AEI Compounds Limited entered into a legally binding terms sheet to acquire Suzhou Huiye Chemical & Light Industry Co., Ltd. and Suzhou Huiye Plastic Industry Co., Ltd from Dynamic Colours Limited (SGX:D6U) for $15 million on December 3, 2013. The transaction is subject to a definitive sale and purchase agreement to be entered, satisfactory completion of the legal, financial, business, technical and/or operational due diligence, obtaining the requisite approval from Dynamic's shareholders and the fulfilment of the conditions precedent. The consideration is subject to post-closing price adjustment in respect of the net asset value in relation to Suzhou Huiye Chemical & Light Industry Co., Ltd. and Suzhou Huiye Plastic Industry. AEI has been granted an exclusivity period until the end of December 2013. On January 3, 2014, the exclusivity period was extended to the end of February 2014.

AEI Compounds Limited cancelled the acquisition of Suzhou Huiye Chemical & Light Industry Co., Ltd. and Suzhou Huiye Plastic Industry Co., Ltd from Dynamic Colours Limited (SGX:D6U) in February, 2014. The transaction was cancelled as the parties have not been able to successfully conclude their negotiations relating to a propose sale and purchase agreement, the parties have agreed not to proceed any further.