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PR Newswire
01-12-2015, 08:51 AM
PROPOSED ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL
OF HUICHENG CAPITAL LIMITED
The Board of Directors (the " Board" ) of Midas Holdings Limited (the " Company" ) wishes to announce that the Company had, on 30 November 2015, entered into a conditional sale and purchase agreement (the " S & P Agreement" ) with Chen Wei Ping, Chen Chen, Tang Tianrui, Yang Tianying, Yang Xiaoguang, Tan Poh Kuan Linda and He Qingzhi (collectively, the " Vendors" , and each, a " Vendor" ) to acquire the entire issued share capital of Huicheng Capital Limited ( the " Target" ) from the Vendors for an aggregate consideration of up to S $ 264 million (the " Consideration" ) (the " Proposed Acquisition" ).
OF HUICHENG CAPITAL LIMITED
The Board of Directors (the " Board" ) of Midas Holdings Limited (the " Company" ) wishes to announce that the Company had, on 30 November 2015, entered into a conditional sale and purchase agreement (the " S & P Agreement" ) with Chen Wei Ping, Chen Chen, Tang Tianrui, Yang Tianying, Yang Xiaoguang, Tan Poh Kuan Linda and He Qingzhi (collectively, the " Vendors" , and each, a " Vendor" ) to acquire the entire issued share capital of Huicheng Capital Limited ( the " Target" ) from the Vendors for an aggregate consideration of up to S $ 264 million (the " Consideration" ) (the " Proposed Acquisition" ).