Pan Yen Chu entered into a share purchase and sale agreement to acquire Taiwan Halee International Co. Ltd. from TransAKT Ltd. (OTCPK:TAKD) for $1.5 million on January 4, 2013. The purchase price is being paid by the delivery to TransAKT of 45 million common voting shares of TransAKT Ltd. previously issued in connection with the acquisition of HTT in 2006. Taiwan Halee International Co. Ltd reported net revenues of $10.12 million and net income of $0.06 million in 2012. The acquisition is subject to completion of due diligence, approval of applicable foreign investment regulatory agency or commission, and any other applicable government or regulatory authority in Taiwan and TransAKT shares being conditionally approved for listing by the exchange.

Pan Yen Chu completed the acquisition of Taiwan Halee International Co. Ltd. from TransAKT Ltd. (OTCPK:TAKD) on January 7, 2013.