Common Contracts
1 similar Disposal Agreement contracts
VERY SUBSTANTIAL DISPOSAL ANDDisposal Agreement • July 2nd, 2013
After trading hours on 20 June 2013, the Company and the Purchaser entered into the Disposal Agreement, pursuant to which the Company has conditionally agreed to sell, and the Purchaser has conditionally agreed to purchase the Sale Share at a consideration of HK$8 million. The Disposal Group comprises Refine Skill and its direct and indirect wholly-owned subsidiaries, namely KanHan and Guangzhou Kanpu. Refine Skill is an investment holding company, whereas KanHan is principally engaged in the provision of website development, electronic learning products and services and Guangzhou Kanpu is principally engaged in the provision of support services for KanHan in launching the development products. For the purpose of the transactions under the Disposal Agreement, the Disposed Subsidiaries are excluded from the Disposal Group.
