After recent announcements of smaller than expected gold reserves at its newly leased properties, Sino-Sud Resources may now no longer meet the minimum criteria for listing on the Hong Kong Stock Exchange.
The company is warning of the possibility that Sino-Sud Resources will not meet the HKSE's minimum valuation threshold. Management is working to revise estimates and projections to reflect the latest core sample data.
Sino-Sud Resources continues its commitment for excellence in creating value for its shareholders. If an IPO on the Hong Kong exchange proves unlikely after the revised estimates are submitted, alternative capital markets will be pursued. More details will be announced as they become available.
This press article contains forward looking statements. Past performance does not guarantee future results. This article does not constitute any part of Sino-Sud Resources' annual report, prospectus, offering memorandum or any other document required for Security Commission compliance. Sino-Sud Resources makes every effort to ensure the accuracy of the contents of its articles. There may be errors, omissions, technical or typographical errors for which the company assumes no responsibility. Sino-Sud Resources does not guarantee, warrant or make any representations regarding the accuracy, usefulness, validity, reliability or completeness of the information contained in this article. Sino-Sud Resources will not be held liable for any direct or indirect damages including, but not limited to, negligence by employees or persons working under contract for the company.
Investors should never rely solely on the information contained in this article. The information contained in this article is not a substitute for independent professional guidance. Advice should be acquired from an investment advisor who has the authority to trade in Sino-Sud Resources securities. Duplication, re-transmission or modification of this article, either electronically or otherwise is strictly prohibited without the express permission of Sino-Sud Resources. An official copy of this article can be obtained by sending a self-addressed envelope to Sino-Sud Resources, Level 54 Guangzhou IFC, No.5, Zhujiang Road West, Guangzhou 510623 PRC, China. Please use our contact us form on the companies official website at sinosud.com for any other enquiries.