NOTICE OF TRANSFER OF BUSINESS
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In pursuance of Sections 4 and 5 of the Transfer of Businesses (Protection of Creditors) Ordinance (Cap. 49 of the Laws of Hong Kong)
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Notice is hereby given that Seiko Parts Limited, a company incorporated in Hong Kong (Company Registration No. 458473) whose registered office is situated at Suite 1118, Shatin Galleria, 18–24 Shan Mei Street, Fo Tan, Shatin, New Territories, Hong Kong (the “Transferor”) carrying on the business of trading of high-performance rubber rollers and metal parts and components for office automation equipment and investment holding of subsidiaries producing the products sold by the Transferor (the “Business”) under the name “Seiko” at Suite 1118, Shatin Galleria, 18–24 Shan Mei Street, Fo Tan, Shatin, New Territories, Hong Kong.
The Transferor has agreed to transfer the Business as a going concern (including (i) the goodwill of the Transferor about the Business, (ii) the legal and beneficial title to the most of the assets of the Transferor owned or used in connection with the Business, and (iii) the benefit of certain contracts relating to the Business subject to any burden attaching to such contracts) to Seiko Components (H.K.) Limited, a company incorporated in Hong Kong (CompanyRegistration No. 3076142) whose registered office is situated at Suite 1118, Shatin Galleria, 18–24 Shan Mei Street, Fo Tan, Shatin, New Territories, Hong Kong (the “Transferee”).
Completion of the transfer will take place by 31st December 2021 or such other date as the Transferor and Transferee may agree (the “Effective Date”). With effect from the Effective Date, the Transferee intends to carry on the Business under the name “Seiko” from the same premises as existing at present.
Save as otherwise agreed between the Transferor and the Transferee, all debts, liabilities and outgoings in respect of the Business and/or the assets accrued up to the Effective Date shall be borne and paid by the Transferor and all debts, liabilities and outgoings in respect of the Business accrued after the Effective Date shall be borne and paid by the Transferee.
Notice is hereby given that at the expiration of one month after the date of the last publication of this notice, the liability of the Transferee (if any) for all the said debts and obligations arising out of the carrying on of the Business by the Transferor before the Effective Date shall cease by virtue of the Transfer of Businesses (Protection of Creditors) Ordinance unless proceedings are instituted prior to such expiration.
Dated the 2nd day of November 2021.
Seiko Parts Limited
Transferor
Seiko Components (H.K.) Limited
Transferee