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| Securities (Disclosure of Interests) Daily Summaries |
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SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES PRINTED: 30/08/99 PAGE: 1
DIRECTORS'/CHIEF EXECUTIVES' NOTIFICATIONS REPORT - B
(GRANTS, ASSIGNMENTS AND EXERCISES OF RIGHTS)
STOCK NAME : Legend Hold (0992)
Director/Chief Executive G/E Class Company Name Quantity Exercise Period Ex. Price Consideration
------------------------------------ --- --------------- ------------------------------- ------------------ --------------- ---------- ---------------
GUO WEI E ORD LEGEND HOLDINGS LTD 1,000,000 - - 0
MA XUEZHENG E ORD LEGEND HOLDINGS LTD 1,000,000 - - 0
E ORD LEGEND HOLDINGS LTD 400,000 - - 0
YANG YUANQING E ORD LEGEND HOLDINGS LTD 1,000,000 - - 0
***** END OF REPORT *****
Notes:
N1 Li Tzar Kai, Richard holds the entire issued share capital of
Pacific Century Group Holdings Limited ("PCG"). PCG holds the
entire issued share capital of Pacific Century International
Limited ("PCIL"). PCIL holds the entire issued share capital of
Pacific Century Group (Cayman Islands) Limited ("PCG(CI)").
PCG(CI) holds the entire issued share capital of Anglang
Investments Limited. Anglang and PCG(CI) hold 116,906,718 shares
and 115,691,105 shares in Pacific Century Regional Developments
Limited ("PCRD") (an aggregate of 232,597,823 shares in PCRD).
Anglang and PCG(CI) hold 57,826,950 and 30,121,412 redeemable
cumulative preference shares (an aggregate of 87,948,362 redeemable
cumulative preference shares in PCRD) respectively. PCRD holds
4,403,226,000 shares, which constitutes approximately 68.2% of the
entire issued share capital of the Company. PCG holds 435,484,000
shares, which constitutes approximately 6.8% of the entire issued
share capital of the Company. Accordingly, Li Tzar Kai, Richard
is interested in an aggregate of 4,838,710,000 shares (held by PCG
and PCRD). Li Tzar Kai, Richard is also deemed to be interested
in the convertible bonds of not more than an aggregate of
HK$959,999,900 to be issued to PCG and PCRD respectively.
Pacific Century Diversified Limited ("PCD") and Intel Pacific, Inc.
("Intel") entered into a conditional agreement (the "Agreement")
dated 27 July 1999 (as amended by an amending agreement dated
30 July 1999 and a further amending agreement dated 5 August 1999),
under which PCD shall, inter alia, procure that the Company shall
issue to it (or such member of the PCD Group as PCD may designate)
752,302,268 shares (the "Shares") in the Company.
On 18 August 1999, the Company, PCD and Intel entered into a deed of
novation (the "Deed") under which, inter alia, PCD novated to the
Company and the Company assumed all the obligations which the Company
is required to perform under the Agreement, including but not limited
to the Company's obligation to issue the Shares to PCD under the
Agreement.
The entire issued share capital of Chiltonlink Limited
("Chiltonlink") is held by Li Tzar Kai, Richard. The entire
issued share capital of PCD is held by Chiltonlink. Accordingly,
Li Tzar Kai, Richard is interested in the Shares to be allotted
and issued to PCD by the Company upon completion of the Agreement.
N2 The acquisition of 227,160,000 shares is subject to and conditional
upon the Heads of Agreement entered into between Windway Enterprises
Limited, Dragon Centre Limited and Wah Tak Fung Holdings Limited on
24 June 1999. The agreements have been terminated on 31 July 1999
and 4 August 1999. Details of which are set out in the announcement
of 14 August 1999.
N3 Manta Corporation has entered into an Agreement for the Sale and
Purchase of shares in Getrich Limited with Amazing Asset Corp. on
24 June 1999. Pursuant to the said Agreement, Manta Corporation
shall transfer the entire issued share capital of the Company to
Amazing Assets Corp. on 31 December 1999 (or such other date as the
parties may agree in writing) and upon the satisfaction of the
conditions set out therein. The total consideration of
HK$20,000,000.00 shall be satisfied by the allotment and issue
of 400,000,000 shares of HK$0.05 each in the Company credited as
fully paid to Manta Corporation or as it may direct. The agreement
has been terminated on 4 August 1999.
N4 Exercise of share option.
N5 Expiry of warrant.
N6 On 2nd August, 1999, Sa Sa International Holdings Limited (the
"Company") entered into a service agreement (the "Service Agreement")
with Mr. Roger King ("Mr. King") pursuant to which the Company agreed
to the following"-
(i) to issue 9,000,000 ordinary shares of HK$0.10 each ("Shares")
to Mr. King over a period of three years from the date of the
agreement in lieu of cash, such Shares to be issued at par,
credited as fully paid ("Remuneration Shares");
(ii) two options as follows:-
(a) an option to subscribe for the following number of
Shares ("Option A"):-
1,346,528,000 X [40,500,000 / (1,346,528,000 X (2.40 -P))]
P=80% of the average closing price of the Shares for
the five trading days immediately after 2nd August, 1999;
(b) an option to subscribe for Shares equal to an amount
of HK$7,800,000 ("Option B");
(c) subscription price: 80% of average closing price of
the Shares for the five trading days immediately after
2nd August, 1999;
(d) exercise period: Option A - 2nd August, 1999 to
2nd February, 2007
Option B - 60 days from the date on
which the conditions (set out below)
are satisfied
vesting: Option A - monthly over three years
Option B - immediate
(e) the Shares to be issued pursuant to the exercise of
Option A and Option B are referred to as the ("Option
Shares").
N7 On 21 July 1999 (Close of the Offer), Intelligent Trico Investment
Holdings Limited ("ITI") has received valid acceptances in respect
of 27,073,000 shares of the Company under the cash offer and on the
same date , ITI has acquired 7,588,000 shares of the Company from
market as announced by the Company on 21 July 1999.
N8 Consideration per unit : $0.925 & $0.930
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