Trs Investments Ltd : TRS has, in consultation with HuaHan, investigated potential property transactions in New Zealand since their investment in TRS . HuaHan has now advised that it no longer wishes to pursue transactions in New Zealand with TRS . Has not received funds from a requested drawdown from HuaHan working capital facility . "Directors need to undertake further due diligence but believe opportunity appears very good" . HuaHan's nominee to the TRS board, Hao Sun, has resigned with immediate effect .TRS has been introduced to a Chinese company with an established business and are interested in reverse listing that business into TRS.