MOU (3409A)
January 31 2011 - 4:30AM
UK Regulatory
TIDMACHL
RNS Number : 3409A
Asian Citrus Holdings Ltd
31 January 2011
31 January 2011
Asian Citrus Holdings Limited
("Asian Citrus" or "the Company")
Supplemental Memorandum of Understanding
Further to its announcement on 15 April 2010 relating to the
Proposed Acquisition of a citrus fruit plantation in Fuchuan County
in the Guangxi Zhuang Autonomous Region in the PRC, the Board of
Asian Citrus announces that the Company and Vendor have entered
into a non-legally binding Supplemental Memorandum of Understanding
pursuant to which Vendor has agreed to extend the exclusivity
period for the sale and transfer of the plantation from 31 January
2011 to 30 April 2011.
The Board wishes to emphasize that no legally binding agreement
in relation to the Proposed Acquisition has been entered into as at
the date of this announcement. The final terms of the Formal
Agreement (if any), including but not limited to the consideration,
in relation to the Proposed Acquisition, have yet to be determined
and finalised. Further announcements will be made in due
course.
For further information please contact:
Asian Citrus
Eric Sung, Finance Director +852 2559 0323
Seymour Pierce Limited
Nandita Sahgal, Jonathan Wright (NOMAD) 020 7101 8000
Leti McManus, Richard Redmayne, Vineeta
Manchanda (Broking)
Weber Shandwick Financial 020 7067 0700
Nick Oborne, Stephanie Badjonat,
John Moriarty
This information is provided by RNS
The company news service from the London Stock Exchange
END
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