28th Aug 2009 09:12
28 August 2009
China Growth Opportunities Limited
("China Growth" or "the Company")
Sale of China New Energy
China Growth has today agreed to sell all of its 25% holding in China New Energy Limited ("CNE") for a cash payment of US$1.1 million. China Growth is due to receive the proceeds in two tranches, US$550,000 by 27 September 2009 and the remaining US$550,000 by 30 October 2009.
The CNE investment was held in the Company's annual accounts at 31 March 2009 at a value of ₤0.7 million (US$1 million).
For further information, please visit www.chinagrowthopportunities.com or contact:
|
Rhys Davies China Growth Opportunities Limited + 41 (0) 796 200 215 |
Hugh Field Collins Stewart Europe Limited (Nomad) + 44 (0) 20 7523 8350 |
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