Leeport (Holdings) Limited (HKG:0387) announced that it acquired approximately 2.013% of the current issued share capital of Prima on the open stock market of Milan Exchange during the period from 3 June 2011 to 14 May 2012 at a total consideration of approximately EUR1.43 million (HK$15.37 million) in cash.

The consideration of the acquisition ranged from EUR5.90 to EUR10.46 per share and was satisfied on the respective settlement dates from internal resources of Leeport. Leeport holds approximately 2.013% of the current issued share capital of Prima as at yesterday.

Prima is the one of the major suppliers of Leeport for laser cutting machines, punching machines, bending machines and automation systems. The acquisition is in line with Leeport’s strategy of investing in and collaborating with leading makers of manufacturing equipment and tools around the world. The directors of Leeport are also of the view that the stock market conditions in Europe over the past 12 months present a good opportunity for the acquisition.

Source:chinesestock.org