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Pteris Global Ltd completes proposed acquisition of equity interests in Shenzhen CIMC-tianda Airport Support Ltd and announces changes in Board


Tuesday, 19 Aug 2014 11:13am EDT 

Pteris Global Ltd:Says all conditions precedent to CIMC SPA and Management Co Share Issuance Agreement have been met, and accordingly, completion of Proposed Acquisition (Completion) has taken place on Aug. 19 (Completion Date).In relation to Proposed CIMC Acquisition, company has obtained beneficial interest of entire issued share capital of Techman (which owns 70 pct of Tianda) (Techman Shares) as at Completion Date.In relation to the Proposed Management Co Acquisition, as at Completion, company has obtained legal and beneficial interest in 30 pct equity interests in Tianda.Says changes to Board members with effect from Aug. 19.Says Lim Joo Boon has resigned as Non-Executive Chairman.Proposed Director, Li Yinhui has been appointed to replace Lim Joo Boon as Non- Executive Chairman. 

Company Quote

0.67
-0.0050 -0.74%
6 Mar 2015