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Qin Jia Yuan Media Services Co Ltd announces disposal of the entire issued share capital in Flash Fountain International Limited


Wednesday, 1 Jan 2014 07:27pm EST 

Qin Jia Yuan Media Services Co Ltd:Says on Dec. 31, 2013, an indirect wholly-owned subsidiary of the company (the Vendor) and Chen Feng (the Purchaser) entered into the agreement.Says pursuant to which the purchaser agreed to purchase, and the vendor agreed to sell, the Sale Share, comprising the entire issued share capital in Flash Fountain, for a total consideration of 31,332,500 Renminbi (equivalent to about HK$40,170,000).Says pursuant to the terms of the agreement, completion shall take place on or before Jan. 20.Says If the completion does not take place as a result of the sole default of the Purchaser, the Right of Use will lapse.Says upon completion, Flash Fountain will cease to be a wholly-owned subsidiary of the company. 

Company Quote

1.05
0.0 +0.00%
11 Jun 2014