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Sunshine 100 China Holdings Ltd acquires 51 pct equity interest of Guangxi Jingqi Investment Co., Ltd


Tuesday, 6 May 2014 08:02pm EDT 

Sunshine 100 China Holdings Ltd:Sunshine 100 Group, a wholly-owned subsidiary of Company, made bid for Target Interest in open tender process organized and held by Guangxi BeiBu Gulf Equity Co., Ltd and subsequently (purchaser) entered into the Acquisition Contract with Guangxi Sanqi (seller).Following bid, Guangxi Sanqi agreed to sell and Sunshine 100 Group agreed to purchase 51 pct equity interest of Guangxi Jingqi and the shareholder’s loan owed to Guangxi Sanqi by Guangxi Jingqi for total consideration of 631,533,612.11 ringgit. 

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