Brief: Renaissance Asia Silk Road Says Deemed Disposal Of 10% Stake In Hunan Westralian Mining Co

Renaissance Asia Silk Road

18/07/2023 14:15

July 18 (Reuters) - Renaissance Asia Silk Road Group Ltd
 0274.HK :
    * DEEMED DISPOSAL OF APPROXIMATELY 10.0% EQUITY INTEREST IN
HUNAN
WESTRALIAN MINING CO
    * DOES NOT EXPECT TO RECORD ANY SIGNIFICANT GAIN OR LOSS ON
DEEMED
DISPOSAL
    * INDIVIDUAL AGREED TO MAKE A CAPITAL CONTRIBUTION OF
RMB52.0
MILLION
    * AFTER COMPLETION, TARGET COMPANY WILL BE OWNED AS TO
APPROXIMATELY 41.0% BY WESTRALIAN RESOURCES


Further company coverage:  0274.HK 

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