[ET Net News Agency, 17 May 2021] International Business Settlement Holdings Limited
(00147) said its subsidiary Pride Delight Limited has agreed to sell 90% of the issued
share capital of Eagle Mountain Holdings Limited (the target company) for a consideration
of US$3 million.
The target company holds 30% interests in each of Fastmind and Acme Day. Fastmind holds
99% interest in Tunlin and Acme Day holds 1% interest in Tunlin. Tunlin is the sole owner
of all the shares of the project company. The project company is the holder of the mining
licence for the mine in Kyrgyz Republic. (RC)