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2007-6-6 11:42:00 a.m. HKT, XFNA
Hong Kong-listed National Electronics buys 20 pct of Eden Bay for 15.84 mln
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usd
HONG KONG (XFN-ASIA) - National Electronics Holdings Ltd said it has
agreed to buy 20 pct of Eden Bay Corp, an investment holding company whose
key assets are three office buildings in Central.
National Electronics has agreed to pay 15.84 mln usd for the acquisition,
which also includes 20 pct of the 15.41 mln usd shareholder's loan that Eden
Bay obtained from assets vendor Newgrounds Corporate Inc.
It said the acquisition will enable the group to enlarge its portfolio of
high-quality assets.
(1 usd = 7.8 hkd)
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