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Qian Hu Corporation Ltd To Acquire Additional Stake In PT QHJAI

Monday, 4 Feb 2013 05:11am EST 

Qian Hu Corporation Ltd announced that the Group (Company and its subsidiaries) has on February 4, 2013, entered into a Sale and Purchase Agreement with PT Joe Aquatic Indonesia (the Seller) to acquire 1,750 fully-paid ordinary shares, having a nominal value of IDR 700,000 each, owned by the Seller in the capital of PT QHJAI (the Shares) for a consideration of IDR 828,380,978 (equivalent to approximately USD 84,745). The Shares represent 35% of the issued share capital of PT QHJAI. Upon the completion of the Acquisition, the Company's shareholding in PT QHJAI will increase from 55% to 90%. 

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