Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00

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Vashion Group Ltd updates on sale agreement


Wednesday, 30 Apr 2014 04:53am EDT 

Vashion Group Ltd:Further to previous announcements, according to Supplementary Agreement on Dec. 30, 2013 and further supplementary agreement on March 31, 2014 between Vashion Group (H.K) Limited and Seleni Group Limited (Purchaser).Completion date of the proposed disposal of LGSZ shall take place by end April 2014.Board wishes to update shareholders that application and administrative process for transfer of legal title of LGSZ requires longer than expected time, Company expects completion of transfer of legal title of LGSZ could be extended to May 21, 2014.In this regard, Company had on April 30 entered into further supplementary agreement with Purchaser to extend the Completion Date to May 31, 2014 and accordingly, the 3rd and 4th tranche payment in total of S$1,000,000 by the Purchaser will also be deferred to the extended Completion Date. 

Company Quote

0.0050
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12 Jun 2012