| Title: | Orient Resource Holdings Ltd acquires Ridwest Group (pending) |
| Price: | $48.00 |
| Publication Date: | May 09, 2008 |
| Abstract: | AUSTRALIA - Orient Resource Holdings Ltd (OR) agreed to acquire the remaining 90.71% interest, which it did not already own, in Ridwest Group (RG), an engineering services provider, for 14.5 mil Australian dollars ($13.674 mil US) in OR ordinary shares. Concurrently, OR agreed to acquire a 9.29% stake in RG. The transaction was subject to due diligence completion, and to regulatory and shareholder approvals. |
| Acquirer: | Orient Resource Holdings Ltd |
| Acquirer Business Discription: | Pvd corrosion protection scvs |
| Acquirer SIC Code: | 1629 - Heavy construction, nec |
| Target Name: | Ridwest Group |
| Target Business Description: | Pvd engineering svcs |
| Target SIC Code: | 8711 - Engineering services |
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