KLW Holdings Limited cancelled the acquisition of 45.45% stake in Mega Sun Development Limited from Prosperity International Holdings (H.K.) Limited.
The transaction is subject to approval from government, regulatory authorities, approval from third parties and execution of escrow agreement. KLW Holdings Limited will be consulting the SGX-ST in accordance with Rule 1007(1) of the Catalist Rules on whether shareholders' approval will be required for the transaction. As announced on January 9, 2015, extraordinary general meeting of shareholders is scheduled to take place on January 26, 2015. Michelle Tan and Jeremy Sing of August Consulting Pte Ltd acted as communications and investor relations advisor for KLW Holdings Limited.
KLW Holdings Limited (Catalist:504) cancelled the acquisition of 45.45% stake in Mega Sun Development Limited from Prosperity International Holdings (H.K.) Limited (SEHK:803) on January 25, 2015.