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Ocean Sky International Ltd Announces Termination Of Memorandum Of Understanding


Sunday, 26 Aug 2012 07:18am EDT 

Ocean Sky International Ltd announced that with reference to the previous announcement relating to the memorandum of understanding entered into by the Company and ChiwayLand Group (Singapore) Pte. Ltd. in relation to the proposed acquisition by the Company of the entire issued and paid-up share capital of ChiwayLand (the Proposed Acquisition); and the proposed disposal of the Company‚Äôs existing business to certain of Directors and shareholders, namely Mr. Ang Boon Cheow Edward, Mr. Ang Boon Chong and Mr. Ang Siew Tiong (the Proposed Disposal). The Board wishes to announce that the MOU has been terminated with mutual consent as the Parties were unable to reach a definitive agreement on the Proposed Transactions. 

Company Quote

0.139
0.0020 +1.46%
23 Jul 2014