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SEHKStock Exchange of Hong Kong
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The Company has appointed Morgan Stanley (NYSE:MS) and BNP Paribas (BNP Paribas) as joint sponsors and joint bookrunners for the proposed listing on the SEHK.
The price that SouthGobi will pay for any shares under the share repurchase program on the SEHK shall be, on any date, an amount that is not more than the lesser of: (A) the simple average of the closing price of the Company's common shares on the TSX for the 20 business days preceding the purchase; and (B) 1.
An extraordinary general meeting ("EGM") will be convened by the Group on 12 June 2008 (Thursday) to seek the approval of the shareholders for the proposed withdrawal of listing on the Growth Enterprises Market ("GEM") of the SEHK as well as the proposed listing of the entire issued share capital of the Group on the Main Board of the SEHK.
The benchmark Hang Seng Index on the SEHK closed at 14,998.
The SEHK had earlier told the 30 data providers that their contracts do not allow them to provide real-time data to SIMEX.