Acquisition of Safe2Travel Pte Ltd (“Safe2Travel”) by Xxxxx Xxxx Sample Clauses

Acquisition of Safe2Travel Pte Ltd (“Safe2Travel”) by Xxxxx Xxxx. Pursuant to a sale and purchase agreement dated 14 August 2009, China Strategic Holdings Limited (“CS-BVI”), a private limited liability company incorporated in the British Virgin Islands and wholly owned by Xxxxx Xxxx, acquired 100% of the equity interest of Safe2Travel for a cash consideration of approximately HK$100,032,000 from its previous shareholder, Pacnet Internet Services (S) Pte Ltd. The acquisition was completed on 23 October 2009. Prior to the above acquisition, the ultimate, penultimate and immediate holding companies of the subsidiary, Safe2Travel Pte Ltd were Pacnet Limited, Pacnet Internet (S) Pte Ltd and Pacnet Internet Services (S) Pte Ltd, respectively, as at 31 December 2008.
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Related to Acquisition of Safe2Travel Pte Ltd (“Safe2Travel”) by Xxxxx Xxxx

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