Brief: Sino Resources Group updates on subscription agreement and strategic cooperation agreement

Elife Holdings

22/11/2016 14:07

Nov 22 (Reuters) - Sino Resources Group Ltd  0223.HK  
    * Group entered into subscription agreement and strategic 
cooperation agreement with various parties 
    * Company and chen agreed to contribute hk$7.2 million and 
hk$2.8 million into share capital of National Gain 
    * Total contribution amount of hk$10 million is agreed 
between group and national gain 
    * Company, Chen and National Gain entered into subscription 
agreement 
    * Upon completion, National Gain will be held as to 72% and 
28% by co and chen, respectively 
    * Hui Min International And Huimin entered into strategic 
cooperation agreement 
    * Pursuant to strategic cooperation agreement Hui Min 
International Appointed as overseas procurement and supply agent 
of Huimin 
 
Source text for Eikon:  ID:nHKS3Wrxmm  
Further company coverage:  0223.HK  
 
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