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ICO Group Limited — M&A Activity 2016
Jan 5, 2016
49938_rns_2016-01-05_69b63d4e-8e27-41ad-a328-762cde524688.pdf
M&A Activity
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Hong 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.
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(Stock Code : 630)
COMPLETION OF MAJOR TRANSACTION: ACQUISITION OF 100% INTEREST IN ACE ENGINEERING
References are made to the announcements of AMCO United Holding Limited (“ Company ”) dated 14 September 2015 and 21 December 2015 and the circular of the Company dated 4 December 2015 (“ Circular ”) in relation to the acquisition of the entire issued share capital of ACE Engineering Limited. Capitalised terms used herein shall have the same meanings as defined in the Circular unless otherwise defined.
The Board is pleased to announce that all of the conditions precedent set out in the Acquisition Agreement had been fulfilled and Completion took place on 5 January 2016.
Immediately after Completion, ACE Engineering will become an indirect wholly-owned subsidiary of the Company and the financial results of ACE Engineering will be consolidated with the results of the Group.
On behalf of the Board AMCO United Holding Limited YIP Wai Lun, Alvin Chairman and Managing Director
Hong Kong, 5 January 2016
As at the date of this announcement, Mr. Yip Wai Lun, Alvin, Mr. Cheng Kin Chor and Mr. Leung Kelvin Ming Yuen are the executive Directors; and Mr. Wong Siu Ki, Mr. Chan Ngai Sang Kenny and Mr. Li Kwok Fat are the independent non-executive Directors.
- For identification purposes only