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BackJan 05, 2012
Date Announced
:
 05/01/2012  



Type
:
 Announcement
Subject
:
OTHERS

Description
:
XIDELANG HOLDINGS LTD (“XDL”)
- CLARIFICATION ON THE NEWS ARTICLE PUBLISHED IN THE NANYANG PRESS ON WEDNESDAY, 4 JANUARY 2012, WHICH STATES THAT NAVIS CAPITAL HAD INDICATED THEIR INTENTION TO ACQUIRE SHARES IN XDL.

Announcement Details/Table Section :

Further to the Company's announcement on the subject matter, XDL, after making due enquiry with the major shareholder, HongPeng International Holdings Ltd wish to inform that there was no discussion on Navis Capital's offer price which is equivalent to 1.2 times of the book value during the informal discussion.