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(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 637)
MAJOR TRANSACTION
COMPLETION OF THE PROPOSED ACQUISITION OF THE REMAINING 50% SHAREHOLDING INTEREST AND
SHAREHOLDER'S LOAN IN GENESIS BVI
Reference is made to the Company's announcements respectively dated 26th June
2014, 4th July 2014, 7th July 2014 and 26 September 2014 and the Company's circular dated 22nd August 2014. Unless otherwise stated, capitalized terms used in this announcement shall have the same meanings as those defined in the Company's announcement dated 26th June 2014.
The Board is pleased to announce that all conditions precedent provided under the Agreement for Sale and Purchase have been fulfilled and the Completion took place on 16th October 2014. Upon Completion, members of Genesis Group became indirect wholly-owned subsidiaries of the Company.
By Order of the Board CHAN Pak Chung Chairman
Hong Kong, 16th October 2014
As at the date of this announcement, the Directors of the Company are Mr. CHAN Pak Chung, Ms. CHAN Yuen Shan, Clara, Ms. MA Siu Tao, Mr. CHUNG Wai Kwok, Jimmy*, Mr. HU Wai Kwok* and Mr. HO Kwai Ching, Mark*.
*Independent Non-Executive Directors
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