Saisan Co. Ltd. agreed to acquire 51% stake in Refresh Waters Queensland Pty Ltd from Refresh Group Limited (ASX:RGP) for AUD 0.75 million on November 25, 2013. The transaction is expected to close on January 2, 2014. The cash received from the sale will be used by Refresh Group Limited for repay related party borrowing and growth in other states.

Saisan Co. Ltd. completed the acquisition of 51% stake in Refresh Waters Queensland Pty Ltd from Refresh Group Limited (ASX:RGP) on January 2, 2014.