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Guangdong Yihua Timber Industry Co Ltd to issue shares for stake acquisition and fund raising

Tuesday, 14 Oct 2014 08:00pm EDT

Guangdong Yihua Timber Industry Co Ltd:To issue 46,941,667 A shares at 4.85 yuan per share and pay 342.3329 million yuan, to 15 investors, in exchange for 100 pct stake in a Shenzhen-based hotel supplies company.Transaction price is 570 million yuan in total.To issue 39,175,257 shares to top shareholder to raise 190 million yuan, for cash payment of the transaction.

Brooke Asia Limited proposes acquisition of new operating business

Friday, 3 Oct 2014 03:28am EDT

Brooke Asia Limited:Enters into a non-binding term sheet to acquire a Singapore incorporated investment holding company, together with its subsidiaries and associated companies that is primarily engaged in cultivation, research, development, production and sales of sweet potato snack food products in China.Says the purchase consideration for the proposed acquisition shall be satisfied by the allotment and issuance of new shares in the issued and paid-up share capital of the company to the vendors and may result in a reverse takeover pursuant to Rule 1015 of the Catalist Rules.


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