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HL Technology Group Ltd Completion Of Acquisition Of Rosy Sun Investments Ltd


Thursday, 31 Jan 2013 05:55am EST 

HL Technology Group Ltd announced that with reference to the announcement dated December 31, 2012 in relation to, the acquisition of the entire issued share capital of Rosy Sun Investments Ltd (Target Company) (the Circular), The Company announced that all conditions precedent under the S&P Agreement have been fulfilled, and Completion took place on January 31, 2013. In accordance with the S&P Agreement, the Company issued the Promissory Note in the amount of HKD650 million to the Vendor. Following Completion, the Target Company, the HK Company and the PRC Company will become wholly-owned subsidiaries of the Company. 

Company Quote

2.03
0.01 +0.50%
21 Nov 2014