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Armarda: Acquisition Of 45.95% Stake In CMSCG For S$11.8 Million.

01 Oct 2014 11:53

Armarda Group Limited had entered into individual sale and purchase agreements to acquire each of the Vendors' equity interest in China Satellite Mobile Communications Group Limited, which in aggregate amounts to 45.95% of the existing issued and paid up ordinary shares in the Target. Following the completion of the Proposed Acquisition, the Company will have an equity interest of 90.95% in the Target, with the remaining 9.05% held by Zhang Jian Hua. The amount attributable as the value of the Purchase Consideration is assumed to be approximately S$11.8 million, or HK$72.0 million...

Attachments:

• ProjectSpaceProposedAcquisitionAnnouncement20140930finalclean.pdf

Source: ShareInvestor Express