Tian An China Investments Co. Ltd. (SEHK:28) completed the sale of All Happy International Limited.
The transaction is subject to approval by all necessary authorizations of all relevant governmental or regulatory authorities, agencies or bodies, or any other third party (including banks, lenders and/or shareholder(s) of the Vendor, the Purchaser or the Company and/or relevant regulatory authorities of the PRC (if required), required for the implementation of the transactions contemplated in the Agreement being obtained and maintained; and by shareholders of Tian An China Investments Co. Ltd). Completion shall be at least 6 weeks after the date of the agreement. The Directors of Tian An China recommended the shareholders to vote in favor of the ordinary resolution to approve the agreement The proceeds generated from the disposal will be applied as general working capital of Tian An China Investments Co. Ltd. The transaction was approved by shareholders of Tian An China Investments Co. Ltd. (SEHK:28) on August 7, 2015.
Tian An China Investments Co. Ltd. (SEHK:28) completed the sale of All Happy International Limited on August 27, 2015.