Brief: TRS Investments Ltd announces resignation of director

Being AI

27/02/2017 20:39

Feb 28 (Reuters) - Trs Investments Ltd  TRS.NZ  : 
    * 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 
 
Source text for Eikon:  ID:nNZW2P7HgF  
Further company coverage:  TRS.NZ  
 
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