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Provider: Reuters Investment Profile
Provider: Thomson Reuters Stock Report
Provider: Thomson Reuters Stock Report
Provider: Sadif Analytics Prime

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Lisi Group (Holdings) Ltd Completes Acquisition

Friday, 30 Aug 2013 07:33am EDT 

Lisi Group (Holdings) Ltd announced that with reference to dated May 22, 2013 in relation to, amongst other things, the acquisition, and the announcement of the Company dated June 7, 2013 in relation to poll results of the special general meeting of the Company held on the same day. Unless the context requires otherwise, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular. The Board is announced that, following the approval of the Independent shareholders at the SGM and the granting of the listing of and permission to deal in the Consideration Shares and the Conversion Shares by the Listing Committee of the Stock Exchange, all conditions precedent under the Sale & Purchase Agreement have been fulfilled and completion of the acquisition took place on August 30, 2013. Upon completion of the acquisition and pursuant to the Sale & Purchase Agreement, the Company allotted and issued 170,000,000 consideration shares and issued the Consideration Convertible Bonds in the principal amount of HKD382,800,000 to Shi Hui.2 Following completion of the acquisition, members of the Target Group became subsidiaries of the Company and the financial results of the Target Group are consolidated into the financial statements of the Group since August 30, 2013. 

Company Quote

3 Jul 2015