China Environmental Resources Extends Deadline for Potential Motorcycle Business Stake Deal

MT Newswires

03/28

China Environmental Resources Group (SGX:UIX, HKG:1130) agreed to extend the deadline for its potential acquisition of a 51% stake in the target company by six months to Sept. 26, according to a Thursday filing on the Singapore Exchange.

The target company is mainly engaged in the motorcycle business in Hong Kong, Taiwan and China.

The memorandum of understanding (MOU) was initially signed in August 2016. The company said the acquisition may or may not proceed.

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