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Van Shung Chong Holdings Ltd's VSC Property To Acquire Eastlink From China Travel Service (Holdings) Hong Kong Ltd

Wednesday, 16 Oct 2013 07:30pm EDT 

Van Shung Chong Holdings Ltd announced that on October 12, 2013, VSC Property and the Vendor entered into the Sale and Purchase Agreement, pursuant to which VSC Property has conditionally agreed to acquire and China Travel Service (Holdings) Hong Kong Ltd (the Vendor) has conditionally agreed to sell the Sale Share, representing 100% of the issued share capital of Eastlink; and to arrange for the repayment of the Shareholder’s Loan of approximately RMB430 million (equivalent to approximately HKD545 million) for a Consideration of approximately RMB708 million (equivalent to approximately HKD897 million). Upon Completion, Eastlink will become an indirectly wholly owned subsidiary of the Company. The principal asset of Eastlink is the Target Property. 

Company Quote

-0.01 -1.10%
19 Dec 2014