Response to press speculation


 

TIDMCMSH 
 
RNS Number : 4560S 
China Medical System Holdings Ltd 
09 September 2010 
 
+------------------------------------+------------------------------------+ 
| For Immediate release              |                   9 September 2010 | 
+------------------------------------+------------------------------------+ 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE 
OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR 
JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF 
THE RELEVANT LAWS OR REGULATION. 
 
                       China Medical System Holdings Ltd 
                            ("CMS" or "the Company") 
                          Response to press speculation 
The Board of China Medical System Holdings Limited (AIM: CMSH) notes the 
recent press speculation regarding a possible fundraising and confirms that it 
is conducting a roadshow to certain institutional investors in connection with 
its proposed listing of the Company's shares on the main board of The Hong Kong 
Stock Exchange Limited (the "Proposed Listing"). Any offer will be subject to 
investor demand and market conditions and there is no guarantee that it will 
proceed. 
At the EGM, shareholders approved resolutions relating to, among others, 
cancellation of the admission of the shares of the Company to trading on AIM 
(the "Delisting") conditional upon the Proposed Listing occurring and on the 
same day as the date of the Proposed Listing.  The resolution approving the 
Delisting allows the Delisting to occur within a three month period from 20 
August to 19 November 2010.It is currently expected that the Proposed Listing 
will occur on 28 September 2010 (Tuesday).  Should there be a change in the 
expected date of the Proposed Listing and the date of the Delisting, the Company 
will make an announcement regarding such change as soon as practicable and in 
any event not later than ten clear business days in advance of the final date of 
Delisting. 
 
For further information, please contact: 
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| China Medical System Holdings Ltd     | + (852) 2369 3889  | 
+---------------------------------------+--------------------+ 
| Vincent Hui                           |                    | 
+---------------------------------------+--------------------+ 
| Seymour Pierce Limited (Nominated     | + 44 (0)20         | 
| Adviser)                              | 7107 8344          | 
+---------------------------------------+--------------------+ 
| Chris Howard / Catherine Leftley      |                    | 
+---------------------------------------+--------------------+ 
 
The information contained in this document is not for release, publication or 
distribution, directly or indirectly, in whole or in part, in, into or from in 
the United States of America (including its territories and possessions, any 
state of the United States and the District of Columbia). These materials do not 
contain, constitute or form part of an offer to sell or the solicitation of an 
offer to purchase securities in the United States or in any other jurisdiction. 
The securities referred to herein (the "Securities") have not been and will not 
be registered under the US Securities Act of 1933, as amended (the "Securities 
Act"), and may not be offered or sold in the United States absent registration 
under the Securities Act except pursuant to an available exemption from, or in a 
transaction not subject to, the registration requirements of the Securities Act. 
There will be no public offer of the Securities in the United States or in the 
United Kingdom. 
 
This notice does not constitute an offer to subscribe for any securities of the 
Company. Any investment decision in relation to securities offered pursuant to 
the Proposed Listing should be taken solely in reliance on the information 
provided in any applicable offer document the Company may issue. 
Notes for editors 
China Medical System Holdings Limited 
China Medical System Holdings Limited is listed on the Alternative Investment 
Market (AIM) of the London Stock Exchange with the ticker symbol "CMSH". For 
further information, please visit www.chinamedicalsystem.com 
 
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND ESTIMATES 
 
This announcement contains certain forward-looking statements and estimates with 
respect to the financial condition, results of operations and business of the 
Group and certain plans and objectives of the Board of the Company with respect 
thereto. These forward-looking statements and estimates can be identified by the 
fact that they do not relate only to historical or current facts. 
Forward-looking statements often use words such as 'anticipate', 'target', 
'expect', 'estimate', 'intend', 'plan', 'goal', 'believe', 'will', 'may', 
'should', 'would', 'could' or other words of similar meaning. These statements 
are based on estimates, assumptions and assessments made by the Board in light 
of their experience and their perception of historical trends, current 
conditions, expected future developments and other factors they believe 
appropriate. By their nature, forward-looking statements and estimates involve 
risk and uncertainty, because they relate to events and depend on circumstances 
that will or may occur in the future and the factors described in the context of 
such forward-looking statements in this announcement could cause actual results 
and developments to differ materially from those expressed in or implied by such 
forward-looking statements or estimates. Although the Group and the persons who 
have accepted responsibility for the information contained in this announcement 
believe that the expectations reflected in their respective forward-looking 
statements or estimates are reasonable, they can give no assurance that such 
expectations will prove to have been correct and the Group and the persons who 
have accepted responsibility for the information contained in this announcement 
therefore caution you not to place undue reliance on these forward-looking 
statements or estimates which speak only as at the date of this announcement. 
 
OVERSEAS JURISDICTIONS 
 
The release, publication or distribution of this announcement in jurisdictions 
other than the United Kingdom may be affected by the laws of the relevant 
jurisdictions in which they are located or of which they are citizens. Such 
persons (including, without limitation, nominees, trustees and custodians) 
should inform themselves of, and observe, any applicable legal or regulatory 
requirements of their jurisdictions. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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