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News Breaks | | | | November 23, 2012 | | 13:10 EDT |  | PACQ | Prime Acquisition Corp. cancels acquisition of Yuantong Investment Holdings
Prime Acquisition Corp. announced that effective November 21 it terminated its previously disclosed definitive share exchange agreement with Yuantong Investment Holdings Limited due to an uncured material breach of the agreement. Prime is continuing its search for a potential acquisition target and will keep its shareholders apprised of its progress. | |
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News For PACQ From The Last 14 Days Check below for free stories on PACQ the last two weeks. |
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| May 23, 2013 | | 08:33 EDT | | PACQ | Prime Acquisition Corp. signs management agreement with bhn
Prime Acquisition and privately held bhn LLC, the U.S. affiliate of financial and strategic advisory boutique bhn S.r.l. in Milan, have entered into a Management Agreement, effective May 22, in connection with the previously announced proposed business combination transaction. The Management Agreement appoints bhn as the manager that will be responsible for managing the assets of Prime, including but not limited to overseeing the day-to-day operations, selecting additional performing assets to be acquired, negotiating acquisitions, selecting local property management companies, and disposing of the assets. | |
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