Peace Map Holdings Limited (PMHL) has sold the entire issue share capital of Rich Path Holdings Limited (Rich Path) to Sino Access Holdings Limited (Sino) for a US$45.7 million consideration.
Rich Path is a wholly-owned subsidiary of PMHL. The company provides maintenance and construction work on civil engineering contracts in respect of waterworks engineering and slope upgrading for public sector in Hong Kong, the provision o water supply services in the PRC and the provision of renovation services in Macau
Sino Access is a company incorporated in the BVI with limited liability and is principally engaged in investment holding. Sino Access is one of the vendors for the acquisition of the entire issued share capital of Well Delight Holdings Limited (now known as MIG Resources Limited) which held for mining licenses for three mines with coal, gold and copper deposits in Mongolia in 2010. The company is wholly-owned by Diamond Width Holding Limited.
Peace Map Holding Limited is engaged in the provision of maintenance and construction work for civil engineering contracts, water supply services and renovation services as well as mining and exploration of mineral resources.
Oaklins' team in Hong Kong advised the seller in this transaction.
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