SPH Notice – China Resources Enterprise, Limited (“CRE”)
3459-7523-3052 1 1
Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013
To NZX Limited
and
To Scales Corporation Limited
Date this disclosure made: 25 July 2022
Date on which substantial holding began: 22 July 2022
Substantial product holder(s) giving disclosure
Full name(s): China Resources Enterprise, Limited ("CRE")
Summary of substantial holding
Class of quoted voting products: Ordinary Shares in Scales Corporation Limited (NZX: SCL)
("SCL").
Summary for CRE
For this disclosure,—
(a) total number held in class: 21,500,000
(b) total in class: 142,721,868
(c) total percentage held in class: 15.064%
Details of relevant interests
Details for CRE
Nature of relevant interest(s): Registered holder and beneficial owner of financial products.
For that relevant interest,—
(a) number held in class: 21,500,000
(b) percentage held in class: 15.064%
(c) current registered holder(s): China Resources Ng Fung Limited ("CRNF")
(d) registered holder(s) once transfers are registered: China Resources Enterprise,
Limited
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure: On 22 July 2022, CRE and its
related parties gave effect to a solvent internal restructure pursuant to which CRNF
3459-7523-3052 1 2
transferred 21,500,000 ordinary shares held by it in SCL to CRE for NZ$4.76 per share.
Settlement of the transfer occurred on 22 July 2022.
Additional information
Address(es) of substantial product holder(s): 39/F China Resources Building, 26 Harbour
Road, Wanchai, Hong Kong.
Contact details: China Resources
C/- Ian Beaumont
Russell McVeagh
Level 30
48 Shortland Street, Auckland
Telephone: +64 9 367 8302
Email: ian.beaumont@russellmcveagh.com
Name of any other person believed to have given, or believed to be required to give, a
disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products
to which this disclosure relates: China Resources Ng Fung Limited.
Certification
I, Lai Po Sing, director of China Resources Enterprise, Limited, certify that, to the best of my
knowledge and belief, the information contained in this disclosure is correct and that I am
duly authorised to make this disclosure by all persons for whom it is made.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
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