Green Energy Group Limited (SEHK:979) entered into an agreement to acquire Skylimit Ventures Limited for HKD 9.1 million on November 11, 2014. The Consideration shall be settled by Green Energy Group Limited as a refundable Deposit of HKD 2.5 million shall be paid upon signing of the agreement and the remaining balance shall be settled by the allotment and issue of 15 million shares of Green Energy Group Limited. Green Energy Group Limited will fund the refundable Deposit by internal resources of the Group. Skylimit Ventures Limited reported total assets of HKD 1.7 million and net liabilities of HKD 0.09 million as at October 31, 2014. Immediately after Completion, Skylimit Ventures Limited will become a wholly-owned subsidiary of Green Energy Group Limited. The deal is subject to the approval of the Stock Exchange.

Green Energy Group Limited (SEHK:979) completed the acquisition of Skylimit Ventures Limited on May 15, 2015.