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Asia Fashion Holdings Ltd announces proposed acquisition of 100 pct of the share capital of China Construction Material (HONG KONG) Limited


Sunday, 5 Jan 2014 06:22pm EST 

Asia Fashion Holdings Ltd:Enters into sale and purchase agreement between the company as purchaser and China Construction Material Holdings Limited as vendor on Jan. 03 in connection with the acquisition (the Proposed Acquisition) of 100 pct of the share capital of China Construction Material (Hong Kong) Limited (CCMH).Says the aggregate consideration for the purchase of the CCMH Sale Share is equivalent to the amount of 100,000,000 Renminbi.Says it intends to fund the proposed acquisition partly through internal resources and partly from the proceeds of the placement of 100 mln shares. 

Company Quote

0.045
-0.0050 -10.00%
17 Apr 2014