Activepart Limited
Xing Lin Medical (8130) buys Activepart Ltd from Mr Mak Siu Lun for HK$32m
Company announcement, 18-Feb-2011
The target has no tangible assets but for 5 years it will receive 50% of the net profit (if any) of Asia Wireless Media Ltd in respect of the sale of rechargeable stored value SIM cards in Asia, in return for "consultancy and advisory services". The announcement fails to say who will provide such services, or who Mr Mak is, or what role he plays in all this.
Company announcement, 18-Feb-2011
The target has no tangible assets but for 5 years it will receive 50% of the net profit (if any) of Asia Wireless Media Ltd in respect of the sale of rechargeable stored value SIM cards in Asia, in return for "consultancy and advisory services". The announcement fails to say who will provide such services, or who Mr Mak is, or what role he plays in all this.
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