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Ares Asia Ltd (0645.HK)

0645.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Ares Asia updates on restructuring of coal supply and purchase agreements
Monday, 12 Dec 2016 06:15am EST 

Ares Asia Ltd <0645.HK> : Ares asia ltd- group recently restructured the rights and obligations under those coal supply and purchase agreements . Ares asia ltd- group recently restructured through a series of contracts signed and exchanged on 12 december 2016 with the relevant parties . Approximately us$140,000 are to be repaid to the group within 90 days of the date of the new contracts .Ares asia ltd- effect of new contracts is for original supplier to agree to coal supply arrangement for anticipated term of approximately 5 years.  Full Article

Ares asia issues profit warning<0645.HK>
Tuesday, 31 May 2016 04:26am EDT 

Ares Asia Ltd <0645.HK>: Asia-profit warning <0645.HK> . Says loss of the group for the year ended 31 March 2016 is expected to have significantly increases . Expected increase in loss due to impairment loss recognised on a prepayment made by group .  Full Article

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