| |
| UPDATE ON THE STATUS OF THE ACQUISITION OF ENTIRE EQUITY INTEREST IN MINAMI
TEC (WUXI) CO., LIMITED |
| 31 December 2013 |
 |
| Announcement
is submitted by |
DY MO Hua Cheung, Philip |
| Designation |
Executive Director |
| Date & Time of
Broadcast |
31-Dec-2013 12:41:20 |
| Announcement No. |
00031 |
| Attachment |
The Board of Directors of CDW Holding Limited refers to its announcement dated 21
January 2013 regarding Tomoike Industrial (H.K.) Limited's acquisition of the entire
equity interest in Minami Tec (Wuxi) Co., Limited ("Minami Wuxi"), a limited liability
company established in the People's Republic of China, from Minami Seisakusho Co.,
Limited, a limited company incorporated in Japan, for a total cash consideration of
JPY17,000,000, equivalent to HK$1,679,345 (approximately US$216,600).
As a follow up announcement, the Board wishes to announce that, in relation to the
acquisition of Minami Wuxi, it had engaged Ernst & Young Hua Ming LLP to audit the
statement of financial position of Minami Wuxi's identifiable assets, liabilities and
contingent liabilities as at 31 December 2012 (the "Statement"). Following Ernst & Young
Hua Ming LLP's completion of the audit of the Statement, the Board wishes to announce
that the net asset value of Minami Wuxi as at 31 December 2012 as stated in the
Statement is RMB13,968,470.
By Oder of the Board
DY MO Hua Cheung, Philip
Executive Director
31 December 2013 |
|
