Forest & Wood Products
Ir Resources Ltd <8186.HK> : Vendor has conditionally agreed to dispose of and purchaser has agreed to acquire sale shares . Consideration for sale shares amounts to HK$20.5 million .Unit and vendor entered into sale and purchase agreement.
Btm Resources Bhd
China Agroforestry Low-Carbon Holdings Limited : Ca Low-carbon-discloseable Transaction In Relation To The Proposed Acquisition Of The Entire Issued Share Capital Of Huxiang International Holdings Limited <1069.HK> . Company and vendor entered into acquisition agreement . Deal for consideration of HK$93 million .Pursuant to deal, company has conditionally agreed to acquire from vendor company sale shares of target company.
Universal Forest Products Inc
China Sandi Holdings Ltd <0910.HK>: Placing of new shares under general mandate <0910.HK> . Company entered into the placing agreement . Expected that the maximum gross proceeds and net proceeds from the placing will be approximately hk$38.4 million and hk$37.4 million respectively . To place up to 160mln placing shares at the placing price of hk$0.24 per placing share .
China Sandi Holdings Ltd <0910.HK>: 1) discloseable transaction - provision of financial assistance and (2) change in use of proceeds from rights issue <0910.HK> . Says unit Fujian Sinco as lender, and Putian Sanfeng, as borrower, entered into the loan agreement . Fujian sinco has conditionally agreed to grant the loan to Putian Sanfeng for a term of 9 months . Loan agreement for principal amount of RMB140 million . Says the loan will be financed by the net proceeds . Company had raised net proceeds of approximately hk$323 million from the rights issue .