2337.HK FORTE (Shanghai Forte) 9-JULY-2008 4:10PM SGT HK$2.18 +HK$0.28 +14.74%
SHANGHAI FORTE LAND CO., LTD.
(a Sino-Foreign joint stock limited company incorporated in the PRC with limited liability)
(Stock code: 2337)
UNUSUAL PRICE AND TRADING VOLUME MOVEMENT
This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the “Stock Exchangeâ€).
Shanghai Forte Land Co., Ltd.(the “Companyâ€) has noted today’s increase in the price and the trading volume of the shares of the Company and wishes to state that the Company is not aware of any reasons for such movement.
The Company was notified by its controlling shareholder, Fosun International Limited, on 9 July 2008 that Fosun International Limited has carried out certain purchases totalling 5,000,000 shares, 10,000,000 shares and 5,000,000 shares of the Company on 7th, 8th and 9th July 2008, respectively.
Apart from the above, the board of directors of the Company (the “Boardâ€) confirms that there are no negotiations or agreements relating to intended acquisitions or realizations which are discloseable under rule 13.23 of the Rules Governing the Listing of Securities on the Stock Exchange (the “Listing Rulesâ€), and neither is the Board aware of any matter discloseable under the general obligation imposed by rule 13.09 of the Listing Rules, which is or may be of a price-sensitive nature.
Made by the order of the Board, the directors of which individually and jointly accept responsibility for the accuracy of this statement.
By order of the Board
Shanghai Forte Land Co., Ltd.
Guo Guangchang
Chairman
Shanghai, PRC, 9 July 2008
As at the date of this announcement, the executive Directors are Mr. Guo Guangchang, Mr. Fan Wei and Mr. Wang Zhe; the non-executive Directors are Mr. Ding Guoqi and Mr. Feng Xiekun; the
independent non-executive Directors are Mr. Charles Nicholas Brooke, Mr. Chen Yingjie, Mr. Zhang
Hongming and Ms. Wang Meijuan.