Brief: China Metal Resources Utilization Announces Entering Into Annual Procurement Agreement

China Metal Resources Utilization

15/06/2018 12:21

June 15 (Reuters) - China Metal Resources Utilization Ltd
 1636.HK :
    * SUPPLIERS TO SUPPLY 160,000 TONNES OF COPPER SCRAP RAW
MATERIALS
TO GROUP FROM  JUNE 16 TO JUNE 15, 2019
    * PURCHASE PRICE OF COPPER SCRAP RAW MATERIALS TO BE PARTLY
SATISFIED WITH CASH AND CONSIDERATION SHARES
    * FOR EACH TON OF COPPER SCRAP RAW MATERIALS CO TO PAY UP TO
RMB3,000 BY WAY OF ISSUANCE OF UP TO 734 SHARES
    * MAXIMUM NUMBER OF CONSIDERATION SHARES CO MAY ISSUE IS
117.4
MILLION SHARES; ISSUE PRICE HK$5 PER CONSIDERATION SHARE
    * CO ENTERED INTO ANNUAL PROCUREMENT AGREEMENT WITH
SUPPLIERS AND
SUBSCRIBERS

Source text for Eikon:  ID:nHKSB5QCq 
Further company coverage:  1636.HK 

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