Reference is made to the Company’s announcement on 7 August
2020.
The Board of Directors of Hua-An wishes to announce the following:
(a) The Company and the Vendors had on 6 October 2020 entered into a Deed of Revocation
to revoke and rescind the Share Purchase Agreement dated 7 August 2020 in relation to
the proposed acquisition of 20,000 ordinary shares, representing the entire equity
interest in HK Aerospace, for a total purchase consideration of USD25.0 million, subject
to the terms and conditions as stipulated in the Deed of Revocation; and
(b) The Company and the Vendors had on 6 October 2020 entered into a new Share Purchase
Agreement for the proposed acquisition of 10,000 ordinary shares in HK Aerospace,
representing 50% of the total issued and paid up share capital in HK Aerospace, for a
total purchase consideration of USD11.25 million.
Please refer to the attachment for details of the announcement.
This announcement is dated 6 October 2020.
Please refer attachment below.
