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All Asia Asset Capital to buy into Terrigena One German Solar.

M2 EQUITYBITES-September 22, 2014-All Asia Asset Capital to buy into Terrigena One German Solar

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22 September 2014 - British Virgin Islands-incorporated investment company All Asia Asset Capital Ltd (LON:AAA) said today it had entered into an agreement to acquire a 5% stake in Terrigena One German Solar Limited, a wholly owned unit of Luxembourg-based Terrigena European Securities SarL.

The announcement did not contain any information on price but the buyer said it would be covered through the issuance of AAA new ordinary shares.

Terrigena One German Solar, which is established under Hong Kong law, specialises in the sourcing, identification, acquisition, financing and execution of transactions and investment opportunities in the solar and green technology sectors. The parent company recently took over a factory in Wismar, Germany and transferred the assets to Terrigena One German Solar.

The current transaction hinges upon financial and legal due diligence on the target and the aforementioned assets, as well as the admission of the AAA shares to trading, the buyer said, adding that it expected the conditions to be met within a couple of months.

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Publication:M2 EquityBites (EQB)
Date:Sep 22, 2014
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