Brief: Ir Resources updates on formation of joint ventures and business restructuring of group

Almana

19/09/2016 16:00

Sept 19 (Reuters) - Ir Resources Ltd  8186.HK : 
 * Major transaction - formation of joint ventures and business restructuring of 
   the group  8186.HK  
 * Says group entered into the subscription agreement with the subscribers 
 * Vendor will procure spv1 to dispose of and subscriber d will acquire 33.3% 
   equity interest of jv1 
 * Says vendor will dispose of and subscriber a will acquire 39.2% equity 
   interest of jv2 
 * Says vendor will procure jv1 to dispose of and subscriber b will acquire 40% 
   equity interest of the timber exploration jv 
 
 * Source text for Eikon  ID:nHKS3W4ZC1  
 
 ((Further company coverage:  8186.HK )) 
 ((Bangalore.newsroom@thomsonreuters.com))