| In Feb 2010, Burwill successfully acquired 51% equity interest of Tai Xin Minerals Limited from the Vendor (Tai Xin Investment Limited and Tai Xin Holdings Limited) for HK$500 million. Burwill will also be granted a call option to acquire new shares of the Tai xin for an additional consideration of HK$259 million to be paid on a one-off basis to the effect that the Burwill shall own 70% of the enlarged issued share capital of Tai Xin.
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