Second Instalment Received From LIDA
TRS INVESTMENTS LTD
Correspondence: Registered Office:
PO Box 26448 Level 2
Epsom Tower Building
Auckland 1344 50 Customhouse Quay
Wellington
21 December 2017
TRS: Market Update on Transaction
On 11 December 2017 TRS Investments Limited (NZX: TRS) announced that TRS
had entered into a term sheet with Shenyang LIDA Agricultural Science and
Technology Group Limited (“LIDA”) of China.
This update is to inform the market that TRS has received a second instalment of
NZ$40,000 today. A total of NZ$80,000 has now been received from LIDA since
the signing of the term sheet including the first instalment. The instalments are
designed to pay for the costs of the transaction as the transaction progresses. The
second instalment will allow TRS to move forward to the next step of the
transaction which is the drafting of a share purchase agreement.
Further details will be released to the market as the transaction progresses.
Joseph van Wijk
Director
Email:
josephvanwijk@xtra.co.nz
Mob: 027 300 9291
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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