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Luen Thai Holdings Ltd Announces Acquisition Of Entire Issued Share Capital Of Ocean Sky Global (s) Pte. Ltd


Monday, 7 Jan 2013 06:00am EST 

Luen Thai Holdings Ltd announced that on January 6, 2013, the Company and Sunny Force Limited (the Purchaser), an indirect wholly owned subsidiary of the Company, entered into the share purchase agreement with Ocean Sky International Limited (the Seller), pursuant to which the seller agreed to sell and the Purchaser agreed to purchase the Sale Shares representing the entire issued share capital of Ocean Sky Global (S) Pte. Ltd., (the Target Company) at a total consideration of USD55,000,000. 

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