November 10，New Silk Road Cultural 188bet online live casino Co., Ltd. disclosure announcement，On October 29, Toronto time，The Ontario Superior Court of Justice rejected the CIM seller’s motion to restrain NSR Toronto from transferring the equity of “Principal Oak Bay” to the buyer。

The court agreed that NSR 188bet online live casino and the buyer can complete the transaction on or before November 30, 2019 (188bet online live casino time)，Otherwise, the CIM seller has the right to find another way to seek judicial relief。

At the same time，The buyer and NSR 188bet online live casino agree to extend the completion date from October 30, 2019 (188bet online live casino time) to November 29, 2019 (188bet online live casino time)。Other terms and conditions of the Equity Purchase Agreement remain unchanged。

Statement of the New Silk Road Cultural 188bet online live casino Board of Directors，The buyer’s offer to purchase all the shares of “Principal Oak Bay” has been accepted by NSR Toronto (also representing the CIM seller)。At the same time，According to the terms of the put option agreement，NSR Toronto is authorized by the aCIM seller to legally accept on its behalf、Execution and delivery of all documents and tickets，And take all necessary actions to complete the sale of the equity interest in "Principal Oak Bay"。a

At the same time，The consideration was reached after fair negotiations between NSR 188bet online live casino and the buyer，It was formulated based on the offer price put forward by bidders on the open market earlier this year and a reputable commercial real estate agency provided NSR 188bet online live casino with a valuation of the land，And an independent valuer’s estimate using the direct comparison method is consistent。

According to Guandian Real Estate New Media report on October 13，NSR Toronto, an indirect wholly-owned subsidiary of New Silk Road Cultural 188bet online live casino, entered into an equity purchase agreement on October 10 (Toronto time)。

According to the Equity Purchase Agreement，NSR 188bet online live casino and CIM sellers must, among other things, sell their stake in the Principal Oak Bay project，Total cash consideration is CAD.7 million，About 2.HK.7 billion。

*thisWen LaiSource: ViewpointReal Estate Network, original title: "New Silk Road Cultural 188bet online live casino 2.Hong Kong dollar 4.7 billion sale of Canada project delayed》.