ORD23 June 2011The Companies Announcements OfficeASX...

ORD

23 June 2011
The Companies Announcements Office
ASX Limited
Caledon Acquisition Update
We are pleased to note that it was announced on 23 June 2011 that the directors of
Guangdong Rising (Australia) Pty Ltd (?Bidco?), a wholly owned indirect subsidiary of
Guangdong Rising Assets Management Co., Ltd (?GRAM?), GRAM and Caledon have reached
agreement on the terms of a recommended cash acquisition of Caledon by Bidco.
The offer price remains at ?1.12 per share in cash. This values the existing share capital
of Caledon at approximately ?313.1 million.
GRAM announced the firm intention to make the offer after having received Chinese
regulatory approval and secured full cash funding. The acquisition will be effected via a
scheme of arrangement. The offer was recommended by Caledon?s board. GRAM has
secured irrevocable undertakings and letters of intent from shareholders and directors
representing a total shareholding of 53.52% in Caledon.
We congratulate GRAM on reaching this significant milestone. We look forward to
GRAM successfully concluding this acquisition.
ORD currently holds an option to acquire up to 10% of Caledon post financial close.
If you have any questions please contact Frank Zhu, Head of Corporate
Development via [email protected].
Frank Zhu, CFA
Ph: 61 2 8307 3877