MOU Update (6959F)

TIDMACHL

RNS Number : 6959F

Asian Citrus Holdings Ltd

03 May 2011

3 May 2011

Asian Citrus Holdings Limited

("Asian Citrus" or "the Company")

Lapse of Memorandum of Understanding and Supplemental Memorandum of Understanding

The Board wishes to inform shareholders and potential investors that the Company and the Vendor had not entered into any legally binding Formal Agreement by 30 April 2011 and the Memorandum of Understanding and Supplemental Memorandum of Understanding thereby lapsed on 1 May 2011.

After the lapse of the Memorandum of Understanding and Supplemental Memorandum of Understanding, the Board is actively seeking other potential investment opportunities in the PRC.

For further information please contact:

 
 Asian Citrus 
 Eric Sung, Finance Director                 +852 2559 0323 
 
 Seymour Pierce Limited 
 Nandita Sahgal, Jonathan Wright (NOMAD)     020 7107 8000 
 Leti McManus, Richard Redmayne (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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