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IND DairyTech Limited announces further capital increase of RMB 106 million (CDN $16.4 million) in its Chinese subsidiary

  //house-home.news-articles.net/content/2010/08/1 .. -cdn-16-4-million-in-its-chinese-subsidiary.html
  Published in House and Home on Monday, August 16th 2010 at 4:10 GMT by Market Wire
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 a) by October 20, 2010, the Company has not started the application to TSXV regarding IND China's listing plan in China or the application has been denied; or b) IND China is not listed on a stock exchange in China by December 31, 2013 or the Chinese Securities Regulatory Commission denies IND China's application for a stock exchange listing prior to such date; or c) IND China does not achieve the guaranteed annual net profit for 2010 and does not achieve 30% annual net profit growth in 2011; or d) IND China does not disclose to the Investors material information relating to IND China's operations, the Investors may require IND Lifetech and Shanghai KP to buy back all their IND China shares at a price equal to the original acquisition price plus 15% interest per annum compounded annually less any dividends received. Mr. Zhu and Ai De have agreed to guarantee the obligations of IND Lifetech and Shanghai KP under the Performance Guarantee or otherwise compensate Investors accordingly.