Ends Negotiation with Potential Purchaser

CROCODILE (00122.HK) +0.150 (+8.824%) announced that the board was informed by the selling shareholder that on 12 June 2015 (after trading hours), the selling shareholder terminated negotiation with the potential purchaser in respect of the possible transaction.

For the purpose of the Takeovers Code, the offer period in respect of the Possible Transaction is closed on the date of this announcement.

Source: AAStocks Financial News

[winston]

CROCODILE Dives 19% to Over 8-Month Low

CROCODILE (00122.HK) breached below the lowest level of January to hit the trough of $0.82, hitting over 8-month low.

The stock last traded at $0.83, diving nearly 19%, on surging volume to 21.48 million shares.

CROCODILE announced that it has been informed by chairman Lam Kin-ming that the potential disposal of his shares has terminated.

In January 2016, Lam proposed to sell 477 million shares in the share capital of the company to the potential buyer, accounting for 50.38% of the issued share capital.

Source: AAStocks Financial News