Wednesday, April 18, 2007

C2O Holdings Ltd agreed to acquire Green Aces Development Pte Ltd from Ace Dynamics Ltd

C2O Holdings Ltd agreed to acquire Green Aces Development Pte Ltd from Ace Dynamics Ltd

April 18, 2007 - Singapore, Singapore — C2O Holdings Ltd entered into a binding memorandum of understanding to acquire Green Aces Development Pte Ltd from Ace Dynamics Ltd for about SGD188.2 million (US$124.3 million) in shares. Green Aces Development engages in real estate property development and construction. As consideration, C2O Holdings will issue 200 million shares.

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