- The details of the announcement start here ...
- Announcement Title *
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UPDATE ON THE STATUS OF THE ACQUISITION OF ENTIRE EQUITY INTEREST IN MINAMI TEC (WUXI) CO., LIMITED
- Description
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The Board of Directors of CDW Holding Limited refers to its announcement dated 21 January 2013 regarding Tomoike Industrial (H.K.) Limiteds acquisition of the entire equity interest in Minami Tec (Wuxi) Co., Limited (Minami Wuxi), a limited liability company established in the Peoples 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 Wuxis identifiable assets, liabilities and contingent liabilities as at 31 December 2012 (the Statement). Following Ernst & Young Hua Ming LLPs 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
