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CCT Land (00261) terminates supercar business acquisition
CCT Land (00261) said it agreed to terminate the
proposed acquisition of 51% equity interest in Sino Partner Global Limited at HK$1,468 
million.
  After taking into account the additional time which will be required to prepare the
circular and to complete the acquisition, the vendor does not agree to further extend the
long stop date.
  CCT Land believes the termination will not have any material adverse effect on the 
operations or financial position of the Group.
  The target group is principally engaged in the design, development, manufacturing and
sales of high performance supercars under its owned brand "Apollo" in the PRC, Europe and
internationally.

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