Following the Chairman and Managing Director's visit to China and a discussion with a senior official of the NDRC last Thursday and a further discussion with Hanlong, it is expected that an extension to Hanlong's NDRC Provisional Approval will be confirmed prior to Chinese New Year which commences on 9 February 2013. Upon receiving confirmation from Hanlong of an extension to its NDRC Provisional Approval, a revised Scheme timetable as set out in the Annexure will take effect. Pursuant to Listing Rule 17.2, the Company intends to lift Voluntary Suspension following confirmation of the extension to Hanlong's NDRC Provisional Approval which is anticipated prior to market open on Monday, 11 February 2013.
SDL Price at posting:
34.0¢ Sentiment: None Disclosure: Held