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Asia Resources Holdings Ltd (0899.HK)

0899.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Asia Resources says unit entered into acquisition agreement
Tuesday, 28 Feb 2017 07:58am EST 

Asia Resources Holdings Ltd <0899.HK> : Unit as purchaser entered into acquisition agreement with vendor in relation to acquisition . Deal for initial consideration of rmb220 million . Unit agreed to purchase and vendor has agreed to sell property .Purchaser being Shenzhen Weisidun Investment Development; vendor being Beijing Zhongtou Chuangzhan Land Company.  Full Article

Asia Resources's unit terminates deal with Shi Zhong Zhan Investment Development
Wednesday, 18 Jan 2017 07:39am EST 

Asia Resources Holdings Ltd <0899.HK> : Refers to announcement dated 15 April 2015 in relation to acquisition of certain properties . Purchaser has exercised its rights to terminate acquisition agreements by serving a termination notice to vendor . Refund for termination in amount of RMB274 million . Termination of acquisition agreements has no material adverse impact on existing business of group .Purchaser is a unit; Guangzhou Shi Zhong Zhan Investment Development Company is the vendor.  Full Article

Asia Resources announces acquisition of Shaanxi Tiandi Zhongli Energy Development Co Ltd<0899.HK>
Wednesday, 29 Jun 2016 09:06am EDT 

Asia Resources Holdings Ltd <0899.HK>: Discloseable transaction in relation to the acquisition of 100% equity interest in Shaanxi Tiandi Zhongli Energy Development Company Limited <0899.HK> . Deal for consideration of RMB31.2 million . Unit World Metro Investment Ltd(Purchaser) entered into the sale and purchase agreement with the vendors .  Full Article

Asia Resources Holdings Ltd says purchaser entered third acquisition agreement with the vendor
Thursday, 27 Aug 2015 10:14am EDT 

Asia Resources Holdings Ltd:Purchaser, unit of Co entered into the third acquisition agreement with the vendor.Pursuant to agreement the Vendor has agreed to sell and the Purchaser has agreed to purchase the Property for the initial Consideration of 80,760,876 yuan.Says consideration is intended to be funded by internal resources of the group.  Full Article

Asia Resources Holdings Ltd completes placing of new shares
Friday, 22 May 2015 07:52am EDT 

Asia Resources Holdings Ltd:Says all conditions of the Placing as set out in the Placing Agreement have been fulfilled and completion of the Placing took place on May 22.Says an aggregate of 340,000,000 Placing Shares under Placing have been successfully placed by Kingston Securities Limited, as Placing Agent under Placing Agreement, at Placing Price of HK$0.42 per Placing Share to not less than six Placees pursuant to the terms of the Placing Agreement.Gross proceeds from the Placing are approximately HK$142.8 million, and the net proceeds of the Placing, after deduction of the placing commission and other related expenses, amount to approximately HK$141 million.Says directors expected that the net proceeds will be used for the business operation in respect of the leasing business of the Group.  Full Article

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