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00061 GREEN LEADER
RTNominal down0.064 -0.001 (-1.538%)
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16/12/2011 11:46

North Asia Res (00061) redeems US$13m convertible bonds

North Asia Resources (00061) said it has
received redemption letters from Business Ally and Grandwin Enterprises on 30 November
2011, requesting for the redemption of the convertible bonds.
North Asia Resources has yesterday fully redeemed the US$3 million convertible bonds and
the US$10 million convertible bonds plus accrued unpaid interest.
North Asia Resources in the course of negotiations with Business Ally in relation to the
US$30 million convertible bonds which may involve possible alteration of the terms. (HL)

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