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| Home : Bohong Pays Second Deposit, Exercises Right to Extend Financing Deadline to November 30, 2012 |
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Aug 31
2012 |
Bohong Pays Second Deposit, Exercises Right to Extend Financing Deadline to November 30, 2012 |
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BRANTFORD, ONTARIO--(Marketwire - Aug. 31, 2012) - Wescast Industries Inc. (TSX:WCS.A) ("Wescast") today announced that, in connection with its previously-announced acquisition by Sichuan Bohong Industry Co., Ltd. ("Bohong") of China, Bohong has exercised its right under the arrangement agreement for the transaction to extend the deadline for it to obtain financing for its acquisition of Wescast until November 30, 2012 by paying another $2 million deposit to Wescast. |
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| Source:http://www.marketwire.com/mw/release.do?id=1696414&sourceType=3 |
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