Asian Activities Report for January 3, 2012: C C Land Holdings Limited (HKG:1224) Seeks Spin-off and Hong Kong Listing of Packaging Business
Australian exploration and development company KBL Mining Limited (ASX:KBL) has signed a Memorandum of Framework Cooperation with Guangdong Guangxin Mining Resource Group Co. Ltd ("GMR"), whereby GMR will acquire a 25% interest in KBL's wholly-owned Mineral Hill copper/gold/silver/lead/zinc mine and Iron Duke copper-gold project in central New South Wales for A$80 million, and a 15% shareholding in KBL. GMR will also be entitled to the purchase of cooper concentrates from the Mineral Hill mine at a discounted rate. KBL will use the funds provided by this transaction to further develop the Mineral Hill mine, advance the Iron Duke project, and develop the Sorby Hills silver-lead-zinc project in Western Australia.
SOHO China Limited (HKG:0410) has signed an agreement to purchase the Bund 8-1 Land in Shanghai. The Bund 8-1 Land is ideally located on the bank of the Huangpu River, facing Pudong's Global Financial Centre and Jinmao Tower across the river. The Land covers 45,472 square metres and is planned for mixed office, retail, financial, art and culture spaces.
SOHO China Limited
KBL Mining Ltd
C C Land Holdings Limited