Recently, Mongolia Investment had announced its acquisition plan in mainland China. Money transfer (RMB 40 million as the prepayment) would be made to the beneficiary Zhao Yongli on 12thDecember. The successful completion of the acquisition, however, depends on a number of preconditions sited within the contract, therefore, no certainties of the acquisition yet.
Announcement was made last month by the corporate that an indirect acquisition plan concerning 55% of the LEDST's shares at a price of RMB 0.264 bn was going on. LEDST is specialized in the R&D, manufacturing and processing of LED appliances in China