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Hengdeli Holdings Ltds' subsidiary to acquire subsidiary

Wednesday, 11 Dec 2013 06:29am EST 

Hengdeli Holdings Ltd:Says a subsidiary, Shenzhen Hengdeli Watches Company Ltd (purchaser) agreed to acquire the entire issued share capital of the Shenzhen Feierpusi Electronics Company Ltd from Shenzhen Tongqingwang Trading Company Ltd (vendor).The consideration for the acquisition was Yuan 469,476,000.Upon completion of the acquisition, the target company and Nanchang Hengdeli will become subsidiaries of the company. 

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