REL: 0852 HRS Rakon Limited
ASSET: RAK: Equity Transfer Agreement - Settlement & Completion
30 SEPTEMBER 2013 (RAK)
RAKON & ECEC EQUITY TRANSFER AGREEMENT - SETTLEMENT & COMPLETION
Further to Rakon Limited's (NZX:RAK) announcement on 13 August 2013 in
relation to the ECEC Equity Transfer Agreement, Rakon advises that settlement
& completion is now expected to take place during October 2013.
The previously expected completion date of 30 September 2013 relied on the
timely processing of approvals through a number of Chinese regulatory
authorities. The delay is simply a result of moving timelines associated with
a number of agencies approving a transaction in China, rather than any
specific approval issue or change in commitment from either of the parties.
Rakon will advise on the completion outcome during October.
Rakon (09) 571 9323
End CA:00241753 For:RAK Type:ASSET Time:2013-09-30 08:52:39