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DVN (Holdings) Ltd acquires Frontier Services Limited and appoints CEO


Sunday, 24 Nov 2013 05:23am EST 

DVN (Holdings) Ltd:Says that Frontier Management Holdings Limited (vendor) and Mr. Erik Dean Prince (guarantor) has entered into the agreement with the Company to purchase, the 1,000 shares of $1.00 each (target shares) of the Frontier Services Limited (target company).Says that the consideration comprises of payment of $3 million (equivalent to approximately HK$23.4 million) in cash and e grant of the option.Says that the completion shall take place within 14 days after the date of actual fulfillment of the conditions precedent to the satisfaction of the Company (or waived by the Company).Says that Gregg H. Smith has been appointed as an executive director and chief executive officer of the company with effect from Nov. 23. 

Company Quote

1.4
-0.09 -6.04%
5 May 2015