Brief: China Billion Resources Announces Settlement Agreement With A Director Of Hunan Westralian

Renaissance Asia Silk Road

10/08/2020 15:13

Aug 10 (Reuters) - China Billion Resources Ltd  0274.HK :
    * CO AND WESTRALIAN RESOURCES ENTERED SETTLEMENT AGREEMENT
WITH A
DIRECTOR OF HUNAN WESTRALIAN
    * AGREEMENT FOR RESCHEDULING OF RMB58.5 MILLION OWED BY CO
TO
INDIVIDUAL UNDER LOAN AGREEMENT AS AT 31 JULY 2020
    * CO & WESTRALIAN RESOURCES TO SELL 29% STAKE IN HUNAN
WESTRALIAN
TO A DIRECTOR OF HUNAN WESTRALIAN FOR RMB38.5 MILLION
    * DIRECTOR OF HUNAN WESTRALIAN TO EXTEND MATURITY DATE AND
DRAWDOWN PERIOD UNDER LOAN AGREEMENT TO 31 AUG 2021

Source text https://bit.ly/31DN9Jz
Further company coverage:  0274.HK 

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