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Shanghai Prime Machinery Co Ltd announces acquisition of entire share capital of NEDSCHROEF

Tuesday, 27 May 2014 08:00pm EDT 

Shanghai Prime Machinery Co Ltd:Says it successful in its bid for the acquisition of Nedschroef.Entered in agreement with Sellers, pursuant to which the company has conditionally agreed to purchase and the sellers have conditionally agreed to sell the sale shares (being the entire share capital of Nedschroef).Aggregate consideration for the acquisition is an amount equal to the sum of the purchase price for the sale shares and the shareholder loans purchase price.Says it will finance the acquisition through a combination of internal resources and debt financing. 

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