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Beijing Geekplus Technology Co., Ltd. M&A Activity 2010
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Download source fileHong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
KARCE INTERNATIONAL HOLINGS COMPANY LIMITED
(incorporated in Bermuda with limited liability)
(stock code: 1159)
UPDATED PROGRESS FOLLOWING COMPLETION OF
THE VERY SUBSTANTIAL ACQUISITION ON 15 JANUARY 2009
This announcement is made by the Company pursuant to Rule 13.09 of the Listing Rules. References are made to the announcement dated 5 January 2010 in respect of the above. Capitalized terms shall have the same meaning as defined in the announcement unless otherwise stated.
The purpose of this announcement is to keep Shareholders and potential investors of the Company informed of the latest development of the Acquisition following its completion on 15 January 2009.
The Group has been monitoring the progress of the release of the pledge on the TMDC Sales Machineries. However, the Vendors have not provided any information regarding the release of the pledge created on the TMDC Sale Machineries as of 15 January 2010. The Vendors and TMDC have not provided any reasons for such failure to release the pledge.
As the pledge on the TMDC Sales Machineries is still not released by 15 January 2010, Sourcestar Profits would continue negotiating with the Vendor in relation to the possibility of transfer the ownership of TMDC Sale Machineries.
Shareholders and potential investors are advised to exercise caution when dealing in the Shares.
By Order of the Board
Karce International Holdings Company Limited
Sun Ying Chung
Chairman
Hong Kong, 12 February 2010
As at the date of this announcement, the executive Directors of the Company are Mr Sun Ying Chung, Mr Chan Sung Wai and Mr Wong King Lam, Joseph, non-executive Directors are Mr Lee Kwok Leung and Mr Yang Yiu Chong, Ronald Jeffrey, and the independent non-executive Directors are Mr Ho Lic Ki, Mr Chan Siu Wing, Raymond and Mr Lam Pak Sum.