C BILLION RES (00274.HK)'s financial adviser reviewing info
C BILLION RES (00274.HK) announced the Company has engaged a financial adviser in December 2012 to address the matters in respect of the Resumption. The financial adviser is now in the process of reviewing the relevant information and documents of the Group relating to the Resumption and will assist the Company to compile a proposal for the Resumption to be submitted to the Stock Exchange.
In addition, the 2011 Annual Results Announcement and the 2011 Annual Report of the Company for the year ended 31 December 2011 were expected to be published and despatched respectively on or before 31 January 2013. As additional time is required to finalize the information as contained in the 2011 Annual Results and the 2011 Annual Report, the 2011 Annual Results and the 2011 Annual Report are expected to be published and despatched on or before 31 March 2013.
The Group is now focusing on the Resumption and major resources of the Group have been applied to compiling the proposal for Resumption. Nevertheless, the Group is still conducting the businesses and operations according to the principal businesses of the Group. Besides, the Group is in the progress of identifying potential projects. Currently, no concrete investment plans or projects have been determined.
The stock will continue suspended.
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