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
Price at posting:
23.0¢ Sentiment: None Disclosure: Held
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