Carnival Group International Holdings Limited cancelled the acquisition of 81% of E-Da Development Corp. from E United Group.
As on January 27, 2015, Carnival Group International Holdings Limited (SEHK:996) entered into a term sheet to acquire 81% of E-Da Development Corp. from E United Group for TWD 4.7 billion. The consideration for the above shall be satisfied by 70% in cash and 30% by the issuance of 3 year convertible notes of Carnival Group International Holdings. The transaction is subject to entering formal share and purchase agreement. The capital shall be raised by the shareholders proportioned to their respective holdings.
Carnival Group International Holdings Limited (SEHK:996) cancelled the acquisition of 81% of E-Da Development Corp. from E United Group on July 27, 2015.