China Prem. Lifestyle Enterprise Inc.(fka CPLY) (CPLY)

[funnyG986]

WOW, CPLY company taken by Auto Italia at $0.085 per share!!!!!!!
http://www.quamnet.com/htt1b9dp:/www.quamir.com/quamir/newscontent.action?articleId=3697766

Auto Italia (00720) adds 40.27% stake in CPLY
09 Jul 2014
Infocast
(Infocast News) Auto Italia Holdings Limited (00720) has agreed to buy 9.879 million shares, or 40.27% issued shares, of China Premium Lifestyle Enterprise, Inc. (CPLY), an indirect non-wholly-owned subsidiary of Auto Italia, at a consideration of US$839,749 (HK$6.55 million). The acquisition increases Auto Italia's stake in the subsidiary to 90.04%.

CPLY holds 49% shareholding interest of Technorient Limited; the remaining 51% shareholding interest of Technorient is indirectly held by Auto Italia. Technorient is a holding company of the operating subsidiaries of Auto Italai for import, distribution and provision of after-sales services of Italian "Ferrari" and "Maserati" branded cars in Hong Kong and Macau, and for the provision of pre-delivery inspection service in Shanghai, the PRC.
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