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mDR Ltd updates on acquisition of Pixio Sdn Bhd


Tuesday, 22 Jul 2014 05:32am EDT 

mDR Ltd:Refers to the announcement made earlier, in respect to the acquisition of Pixio.Says the Sellers have undertaken to enter into the Sellers Lands SPA if the New Lands SPA is not completed for any reason whatsoever within 12 months of the date of the New Lands SPA.Says that it has on July 21, agreed to extend the 12 months date for a further 9 months such that the New Lands SPA shall be completed within 21 months from the date of the New Lands SPA.Says the new lands SPA was entered into and dated June 24, 2013.Says as a result of the said extension, the sellers shall enter into the sellers lands SPA if the new lands SPA is not completed for any reason whatsoever within 21 months from the date of the New Lands SPA – i.e. no later than March 23, 2015. 

Company Quote

0.0050
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19 Dec 2014