DESON DEV INT'L<00262> - Unusual price & volume movements
The Stock Exchange has received a message from Deson Development
International Holdings Limited which is reproduced as follows:-
"This statement is made at the request of The Stock Exchange of Hong Kong
Limited.
We have noted the increase in price and trading volume of the shares of
the Company today and wish to state that we are not aware of any reasons
for such increases.
Save as disclosed in the announcements of the Company dated 6 April 2006
in relation to (1) the placing of 15,000,000 existing shares at HK$0.34
each and top-up subscription of 15,000,000 new shares of the Company, by
Sparta Assets Limited, the controlling shareholder of the Company, at a
subscription price of HK$0.34 per new share; (2) conditional issue of HK$
15,750,000 4 per cent convertible notes due 2009 at a conversion price (
subject to adjustment) of HK$0.45 to Penta Investment Advisers Limited;
and (3) the completion of acquisition of the entire issued share capital
of Winsome Properties Limited and related loan contribution, the Board
confirm that there are no negotiations or agreements relating to intended
acquisitions or realizations which are discloseable under Rule 13.23,
neither is the Board aware of any matter discloseable under the general
obligation imposed by Rules 13.09, which is or may be of a price-sensitive
nature.
Made by the order of the Board of the Company, the directors of which
individually and jointly accept responsibility for the accuracy of this
statement.
For and on behalf of
Deson Development International Holdings Limited
Ong Chi King
Executive Director and Company Secretary
10 April 2006
As at the date of this notice, the board of directors of the Company
comprises five executive directors, namely, Mr. Wang Ke Duan, Mr. Tjia
Boen Sien, Mr. Wang Jing Ning, Mr. Keung Kwok Cheung and Mr. Ong Chi King
and three independent non-executive directors, namely Mr. Ho Chung Tai,
Raymond, Mr. Siu Man Po, and Mr. Wong Shing Kay, Oliver."
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