08/13/2015 | 09:14am US/Eastern
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Tianjin Binhai Teda Logistics (Group) Corporation Limited* (a joint stock limited company incorporated in the People's Republic of China with limited liability) (Stock Code: 8348) VOLUNTARY ANNOUNCEMENT IN RELATION TO ThE GROUp AFFECTED BY EXpLOSIONS ACCIDENT
This is a voluntary announcement made by Tianjin Binhai Teda Logistics (Group) Corporation Limited* (the "Company") together with its subsidiaries (the "Group").
The board (the "Board") of directors (the "Directors") of the Company hereby announces that at around 23:30 on 12 August 2015, explosions took place in Tianjin Port located at Tianjin Binhai New Area, and a subsidiary and two associates (the "Involved Companies") of the Group operating in Tianjin Port have been affected in a certain extent. According to the information available to the Company, as at 5:00 p.m. today, the Involved Companies have no injuries and deaths and the damaged assets had been insured, so the losses are controllable. Therefore, the Board expected that it will not have a material impact on the production and operation of the Group. The Company will continue to keep update of progress on the accident.
By order of the Board
Tianjin Binhai Teda Logistics (Group) Corporation Limited* Zhang Jian
Chairman
Tianjin, the PRC
13 August 2015
As at the date of this announcement, the Board of Directors comprises of Mr. Zhang Jian as executive Director; Mr. Xu Lifan, Mr. Cui Xuesong, Mr. Tse Ping and Mr. Yang Xiaoping as non-executive Directors; and Mr. Cheng Xinsheng, Mr. Japhet Sebastian Law, Mr. Mei Xingbao and Mr. Zhou Zisheng as independent non-executive Directors. This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will remain on the "Latest Company Announcements" page of the GEM website at www.hkgem.com for 7 days from the date of its posting. This announcement will also be posted on the Company's website at www.tbtl.cn.
...no deaths...
“...the Involved Companies have no injuries and deaths and the damaged assets had been insured, so the losses are controllable. Therefore, the Board expected that it will not have a material impact on the production and operation of the Group.”
I’m sure that message is really going to make the families of the 50+ dead and the 700+ injured feel so much better. I love the way the messengers, “take no responsibility for the contents of the announcement, etc. etc.”
they’ll be made to ‘bao lo’ during the obligatory perp walk..