AMP Capital Core Infrastructure Fund and AMP Capital Community Infrastructure Fund managed by AMP Capital Investors Limited completed the acquisition of AquaTower Pty Limited from CK Life Sciences Int'l., Inc. and Gotak Limited.
June 24, 2014 at 09:30 am IST
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AMP Capital Core Infrastructure Fund and AMP Capital Community Infrastructure Fund managed by AMP Capital Investors Limited entered into the sale and purchase agreement to acquire AquaTower Pty Limited from CK Life Sciences Int'l., (Holdings) Inc. (SEHK:775) and Gotak Limited for HKD 65.1 million on December 19, 2013. Under the terms of the agreement, on completion, HKD 33.18 million shall be paid to CK Life and HKD 31.88 million shall be paid to Gotak. For the year ended December 31, 2012, AquaTower had audited net liabilities of HKD 5.51 million, EBITDA of HKD 8.91 million, net loss before and after taxation and extraordinary items of HKD 0.66 million and HKD 0.54 million respectively. The transaction is subject to the consent of Grampians Region Water Authority, Grampians Region Water Authority agreeing to release Citipower as the guarantor under the WTS agreement. The Directors of CK Life are of the view that the terms of agreement are fair and reasonable and approved the transaction. If conditions precedents are not satisfied within six months of the agreement, the agreement may terminate. Completion shall take place on the date five business days after the last of the conditions precedent is satisfied. The proceeds will be used for working capital of CK Life.
AMP Capital Core Infrastructure Fund and AMP Capital Community Infrastructure Fund managed by AMP Capital Investors Limited completed the acquisition of AquaTower Pty Limited from CK Life Sciences Int'l., (Holdings) Inc. (SEHK:775) and Gotak Limited on June 24, 2014.
CK Life Sciences Intl (Holdings) Inc is an investment holding company principally engaged in the development and sales of healthcare products. The Company operates through two segments. The Health segment is engaged in the development, production, marketing and sales of healthcare and pharmaceutical products. The healthcare brands under the Company include Lipa, Vitaquest and Sante Naturelle, among others. Its pharmaceutical products include cancer-related pharmaceuticals and painkillers, among others. The Agriculture-related Businesses segment is engaged in the operation of vineyards, as well as the development, production, marketing and sales of agriculture and related products. Its agricultural products include fertilizers and crop protection products, among others.
AMP Capital Core Infrastructure Fund and AMP Capital Community Infrastructure Fund managed by AMP Capital Investors Limited completed the acquisition of AquaTower Pty Limited from CK Life Sciences Int'l., Inc. and Gotak Limited.