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Asia Power Corporation Ltd announced that AP Hainan has completed the due diligence on Zhili Group, the land and the properties on the land. The due diligence results have shown that the land may be unsuitable for residential use as the land is situated near the Mei Lan airport, the noise level may exceed the regulatory standard. Furthermore, the land may be designated as a site for the fourth phase construction of the airport. In view of the foregoing risks, the company has decided not to proceed with the joint venture to develop property in the Hainan province of the People's Republic of China and has terminated the cooperation framework agreement without any further liability to Zhili Group, Sanlian and Huihai on 10 March 2011.
sgx
Continue to move up while the rest are still dropping!
Further to our announcements in relation to the Placement on 16 January and 25 January 2008, the
Board of Directors of the Company wishes to announce that the 40,000,000 New Shares have today
been allotted and issued pursuant to the Subscription Agreement to Renewable Energy Holdings Private
Limited. The New Shares will be listed and quoted on the Official List of the SGX-ST with effect from
9.00 a.m. on 6 February 2008.
BB willing to pay 33c....share trading at 26c! Vested....7c cheaper than the BB!!
Bullrun.. is that gd or bad news? Pls advise.