Vietnam: Yue Da Mining has said that the agreement for the proposed acquisition of a titanium slag business in Vietnam has lapsed as certain conditions were not fulfilled on 31 December 2014 and the long stop date was not further extended. Yue Da Mining believes that the termination will not have any adverse impact on its existing business.
In other news, Wang Lian Chun has been appointed as non-executive director and a chairman of the Yue Da Mining board. Chen Yunhua tendered his resignation as non-executive director and chairman due to retirement. Dong Li Yong also tendered his resignation as non-executive director and vice chairman of the Board due to personal commitment.
