Announcement Details/Table Section :
The Board of Directors of ASB wishes to announce that ASP had on 22 December 2011 acquired 100 per cent equity interest comprising one (1) issued and fully paid-up ordinary share of HKD1.00 in each of the following shelf companies:-
i) Excellent Result Investments Limited (“Excellent Result”); and
ii) Best Alpha Investments Limited (“Best Alpha”)
[hereinafter collectively referred to as “Acquisition”].
Excellent Result is a private limited company incorporated in Hong Kong on 14 October 2011 with an authorised share capital of HKD10,000.00 divided into 10,000 ordinary shares of HKD1.00 each.
Best Alpha is a private limited company incorporated in Hong Kong on 7 September 2011 with an authorised share capital of HKD10,000.00 divided into 10,000 ordinary shares of HKD1.00 each.
Excellent Result and Best Alpha are earmarked to be the special purpose vehicles to facilitate the expansion plan of our Hotel division in China.
None of the directors, major shareholders and/or persons connected with the directors and major shareholders of ASB has any interest, direct or indirect, in the Acquisition.
This announcement is dated 22 December 2011.
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