ASF Group Limited
ASF Group Limited (ASX:AFA) said today that its wholly owned entity ASF Energy has entered into an agreement with Shanghai Time Shipping Co Ltd for the supply of coal for shipment to China. Shanghai Time is an associate company of China Huaneng Group Ltd, one of China's largest power conglomerates.
Australian shares fell significantly this morning after the US and European markets shed on concerns over the euro zone's ability to contain its debt crisis. The S&P/ASX 200 index lost nearly 2 per cent shortly after the market opened. On economic news front, today Australian Industry Group releases performance of service index for April, while Australian Bureau of Statistics publishes building approvals data for March.
ABN Newswire stocks to watch today include: AuDAX Resources Limited (ASX:ADX) (PINK:ADXRF), Rex Minerals Limited (ASX:RXM), ASF Group Limited (ASX:AFA) (PINK:ASFTF), Legend Mining Limited (ASX:LEG) (PINK:LGDMF) and Otto Energy Limited (ASX:OEL) (PINK:OTTEF).
ASF Group Limited (ASX:AFA) (PINK:ASFTF) announce further to the Company's ASX announcement on 16 September 2009 concerning its strategic co-operation with Fujian Materials (Group) Co., Ltd ("FMGC"), a Fujian state-owned enterprise, the Company is pleased to announce that, through its wholly-owned subsidiary ASF Energy Pty Limited, it has entered into a Coal Sales Agreement with FMGC for the immediate sale and export of coal to China.
ASF Group Limited (ASX:AFA)(PINK:ASFTF) is pleased to announce that the Board of Directors has approved the issuance of up to 18 million new shares in the Company at not less than market price to a small number of sophisticated investors.
ASF Group Limited (ASX:AFA) Quarterly Activities Report to Dec 31, 2008
ASF Group Limited (ASX: AFA) is pleased to announce that it has signed a Co-operation Framework Agreement with Tianjin Binhai High-Tech Industrial Park where ASF has the right to invest and develop an Australian Science and Technology Park within the Tianjin Binhai High-Tech Industrial Park.