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- Release Date: 17/10/13 10:30
- Summary: ASSET: RAK: ECEC Equity Transfer Agreement - Final Payment
- Price Sensitive: No
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RAK
17/10/2013 08:30
ASSET
REL: 0830 HRS Rakon Limited
ASSET: RAK: ECEC Equity Transfer Agreement - Final Payment
17 OCTOBER 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 the final
balance of purchase price (US$17.3 million) has been received from ZheJiang
East Crystal Electronic Co. Ltd. (ECEC). The payment thereby completes the
sale of an 80% equity interest in Rakon Crystal (Chengdu) Company Ltd.
-ends-
Contact:
Brent Robinson
Rakon (09) 571 9323
www.rakon.com
End CA:00242474 For:RAK Type:ASSET Time:2013-10-17 08:30:25
