VERY SUBSTANTIAL ACQUISITION ANDSale and Purchase Agreement • August 4th, 2015
Contract Type FiledAugust 4th, 2015On 29 July 2015 (after trading hours), the Company as the purchaser and Pearl Concept as the vendor entered into the Sale and Purchase Agreement, pursuant to which the Company has conditionally agreed to acquire and Pearl Concept has conditionally agreed to sell the Sale Shares, representing 50% of the issued share capital of Magical Gains, and the Sale Loan at the total consideration of KRW130,000,000,000 (equivalent to approximately HK$864,074,443).