Ann: ASSET: RAK: Equity Transfer Agreement - Sett

• Release Date: 30/09/13 11:52
• Summary: ASSET: RAK: Equity Transfer Agreement - Settlement & Completion
• Price Sensitive: No
• Download Document  992B

					RAK
30/09/2013 08:52
ASSET

REL: 0852 HRS Rakon Limited

ASSET: RAK: Equity Transfer Agreement - Settlement & Completion

30 SEPTEMBER 2013 (RAK)

RAKON & ECEC EQUITY TRANSFER AGREEMENT - SETTLEMENT & COMPLETION

Further to Rakon Limited's (NZX:RAK) announcement on 13 August 2013 in
relation to the ECEC Equity Transfer Agreement, Rakon advises that settlement
& completion is now expected to take place during October 2013.

The previously expected completion date of 30 September 2013 relied on the
timely processing of approvals through a number of Chinese regulatory
authorities. The delay is simply a result of moving timelines associated with
a number of agencies approving a transaction in China, rather than any
specific approval issue or change in commitment from either of the parties.
Rakon will advise on the completion outcome during October.

-ends-

Contact:
Brent Robinson
Rakon (09) 571 9323
www.rakon.com
End CA:00241753 For:RAK    Type:ASSET      Time:2013-09-30 08:52:39