MT Newswires Live13:57
China Environmental Resources Group (SGX:UIX, HKG:1130) has extended the deadline for its potential acquisition of a 51% stake in a company incorporated in Hong Kong to Dec. 31, a Friday filing with the Singapore stock exchange said.
The target company is mainly engaged in the motorcycle business in Hong Kong, Taiwan, and China.
The memorandum of understanding for the purchase was initially signed in August 2016.
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