Common Contracts
1 similar Sale and Purchase Agreement contracts
MEMTECH INTERNATIONAL LTD.Sale and Purchase Agreement • December 30th, 2016
The Board of Directors of Memtech International Ltd. (the “Company”) and together with its subsidiaries, the “Group”) wishes to announce that the Group’s wholly owned subsidiary, Huzhou Memtech Electronic Industry Co., Ltd (the “Vendor”), has, on 29 December 2016, entered into a sale and purchase agreement (the “Agreement”) with Zhejiang Add Auto-Parts Co., Ltd (the “Purchaser”) for the sale of two pieces of its land located at No. 328 Guangyuan Road (“Asset A”) and No.181 Chuangye Avenue (“Asset B”) respectively, in Huzhou City, the People’s Republic of China (collectively, the “Assets”) as described below for an aggregate cash consideration of RMB 41,000,000 (inclusive of value-added taxes on land and property) upon the terms and conditions of the Agreement (the “Disposal”).
