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Zhong Guo Nian Dai Energy Investment(Hong Kong)Ltd & China Energy Development Holdings Ltd	Update Date: 02/05/09
Date Announced: 02/04/09
Value (million $USD): 1.29 billion U.S. Dollar 10.00 billion Hong Kong Dollar

Status: Pending

TRANSACTION DETAILS
Date Announced	02/04/09
Date Originally Announced	02/04/09
Format	Merger	Acquisition techniques	Divestiture
Attitude	Friendly	Agency	n/a
Value	1.29 billion U.S. Dollar 10.00 billion Hong Kong Dollar	Advisor Fees	n/a

SYNOPSIS

HONG KONG ? China Energy Development Holdings Ltd agreed to acquire the entire share capital of Zhong Guo Nian Dai Energy Investment (Hong Kong) Ltd, an oil and gas exploration and production company, from Totalbuild Ltd, for an estimated 10 bil Hong Kong dollars ($1.29 bil US). The consideration was to consist of HK$185 mil ($23.862 mil) in cash and HK$9.815 bil ($1. 266 bil) in convertible notes. The transaction was subject to shareholders? and regulatory approvals and to due diligence review.

TARGET
Name	Zhong Guo Nian Dai Energy Investment(Hong Kong)Ltd
Industries	Drilling oil and gas wells; Oil and gas field exploration services; Investors, nec; Offices of holding companies, nec
City	n/a
State	n/a
Nation	Hong Kong
Incorporated in	n/a
Public Status	Subsidiary
Business Description	Zhong Guo Nian Dai Energy Investment (Hong Kong) Ltd is an oil and gas exploration and production company, headquartered in Hong Kong. It is also engaged in investment holding activities.
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	China Energy Development Holdings Ltd (Hong Kong : 228)
Industries	Drinking places (alcoholic beverages); Business services, nec; Investors, nec; Offices of holding companies, nec; Real estate agents and managers
City	Sheung Wan Central
State	n/a
Nation	Hong Kong
Incorporated in	n/a
Public Status	Public
Business Description	China Energy Development Holdings Ltd, located in Central, Hong Kong, operates a chain of Chinese restaurants and food manufacturing in Hong Kong. They specialize in Chinese dimsum and main courses, particularly lobster cuisine and other seafood delicacies. Other activities of the Group include property investment, manufactures seasonal food and investment and intellectual property holding. At December 31, 2005, the Company operated five restaurants, of which two are located at Tsim Sha Tsui and one of each in Mongkok, Hunghom and Tokwawan. The company was founded in 2001.
Advisors	NULL
Acquiror Sales	n/a

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