RICHINA PACIFIC LIMITED(RPL)

SHAREHOLDERS WHO DID NOT RECEIVE THEIR ENTITLEMENT MAY COMMENT BELOW

Brian Gaynor says in an article today that Richina Pacific's New Zealand shareholders have been almost completely disenfranchised and deprived of regulatory protection. Their main hope is that Yan will finally deliver on one of his many promises and buy back their shares at 45.47 cents by the December 2011 target date.

reports that a letter from chairman John Walker of today's date advised shareholders they might not receive a payout as quickly as promised

a deal is approved by 89% of shareholders which will see the company restructured by way of an amalgamation, delisted from the NZX and reorganised into four divisions 1) China, running the leather tanning business and the Blue Zoo aquarium 2) New Zealand, owning one of the top four builders, Mainzeal Property & Construction 3) the investments division of Richina Pacific's China Holding Company, a China-based fund manager 4) the property division of Shanghai Leather Company and its real estate interests - shareholders were given the option of retaining their interests in the new company upon the amalgamation or to require the company to purchase their shares at a proposed a price of NZ45.47 cents per share (average trading price of RPL shares over the three-years from November 2005)

code only change from RCH to RPL

name changed from Mainzeal Group Limited