Brief: Pan Asia Mining updates on disposal of a leasehold property

Hephaestus Holdings

07/12/2015 10:19

Dec 7 (Reuters) - Pan Asia Mining Ltd  8173.HK : 
 * Termination of discloseable transaction,option agreement in relation to a disposal of a leasehold property  
 * Termination will not have any material adverse impact on the financial position and operation of the group 
 * Says according to the terms in the option agreement, the option and the disposal shall be automatically terminated 
 * Says "the vendor shall refund all monies paid by the purchaser to the purchaser without interest" 
 * Received official letter from jtc on 7 December 2015 dated 3 December 2015 and was told that the transfer of the lease has been rejected 
 * Source text for Eikon  ID:nHKS69Fwwg  
 
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