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2003-10-27 10:11:00 a.m. HKT, XFNA
HK's Perfectech to acquire 55 pct in toy maker for maxiumum 15.40 mln hkd
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HONG KONG (AFX-ASIA) - Perfectech International Holdings Ltd (765.HK)
said it has signed a memorandum of understanding to acquire a 55 pct stake in
a toy manufacturer Rich Success Profits Ltd for no more than 15.40 mln hkd.
It said it will reach a formal sale and purchase agreement with the
vendors no later than Nov 25.
(1 usd = 7.80 hkd)
peter.chan@afxasia.com
ptc/mh
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