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Nirvana Asia Ltd announces acquisition of target assets

Monday, 2 Mar 2015 09:58am EST

Nirvana Asia Ltd:Says Nirvana Memorial Park Sdn. Bhd. (Purchaser), wholly-owned subsidiary of company, entered into sale and purchase agreement with WFS Memorial Tomb Management Sdn. Bhd. (vendor), and Wong Chen Hoong and Wang Siew Yuen (Guarantors).Pursuant to which, among other things, purchaser has agreed to purchase, and vendor has agreed to sell, following free from all liens, liabilities or such other encumbrances and with complete legal and beneficial titles (acquisition), at an aggregate consideration of 15,000,000 Ringgit.All business together with all goodwill and rights attached thereto, dealings or trade as contractor for design and construction of tombs at six memorial parks of Group (Relevant Memorial Parks) and throughout Malaysia, as conducted by Vendor prior to acquisition.Business assets owned by vendor prior to acquisition, which include property, plant and equipment, inventories, licenses and permits.

G8 Education Ltd to acquire 12 premium childcare and education centres

Sunday, 15 Feb 2015 09:00pm EST

G8 Education Ltd:Says that it has contracts in place that give it the right to acquire 12 premium childcare and education centres from a number of different vendors.The total purchase price for the 12 centres is $36.0 million with $29.9 mln payable at settlement and a further payment of $6.1 million conditional upon the centre based EBIT target being achieved in the 12 month post settlement.

Fu Shou Yuan International Group Ltd announces completion of acquisition of Wanshoushan Lingyuan

Friday, 13 Feb 2015 04:30am EST

Fu Shou Yuan International Group Ltd:Says that all conditions precedent has been fulfilled and Wanshoushan Lingyuan acquisition was completed on Feb. 13.New business license of Wanshoushan Lingyuan has been obtained and new shareholding structure has been recorded in relevant governmental registers in PRC.Following completion, Wanshoushan Lingyuan is an indirect non wholly-owned subsidiary of company.Accordingly, financial results of Wanshoushan Lingyuan will be consolidated into consolidated financial statements of company.


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