Further to the announcement of the Company dated 26/10/2020, regarding the Memorandum of Understanding (MOU) signed between C.C.C. Tourist Enterprises Public Company Ltd, Emerald Coast Properties Ltd and Invel Real Estate Management (Cyprus) Ltd, for the possible acquisition of 100% of the issued shares of Parklane Hotels Limited, the Company announces that the completion of the acquisition, which is subject to the conclusion of the due diligence and the final agreements, has been extended until 26th February 2021.
For purposes of easy reference to the investors, we attach as Appendix A the announcement dated 26/10/2020.
C.C.C. Secretarial Ltd
Limassol, 22nd January 2021