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China Resources and Transportation Group Ltd Updates On Disposal Of Triumph Kind Investment Limited


Wednesday, 2 Jan 2013 03:28am EST 

China Resources and Transportation Group Ltd announced that further to the announcement of the Company earlier, in relation to the disposal by the Company of a 55% interest in Triumph Kind Investment Limited. Unless otherwise defined, capitalized terms used in this announcement shall have the same meaning as used in the Announcement. As additional time is required for the fulfillment of the conditions precedent to the Agreement, the Company and the Purchaser have agreed to extend the date of Completion for the Disposal from December 31, 2012 to March 31, 2013, and the final payment of the balance of the consideration in the amount of HKD200 million from March 31, 2013 to May 31, 2013. Save for such extensions, all other terms and conditions of the Agreement will remain unchanged. 

Company Quote

0.184
-0.0090 -4.66%
21 Nov 2014