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BRIEF-Asia Resources's unit terminates deal with Shi Zhong Zhan Investment Development
January 18, 2017 / 12:52 PM / 8 months ago

BRIEF-Asia Resources's unit terminates deal with Shi Zhong Zhan Investment Development

Jan 18 (Reuters) - Asia Resources Holdings Ltd

* Refers to announcement dated 15 April 2015 in relation to acquisition of certain properties

* Purchaser has exercised its rights to terminate acquisition agreements by serving a termination notice to vendor

* Refund for termination in amount of RMB274 million

* Termination of acquisition agreements has no material adverse impact on existing business of group

* Purchaser is a unit; Guangzhou Shi Zhong Zhan Investment Development Company is the vendor Source text for Eikon: Further company coverage:

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