Brief: South Sea Petroleum terminates transaction related to formation of joint-investment graphite co

Elate Holdings

18/04/2017 10:32

April 18 (Reuters) - South Sea Petroleum Holdings Ltd : 
    * Termination of a discloseable transaction  
    * Both MGL and GSL agreed to unconditionally release each 
other from joint-investment plan 
    * South sea petroleum holdings ltd - termination of a 
transaction in relation to formation of a joint-investment 
graphite company 
    * South sea petroleum - termination agreement was signed 
regarding establishment of joint-investment company for 
producing graphite products 
    * South sea petroleum holdings ltd - company decided to 
establish a wholly-owned subsidiary to develop graphite business 
    * South sea petroleum holdings ltd - company will use us$6 
million as working capital for new wholly-owned subsidiary 
 
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