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China Saite (00153) may buy stake in Thailand property biz
China Saite Group (00153) said it entered into a memorandum of understanding in relation to 
the possible acquisition of the entire issued share capital of Good Effort International ltd.

  The target company holds 13% of the equity interests in Hydoo Best. Hydoo Best is a
company incorporated in Thailand with limited liability and is principally engaged in real
estate development. The principal assets of Hydoo Best is a parcel of land with a site 
area of 147,092.4 square metres Hydoo Best proposes to develop such land into a mixed-used
property of a total gross build up area of not less than 2.34 million square metres, which
includes a permanent exhibition mall, 1-storey permanent exhibition shop,
exhibition-convention hall, hotel and Supan-Nahong Building, to be located at Debaratana 
road (Bangna-Trad road) at km 29.5, Bang Bor sub-district, Bang Bor district, Samut Prakan
Province, Thailand.

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