Allied Properties (H.K.) Limited (SEHK:56) completed the acquisition of Cautious Base Limited from DreamEast Group Limited.
The Directors of SkyOcean International would recommend the Shareholders to vote in favour of the resolution. The deal is subject to approval by the shareholders of SkyOcean, all relevant governmental or regulatory authorities, or any other third party (including banks, lenders and/or shareholder). If any of the conditions is not fulfilled on or before August 31, 2016, SkyOcean shall refund the full amount of the deposit without interest within 5 business days after the delivery of a written notice for refund. Completion shall take place on the 5th business day following the day on which the last of the conditions is fulfilled. SkyOcean intends to apply the net proceeds as general working capital.
Allied Properties (H.K.) Limited (SEHK:56) completed the acquisition of Cautious Base Limited from DreamEast Group Limited (SEHK:593) on August 26, 2016.