Crafts online

Your current position:Home > Industrial Express > Industry market

Industry market

ROK Diamonds to Buy Sierra

Release time: 2008-6-12 0:16:01 Visit frequency: 265

Online diamond jewelry retailer ROK Diamonds agreed to acquire a diamond tailings dump in Sierra Leone, as a first stage towards divesting from parent company ROK Entertainment Group (REG.) The United Kingdom-based company signed a letter of intent to buy the Kariba Kono diamondiferous gravel dump from Australia-based Mineral Commodities Limited (MRC) for an undisclosed amount. “The acquisition of Kariba Kono would result in the vertical integration of the online diamond retailer, ROK Diamonds, and a mining source of high quality gemstones, which would represent very attractive synergies to both parties,” the company stated. The newly combined company will be spun off from REG, a mobile entertainment company, and listed as an independent quoted company. The company will be self-financed and will not require any cash from REG, which will retain a 26 percent stake in ROK Diamonds and one seat on the board of directors, the company explained. The disposal process is expected to be completed in the second fiscal quarter ending September 30, 2008, and is subject to the parties entering into a definitive share and asset purchase agreement.

Information sources: Releaser: a12345

【Check up comments】(Have 0 comments Count)

Related information

Commentary

Latest Demand Info

· [Demand]Crystal Candle Hol..	08-03-12
· [Demand]Sell Ceramic Essen..	08-03-12
· [Demand]Sell Christmas Dec..	08-03-12
· [Demand]Sell glass candel ..	08-03-12
· [Demand]Sell Candle Holder	08-03-12
· [Demand]Sell ceramics cand..	08-03-12
· [Demand]Sell aluminum foil..	08-03-12
· [Demand]Provide Candleholder	08-03-12
· [Demand]Color pillar candl..	08-03-12
· [Demand]Sell Glass Candleh..	08-03-12

Latest Supply Info

suggestions and comments

Title:

Content:

E_mail：

Advertising License:xxxxxx Get network name:xxxxxx A Web site:xxxxxx