Masterwork Machinery Co., Ltd. completed the acquisition of 16.83% stake in Brilliant Circle Holdings International Limited from Ares BCH Holdings, L.P. and other shareholders.
July 08, 2015 at 12:00 am EDT
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Masterwork Machinery Co., Ltd. (SZSE:300195) signed a framework agreement to acquire 16.93% stake in Brilliant Circle Holdings International Limited (SEHK:1008) from Ares BCH Holdings, L.P. and other shareholders for approximately HKD 630 million on January 19, 2015. Under the terms of the framework agreement, Masterwork Machinery Co., Ltd. will acquire 252 million shares of Brilliant Circle Holdings International Limited for HKD 2.4 - 2.5 per share. The transaction is subject to signing of the formal agreement, approval by Masterwork Machinery Co., Ltd. shareholders and Board of Directors. As on April 24, 2015, Masterwork Machinery announced that it will acquire 16.83% in Brilliant Circle Holdings International Limited for approximately 600 million. As per the changes 251 million shares will be acquired at HKD 2.42 per share.
Masterwork Machinery Co., Ltd. (SZSE:300195) completed the acquisition of 16.83% stake in Brilliant Circle Holdings International Limited (SEHK:1008) from Ares BCH Holdings, L.P. and other shareholders on July 8, 2015.
Masterwork Group Co., Ltd., formerly Masterwork Machinery Co., Ltd., is principally engaged in the research, development, production and distribution of printing equipment. The Company mainly provides hot stamping machines, mainly applied in gilding, die cutting, creasing and pressing of paper packaging decoration materials, such as paper boxes and trademarks; die cutting machines, mainly applied in die cutting, creasing and cold pressing of trademarks, paper boxes and greeting cards, pasting machines, mainly used for molding processing of foods, liquor and tobacco, medicine and cosmetics, as well as inspection equipment and others. The Company distributes its products in both domestic and overseas markets.
Masterwork Machinery Co., Ltd. completed the acquisition of 16.83% stake in Brilliant Circle Holdings International Limited from Ares BCH Holdings, L.P. and other shareholders.