On October 4th, Depp Technology terminated the acquisition of 60% interest in Link Force and the deposit of HK$15 million to the seller will be refunded to the buyer.
Depu Technology issued a notice stating that the termination of the 60% interest in the acquisition of Link Force was due to the failure to complete the due diligence review of the Target Business. The formal agreement to be entered into under the MOU could not be concluded on or before September 30. The Memorandum of Understanding has been terminated and the deposit of HK$15 million paid to the Vendor will be refunded to the Purchaser.
In December 2009, Depp Technology announced a memorandum of understanding to purchase a 60% stake in Link Force from SRG for a price not exceeding HK$500 million, which will be in cash, allotment or convertible bonds or promissory notes or any combination Way to pay. Link Force is an environmentally-friendly and energy-saving investment company that will be principally engaged in the contract manufacturing, installation and maintenance of light-emitting diode (LED) street lights in the Mainland.
Figure 8 Self-Supporting Optical Fiber Cable
Figure 8 Cable,Figure 8 Self-Supporting Optical Fiber Cable,All Dielectric Self-Support Cable,Self Surpporting Aerial
Shandong Qingguo Optical Fiber Co., Ltd. , http://www.qgfiber.com