Cacola

Cacola: Entered MOU for a 51% acquisition in Yunxi XingQiang Gold Ltd (YXG), which wholly owns the Hubei Goldmine, for Rmb71.4m. The goldmine, located in Shiyan City, Yunxi County, Hubei Province in China, has a preliminary indicative valuation of not less than Rmb150m according to YXG. The long stop date of the MOU will be on 30 Dec 2013. Separately, the furniture maker had announced that it is still in the midst of finalizing the acquisition of the Guizhou Goldmine, which had previously lapsed on 31 Jul after several terms on the agreement were not met.