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China Environmental Resources Group Ltd Proposes Acquisition Of Clear Wisdom Limited


Tuesday, 23 Jul 2013 12:01am EDT 

China Environmental Resources Group Ltd announced that on July 19, 2013 (after trading hours), the Company and the prospective vendor entered into the MOU in relation to the possible acquisition. Clear Wisdom Limited (the target company) has certain interests and rights in the piece and parcel of land located in the PRC, which the Prospective Vendor will wholly own via subsidiary. The Company will consider further negotiation with the Prospective Vendor on the possible acquisition. The terms and consideration for the Possible Acquisition will be subject to further negotiation between the Prospective Vendor (Grand Keen Limited) and the Company, it may or may not proceed. 

Company Quote

0.235
0.0020 +0.86%
21 Nov 2014