Brief: Asiaphos Is Contemplating Restructuring Involving Units In Business & Potential Acquisition

Asiaphos

23/09/2020 15:26

Sept 23 (Reuters) - AsiaPhos Ltd  ASIP.SI :
    * CONTEMPLATING RESTRUCTURING INVOLVING UNITS IN BUSINESS &
POTENTIAL ACQUISITION
    * RESTRUCTURING, INTER-ALIA, TO CATER FOR ONGOING
ARBITRATION WITH
PRC GOVERNMENT
    * CONTINUES TO BE OPEN TO CONSIDER ANY COMPENSATION PROPOSAL
FROM
PRC GOVERNMENT REGARDING OPERATIONS IN FENG TAI MINE
    * EXPECTS DISCUSSION & NEGOTIATION WITH PRC GOVERNMENT MAY
TAKE
YEARS TO SETTLE & REQUIRE SUBSTANTIAL FUNDING

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ5WPxtw
Further company coverage:  ASIP.SI 

 ((Reuters.Briefs@thomsonreuters.com;))