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ICube Tech (00139) not to proceed with HK-listed firm buy [ET Net News (China)]
[October 19, 2014]

ICube Tech (00139) not to proceed with HK-listed firm buy [ET Net News (China)]


(ET Net News (China) Via Acquire Media NewsEdge) [ET Net News Agency, 20 October 2014] ICube Technology (00139) said it decided not to proceed with the proposed investment in a Hong Kong-listed telecommunications company and to change the use of proceeds from the subscription of unsecured redeemable convertible notes, since the discussion among the parties did not take place as quickly and smoothly as ICube Technology expected.



The company now intends to utilize the net proceeds of the subscription for financing the proposed acquisition of Tianji Trade Co. Limited and/or for one of its principal businesses, namely, securities investment and trading and/or for other future investment opportunities. (HL) (c) 2014 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

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