09:50 MEDTECH GROUP<01031>-Announcement & Resumption of Trading-13 working capital of the Group or for making future investments activities HK$0.5 million for general working capital; HK$48.5 million paid for the acquisition of minority interest, being 35%, in an energy saving business as disclosed in the Company's announcement dated 15 June 2004 Issue of convertible notes in an aggregate principal amount of HK$20,000,000 at the conversion price of HK$0.02 per Share (subject to adjustment) to the independent placees who are not connected persons of the Company 15 June 2004 About HK$20 million 30 August 2004 Net proceeds about HK$19.2 million for the general working capital of the Group same as intended but not yet utilized Placing of 992,300,000 existing Shares and top-up subscription of 992,300,000 new Shares to Perfect View 11 November 2004 About HK$94.3 million 7 June 2004 Net proceeds of about HK$91.8 million for possible acquisition of properties, traveling and entertainment related businesses or assets HK$50,000,000 was paid to Grand View Hotel Investment S.A. as deposit for the acquisition of the Grandview Hotel as announced on 14 December 2004 and the remaining HK$41.8 million will be used for financing the acquisition of Grandview Hotel. Placing of 330,800,000 existing Shares and top-up subscription of 330,800,000 new Shares to Perfect View 18 November 2004 About HK$57.9 million 7 June 2004 Net proceeds of about HK$56 million for possible acquisition of the equity interest of a hotel in Macau Net proceeds of about HK$56 million will be used for financing the acquisition of Grandview Hotel. Placing of 1,587,700,000 existing Shares and top-up subscription of 1,587,700,000 new Shares to Perfect View 17 December 2004 About HK$539.8 million 17 December 2004 Net proceeds of about HK$524.4 million will be used as to about HK$252.2 million for financing the acquisition of the Grandview Hotel and as to about HK$272.2 million for any future possible acquisition. HK$252.2 million will be used for financing the acquisition of Grandview Hotel and HK$272.2 million will be used for financing the Acquisition. As at the date of this announcement, the executive Directors are Mr. Cheung Yu Shum, Jenkin, Mr. Chu Yuk Kuen, Mr. Wong Kui Tak and Mr. Ng Tak Chak, Nelson, and the independent non-executive Directors are Mr. Shum Ka Hei, Mr. Chan Chi Yuen and Mr. Wong King Shiu, Daniel. SUSPENSION AND RESUMPTION OF TRADING IN THE SHARES Trading in the Shares on the Stock Exchange was suspended with effect from 9:30 a.m. on 6 January 2005 at the request of the Company pending the publication of this announcement. An application has been made to the Stock Exchange for the resumption of trading in the Shares with effect from 9:30 a.m. on 20 January 2005. DEFINITIONS The following words and phrases used in this announcement have the following meaning: "Acquisition" the acquisition by Next Champion from the Vendors of 100% shareholding interest in Hang Huo Holdings and 1% shareholding interest in Hang Huo Hotel pursuant to the Provisional Sale and Purchase Agreement