Greater China Precision Components Ltd.
Greater China Precision Components Ltd.: Proposed Acquisition of Shares in Yuanfa Mining Co., Limited
Greater China Precision Components Ltd. / Key word(s): Miscellaneous Greater China Precision Components Limited (‘GCPC’ or ‘the Company’): Proposed Acquisition of Shares in Yuanfa Mining Co., Limited SINGAPORE/HUIZHOU, 2 September 2013: GCPC (ISIN SG9999005052 / WKN A0MZS3 / Ticker 49G) Pursuant to the earlier announcement dated 6 August 2013, the Company wishes to announce that following a satisfactory due diligence, the Company has on 30 August 2013, entered into an agreement with Qinghai Xinlong Holdings Group Co., Ltd (‘QXHGL’) to accept 52% of the equity interest under the proposed acquisition in relation to Yuanfa Mining Co., Limited (‘YMCL’), conditional upon shareholders’ approval in an Extraordinary General Meeting (‘EGM’) to be convened. QXHGL had, on 22 July 2013, entered into a S&P Agreement (‘S&P’) with Mr Cheng Kunsheng and Mr Hu Dejin (‘Sellers’), pursuant to which QXHGL has agreed to buy and the Sellers have agreed to sell 100% of the registered capital of YMCL. Under the S&P, QXHGL shall direct the Sellers to transfer the equity interest in YMCL to investors identified by QXHGL, at the completion date. In addition, the Company has directed QXHGL to register a PRC company for the purposes of holding the abovementioned equity interest for the benefit of the Group. A shareholders’ circular together with the notice convening the EGM will be published in due course. On behalf of the Board End of Corporate News 02.09.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Greater China Precision Components Ltd. | |
80 Robinson Road, #02-00 | ||
068898 Singapur | ||
Singapore | ||
Phone: | +65 62363427 | |
Fax: | +65 62364399 | |
E-mail: | investor@greater-cpc.com | |
Internet: | www.greater-cpc.com | |
ISIN: | SG9999005052 | |
WKN: | A0MZS3 | |
Listed: | Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart; Frankfurt in Open Market (Entry Standard) | |
End of News | DGAP News-Service |
228716 02.09.2013 |