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China Kunda Technology Holdings Ltd announces disposal of equity holding in Shenzhen Qunxinda Wu Jin Company Limited

Wednesday, 12 Mar 2014 06:04am EDT 

China Kunda Technology Holdings Ltd:Says it had entered into a sale and purchase agreement with a group of independent third party purchasers, namely Cai Zhi Qun, Cai Chuang Bin, Cai Mei Chi, Zhang Yuanming and Zhang Xi Bo.For proposed disposal of its 60 pct equity holding in its PRC subsidiary, namely Shenzhen Qunxinda Wu Jin Company Limited.Consideration of 2,600,000 yuan (equivalent to about S$548,084).Consideration will be satisfied by the purchaser in cash before the completion of the legal transfer of the sale equity. 

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