HK Stock Exchange: Release from Shell Elec Mfg (Hldgs) On Delay Of Circular: “The Company has applied to the Stock Exchange for a further extension of the deadline for despatch of the circular in relation to a loan of HK$160 million advanced by the Group to Pacific Top” (ShellNews.net)

Monday September 27, 10:27 AM

The Stock Exchange of Hong Kong Limited takes no

responsibility for the contents of this announcement, makes

no representation as to its accuracy or completeness and

expressly disclaims any liability whatsoever for any loss

howsoever arising from or in reliance upon the whole or any

part of the contents of this announcement.

SHELL ELECTRIC MFG. (HOLDINGS) COMPANY LIMITED

(Incorporated in Hong Kong with limited liability under the

Companies Ordinance)

(Stock Code : 00081)

MAJOR TRANSACTION

Loan of HK$160 million to Pacific Top International Corp.

DELAY IN DESPATCH OF CIRCULAR

The Company has applied to the Stock Exchange for a further

extension of the deadline for despatch of the circular in

relation to a loan of HK$160 million advanced by the Group

to Pacific Top from 27th September, 2004 to 4th October,

2004.

References are made to the two public announcements made

by Shell Electric Mfg. (Holdings) Company Limited (the

"Company" and, together with its subsidiaries, the "Group")

dated 27th August, 2004 (the "Announcement") and 16th

September, 2004 (the "Extension Announcement") in relation

to a loan of HK$160 million advanced by SMC Microtronic,

a wholly owned subsidiary of the Company, to Pacific Top

for the Term and subject to the terms and conditions of the

Loan Agreement.

Capitalised terms used herein have the meanings ascribed

thereto in the Announcement.

DELAY IN DESPATCH OF CIRCULAR

Under Rule 14.38 of the Listing Rules, the circular in

relation to the above major transaction is required to be

despatched to the Shareholders of the Company no later than

17th September, 2004, being 21 days after the publication

of the Announcement, which date was extended to 27th

September, 2004 by the Stock Exchange on application by the

Company and which extension of despatch was published in

the Extension Announcement.

As additional time is required to prepare the financial

information (principally relating to the compilation of the

statements of indebtedness and of working capital of the

Group) for inclusion in the circular, application has been

made by the Company to the Stock Exchange for consent further

to extend the time for despatch of the circular from 27th

September, 2004 to 4th October, 2004.

Source: Stock Exchange of Hong Kong

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