COSCO Pacific Limited
(Incorporated in Bermuda with limited liability)
(Stock Code: 1199)
RESULTS OF TENDER FOR
CONCESSION RIGHTS OF THE PIRAEUS PORT
This announcement is made by the Company on a voluntary basis.
The Company has received a formal notification from PPA dated 12th June, 2008
(after trading hours) that the board of directors of PPA have approved the minutes of
the evaluation committee of PPA regarding the ranking table of bidders of the
Concession and that the Company has been appointed as the provisional highest
bidder in respect of its bid for the Concession.
Reference is made to the announcements of the Company dated 4th June, 2008 and
10th June, 2008 (the “Announcements”). Unless otherwise specified herein, terms
used in the Announcements shall have the same meanings herein.
This announcement is made by COSCO Pacific Limited (the “Company”) on a
voluntary basis.
The Company has received a formal notification from PPA dated 12th June, 2008
(after trading hours) that the board of directors of PPA have approved the minutes of
the evaluation committee of PPA regarding the ranking table of bidders of the
Concession and that the Company has been appointed as the provisional highest
bidder in respect of its bid for the Concession.
The Company will now proceed to complete the further procedures as stipulated
under the rules of the tender, including, among other things:
Negotiation of the terms of the formal concession agreement between PPA and
the selected provisional highest bidder;
Upon successful completion of negotiation, execution of formal concession
agreement with PPA; and
Ratification of the executed concession agreement by the Hellenic Republic,
which would involve hearings and public debate by the relevant committee(s)
and plenary session of the Greek Parliament and final vote by the plenary
session of the Greek Parliament.
The Company will issue further announcement(s) regarding the latest development of
the Bid as and when appropriate and in compliance with the requirements of the
Listing Rules.
On behalf of the Board
COSCO Pacific Limited
XU Minjie
Vice Chairman & Managing Director
Hong Kong, 13th June, 2008
As at the date of this announcement, the Board of Directors of the Company comprises the
following:
Dr. WEI Jiafu2 (Chairman), Mr. CHEN Hongsheng1, Mr. LI Jianhong1, Mr. XU
Lirong2, Ms. SUN Yueying1, Mr. XU Minjie1 (Vice Chairman & Managing Director),
Dr. SUN Jiakang2, Dr. WONG Tin Yau, Kelvin1, Mr. WANG Zhi1, Mr. YIN Weiyu1,
Dr. LI Kwok Po, David3, Mr. CHOW Kwong Fai , Edward3 and Mr. Timothy
George FRESHWATER3.
1 Executive Director
2 Non-executive Director
3 Independent Non-executive Director
Source: COSCO Pacific Limited
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