Valartis Group AG: The Extraordinary General Meeting of Citychamp Watch & Jewellery Group Ltd. has endorsed acquisition of Valartis Bank (Liechtenstein) AG
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Valartis Group AG /
Valartis Group AG: The Extraordinary General Meeting of Citychamp Watch &
Jewellery Group Ltd. has endorsed acquisition of Valartis Bank (Liechtenstein)
AG
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The issuer is solely responsible for the content of this announcement.
As expected, the Extraordinary General Meeting of Citychamp Watch & Jewellery
Group Ltd.[1] has endorsed the acquisition of the Liechtenstein-based Valartis
banking group[2], within the framework of a share purchase agreement (SPA)[3],
with a considerable majority. From a current viewpoint, the closing of the sales
transaction can be expected within the third quarter of 2016, thus the last
precondition on the successful implementation of recovery plans for Valartis
Finance Holding AG and Valartis Group AG would be fulfilled.
Continuity for clients and employees
Citychamp Watch & Jewellery Group Ltd. intends to continue the business
activities of the bank in Liechtenstein, with the existing management and all
employees, in order to continue to provide professional financial services in
the fields of wealth management, investment advisory and fund management.
Agenda
General Meeting 2017 16 May 2017
For further information, please contact:
Kim-My Schefer, Head Corporate Communications & Marketing, Valartis Group AG
Tel. +41 44 503 54 02, corporate.communications(at)valartis.ch
Chi Wah Fong, CFO, Citychamp Watch & Jewellery Group Ltd., Tel. +852 2275 3706
Lai Lam, CEO Assistant, Citychamp Watch & Jewellery Group Ltd., Tel.
+852 2275 3761
www.citychampwatchjewellery.com
Valartis Group
Valartis Group is an international finance group with offices in Switzerland,
Liechtenstein, Luxembourg, as well as Moscow and St. Petersburg. Valartis Group
AG (Baar, Switzerland) is listed on the Swiss stock exchange, SIX Swiss
Exchange. Continued operations include the fields of Corporate Finance, Private
Equity and Real Estate Project Management together with participations in the
financial services sector. www.valartisgroup.ch
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[1] See also media release from 26 August 2016: FMA Liechtenstein and the
Hong Kong Stock Exchange (HKEX) approve the sale of Valartis Bank
(Liechtenstein) AG. http://www.valartisgroup.ch/en/News-Media/News-Media-
Releases/
[2] See also HKEX, Circular of 26 August 2016, chapter Letter from the
Board: "The Irrevocable Undertakings by the Controlling Shareholder", p. 37;
http://www.hkexnews.hk/listedco/listconews/sehk/2016/0826/LTN20160826019.pdf
[3] See also media release from 29 March 2016: Valartis Group to sell
Valartis Bank (Liechtenstein) AG to Citychamp Watch & Jewellery Group Ltd.
(Valartis Group AG's Liechtenstein-based finance holding company - Valartis
Finance Holding AG - holds approximately 70 percent of capital in Valartis Bank
(Liechtenstein) AG.) http://www.valartisgroup.ch/en/News-Media/News-Media-
Releases/
Press release (PDF):
http://hugin.info/143135/R/2041620/761901.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Valartis Group AG via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 13.09.2016 - 11:30 Uhr
Sprache: Deutsch
News-ID 494316
Anzahl Zeichen: 3930
contact information:
Town:
Baar ZG
Kategorie:
Business News
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