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Nobia AB acquires Rixonway Kitchens in UK

Tuesday, 9 Dec 2014 02:00am EST

Nobia AB:Acquires Rixonway Kitchens.Acquisition strengthens Nobia's position on UK kitchen market and enables realisation of synergy effects.Purchase price consists of an up-front consideration of 31 mln Pound, on cash and debt free basis, and variable cash consideration of maximum of 3 mln Pound.Says variable payment is conditional upon the business performance and the key management will remain in operation until at least March 2016.

SYF Resources Bhd acquires shares in Popular Vantage Sdn Bhd

Wednesday, 3 Dec 2014 07:00pm EST

SYF Resources Bhd:Acquires two ordinary shares of 1.00 Ringgit each in Popular Vantage Sdn Bhd (PVSB).Says for cash consideration of 2.00 Ringgit only.Following the acquisition, SYF would hold 100.0 pct of total issued and paid up capital of PVSB and PVSB would become wholly-owned subsidiary of the company.

Brait SE 's subsidiary updates on proposed disposal of 37.06 pct interest in Pepkor to Steinhoff

Tuesday, 25 Nov 2014 02:03am EST

Brait SE:Refers to the announcement made earlier, where in Brait’s subsidiary, Brait Mauritius Ltd (Brait Mauritius), has entered into a sale of shares agreement with Steinhoff in terms of which Steinhoff will acquire Brait’s effective 37.06 pct interest in Pepkor (Brait Transaction).Says Steinhoff has also entered into agreements to acquire Titan Premier Investments Proprietary Ltd's (acting through various wholly-owned subsidiaries) effective 52.47 pct interest in Pepkor (Titan Transaction).Says Steinhoff has entered into agreements with certain management of Pepkor to acquire a further effective 2.81 pct interest in Pepkor (Pepkor Management Transaction).Says as a result of the Brait Transaction, the Titan Transaction and the Pepkor Management Transaction, Steinhoff will hold an effective interest of 92.34 pct in Pepkor, with the Pepkor management holding the balance of the effective interest in Pepkor.Says the consideration to be paid by Steinhoff for acquiring Brait’s effective interest in Pepkor amounts to 26.4 bln Rand.Says brait transaction Price will be settled through a combination of a cash amount of 15 bln Rand and the issue of 200 mln ordinary shares in Steinhoff (Steinhoff Consideration Shares) at an issue price of 57.00 Rand per Steinhoff consideration share.

Kasen International Holdings Ltd's Zhejiang Kasen to purchase Wuji Kasen Industrial Co

Friday, 21 Nov 2014 04:49am EST

Kasen International Holdings Ltd:Says a subsidiary, Zhejiang Kasen agreed to purchase from the acquired interest in Wuji Kasen Industrial Co Ltd at a total consideration of 23.26 mln Yuan (about HK$29,353,861).Upon completion of the acquisition, the target company will be wholly owned by Zhejiang Kasen and will become a wholly owned subsidiary of the company.

KLW Holdings Ltd announces completion of acquisition of property located at 301 flinders lane, Melbourne, Victoria, Australia

Thursday, 20 Nov 2014 06:05am EST

KLW Holdings Ltd:Says completion of acquisition of property located at 301 flinders lane, melbourne, victoria, australia.Reference is made to the announcement dated Sept. 30 2014 in relation to, inter alia, the acquisition of property in australia.Pursuant to the purchase agreement, the company has on Nov. 20 paid the remaining balance consideration of A$21,240,000 (about S$24,808,320).Plus expenses in relation to the acquisition using A$8,478,000 ( about S$9,520,794) from proceeds and balance from bank financing.

Kong Sun Holdings Ltd's Kong Sun Yongtai Investment Holdings Co Ltd to acquire entire equity interest of project company

Friday, 7 Nov 2014 08:43am EST

Kong Sun Holdings Ltd:Says that on Nov. 7, Kong Sun Yongtai Investment Holdings Co Ltd, wholly owned subsidiary of the company, entered into agreement with vendors and project company.Under which Kong Sun Yongtai Investment Holdings Co has agreed to acquire entire equity interest of project company at consideration of 99,570,000 yuan (equivalent to about HK$126,155,000).Project company is engaged in development of 30 MW photovoltaic power plant in Jiuquan City, Gansu Province, PRC.

Brooke Asia Ltd updates on proposed acquisition of entire issued and paid-up share capital of China Star Food Holdings Pte. Ltd

Wednesday, 5 Nov 2014 09:17am EST

Brooke Asia Ltd:Says further to earlier termsheet announcement, says that it has on Nov. 5 entered into conditional sale and purchase agreement with Huang Lu, Liang Cheng Wang, Lee Chee Seng, Wang Yu Huei, Yang Meng Yang, Hoo Sum Hak and Chiar Choon Teck (Vendor).To acquire all their ordinary shares representing entire issued and paid-up share capital in China Star Food Holdings Pte. Ltd. (CSFH), together with subsidiaries (Proposed Acquisition).Pursuant to agreement, aggregate purchase consideration in respect of proposed acquisition is S$168,000,000.to be fully satisfied by company at completion of proposed acquisition by issuance and allotment of aggregate of 840,000,000 new fully paid-up ordinary shares in issued share capital to Vendors at issue price of S$0.20 per share.

Dorel Industries Inc concludes acquisition of Juvenile Business of Asian-based Lerado Group

Monday, 3 Nov 2014 07:30am EST

Dorel Industries Inc:Has completed its previously-announced acquisition of juvenile business of Hong Kong-based Lerado Group.Purchase price was HK$930 mln ($120 million) and has been funded from proceeds of offering of $120 mln of extendible convertible unsecured subordinated debentures.

Guangdong Yihua Timber Industry Co Ltd to invest in Dongguan-based company

Thursday, 30 Oct 2014 08:00pm EDT

Guangdong Yihua Timber Industry Co Ltd:To invest 25.5 mln yuan into a Dongguan-basedhome furnishings company.To hold 51 pct stake in target company.


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