DGAP-News: Greater China Precision Components Ltd.: Proposed Acquisition of Shares in Yuanfa Mining Co., Limited
(firmenpresse) - DGAP-News: Greater China Precision Components Ltd. / Key word(s):
Miscellaneous
Greater China Precision Components Ltd.: Proposed Acquisition of
Shares in Yuanfa Mining Co., Limited
02.09.2013 / 17:30
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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
Wu Baoyu
Executive Director and Chief Executive Officer
2 September 2013
End of Corporate News
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02.09.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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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(at)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
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228716 02.09.2013
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Datum: 02.09.2013 - 17:30 Uhr
Sprache: Deutsch
News-ID 292721
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