GME Innotainment Inc (GMEV)

[funnyG986]

GMEV another filing out today related to subsidiary Celestial Talent International Limited acquisition by China 3D; Seller approves the LOI

Each of the Vendors agreed to sell 25.5% of the issued share capital of the Target
Company to the Purchaser. Upon completion of the Acquisition, each of the Vendors
still owns 24.5% of the issued share capital of the Target Company.


CONDITIONS PRECEDENT
Completion is conditional upon the following conditions being satisfied, or waived by
the Purchaser (as the case may be):
(i) the completion of the due diligence review and investigation by the Purchaser;
(ii) the passing of the resolution by the shareholders of the Company in the special
general meeting approving the Acquisition and issue of Consideration Shares and
the transactions contemplated thereunder; and
(iii) the Listing Committee of the Stock Exchange granting the listing of, and
permission to deal in the Consideration Shares;
http://www.china3d8078.com/image/data/Announcements/147036020627964400.pdf

“Target Company” Celestial Talent International Limited is an investment
holding company incorporated in BVI with limited
liability
“Target Group” Target Company, Access Max, Unison Associates, GZ
Mania and GME Casting Studio


GMEV 13 subsidiaries: The highlighted ones are the one about to be sold

1. GME Holdings Limited (GMEH) operates an artist management and event management business in Hong Kong. 55% interest sold to china 3d Entertainment in a share exchange in May 2015.
2. GMEC Ventures Limited (GMEV) and 3A Pictures Limited (3A) were incorporated in Hong Kong to hold future investment.
3. GME Distribution Workshop Limited (GMED) was incorporated in Hong Kong to manage the movie-related businesses
4. Celestial Talent International Limited (Celestial) was incorporated in BVI to hold the fellow subsidiaries incorporated in 2014.
5. Platinum China Enterprises Limited (Platinum) was incorporated in BVI to hold 100% equity interest of GME London Limited (GME London).
6. Access Max International Limited (Access Max) was incorporated to hold 100% equity interest of MY GME Sdn. Bhd. (MY GME) and GME Casting Studio Limited (GME Casting). Company owns 51% equity interest of GME Casting through Access Max.