Bonjour Holdings Ltd. signed a memorandum of understanding to acquire Wealthy Train Limited from Million Worldwide Investment Limited.
Bonjour Holdings Ltd. (SEHK:653) entered into a share sale agreement to acquire Wealthy Train Limited from Million Worldwide Investment Limited for approximately HKD 160 million on 18 February 2014. Bonjour Holdings will acquire shares and pay cash of HKD 3.3 million and HKD 160.6 million debt of Wealthy Train Limited. The consideration will be funded by the proceeds from the HKD 163.80 million placing announced on January 16, 2014 and February 4, 2014. On completion Wealthy Train will operate as a subsidiary of Bonjour Holdings. For the period ended December 31, 2013 and for the period from January 1, 2014 to February 14, 2014 Wealthy Train reported net profit before tax of HKD 2.436988 million and HKD 0. 571995 million respectively and net profit after tax of 2.034885 and HKD 0.477616 respectively. The transaction will be completed by February 21, 2014.