An unknown buyer cancelled the acquisition of Jingdian Construction Company Limited from Coastal Greenland Limited and Yang Jiong Xuan.
The transaction is subject to Coastal Greenland shareholders approval. The Directors of Coastal Greenland recommend its shareholders to vote in favor of the transaction. Completion shall take place on the third business day upon fulfillment of the condition precedent under the agreement. Net proceeds from the disposal will be applied towards the general working capital and business development of Coastal Greenland Limited Group. As on September 30, 2014, shareholders of Jingdian Construction Company approved the transaction in the meeting held. The transaction is expected to complete by August, 2015. Tricor Tengis Limited acted as registrar and transfer agent for Coastal Greenland.
An unknown buyer cancelled the acquisition of Jingdian Construction Company Limited from Coastal Greenland Limited (SEHK:1124) and Yang Jiong Xuan on January 11, 2016. Fujian Province Huiwu Construction Engineering Company Limited has now entered into an agreement to acquire Jingdian Construction Company Limited from Coastal Greenland Limited (SEHK:1124) and Yang Jiong Xuan on January 11, 2016.