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Universal Resource and Services Ltd Announces Completion Of Proposed Disposal Of Equity Interest

Friday, 28 Jun 2013 06:33am EDT 

Universal Resource and Services Ltd announced that completion of the Proposed Disposals has taken place on June 28, 2013 when 49%, being the entire equity interest held by Dagang, in the registered capital of Xinghai has been transferred to Mr Zhang He pursuant to the terms and conditions of the Agreement. Following the completion of the Proposed Disposals, Xinghai has ceased to be one of the subsidiaries of the Group. 

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