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China Properties Inv (0736) terminates MoU for acquisition of Pure Power Holdings Ltd
Company announcement, 30-Jan-2014
CPI had already paid US$19m (HK$148.2m) cash deposit in 2010. The vendor is not returning that, but is giving them HK$25m plus HK$123.2m of promissory notes issued by CEEI (0986) which it recieved in return for selling 10% of the same target to CEEI, namely Pure Power Holdings Ltd, 6 days ago.
Organisations
- Bright Sky Energy & Minerals, Inc.
- China Environmental Energy Investment Limited 中國環保能源投資有限公司
- China Properties Investment Holdings Limited
- Fortune Glow Limited
- Pure Power Holdings Limited
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