Brief: China Natural Resources say On Dec. 29, Co Entered Into Sale and Purchase Agreement With Shanghai Kangzheng Investment

China Natural Resources

03/01/2018 16:24

Jan 3 (Reuters) - China Natural Resources Inc  CHNR.O : 
    * CHINA NATURAL RESOURCES- ON DEC. 29, CO AND ITS UNIT ENTERED INTO SALE AND 
PURCHASE AGREEMENT WITH SHANGHAI KANGZHENG INVESTMENT MANAGEMENT CO., LTD 
    * CHINA NATURAL RESOURCES- CHNR SOLD,PURCHASER PURCHASED, ALL OF CHNR'S 
RIGHT, 
TITLE, INTEREST IN AND TO OUTSTANDING CAPITAL STOCK OF DOUBLE GROW,UNITS 
    * CHINA NATURAL RESOURCES- PURCHASE AGREEMENT PROVIDES THAT THE PURCHASE 
PRICE FOR 
THE EQUITY INTERESTS IS $2.6 MILLION 
    * CHINA NATURAL RESOURCES- AT THE TIME THE PURCHASE AGREEMENT WAS SIGNED, 
THE 
PARTIES ALSO EXECUTED A DEED OF ASSIGNMENT OF LOAN 
    * CHINA NATURAL RESOURCES- PURSUANT TO AGREEMENT CHNR ASSIGNED TO THE 
PURCHASER 
ITS RIGHT TO RECEIVE REPAYMENT OF THE US$1.4 MILLION LOAN FROM DOUBLE GROW 
 
Source text (http://bit.ly/2CvoA7l) 
Further company coverage:  CHNR.O  
 
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