Supplement Agreement on Acquisition Payment (English Translation)Supplement Agreement on Acquisition Payment • July 28th, 2009 • Home System Group • Household appliances
On October 1, 2008, Party A acquired Asia Forever Investment Limited and its wholly owned subsidiary, Zhongshan City Weihe Appliances Co., Ltd. The total purchase price was 270 million RMB, which would be divided into four installments over two years. In September 2008, Party A paid 55 million RMB to Party B; and according to the original purchase agreement and disclosed information, Party A has to pay party B totaling 80 million RMB by the end of June 2009. After negotiation, both parties have agreed:
