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Dingyi Group Investment Ltd announces update on proposed acquisition of Elemental Minerals Ltd

Tuesday, 17 Dec 2013 07:02pm EST 

Dingyi Group Investment Ltd:Refers to its previous announcements in respect of Dingyi Group Investment's proposed acquisition of Elemental Minerals Ltd.Says pon Dec. 16, the Stock Exchange informed Dingyi Group Investment that it considers that the proposed acquisition is a reverse takeover under Rule 14.06(6) of the Listing Rules and a transaction intended to list the assets to be acquired and to circumvent the new listing requirements.Says in the circumstances, in accordance with Rule 14.54 of the Listing Rules, the Stock Exchange will treat a listed issuer proposing a reverse takeover as if it were a new listing applicant.Says it is currently considering its options with regard to the proposed acquisition in light of the above, and a further announcement will be made when appropriate. 

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