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24 Jun 2013 07:00
Resource Holding Management Limited
("RHM" or the "Company")
Cancellation of negotiations over Equity Line Facility
The board of RHM (AIM:RHM), a leading media, advertising and marketing business with distribution channels in Malaysia and China, announces that the Company has decided not to proceed with putting in place an equity line facility ("ELF") with Dutchess Opportunity Cayman Fund, Ltd ("Dutchess"), for which a non-binding term sheet was signed by both parties and announced by RHM on 10 May 2012. Terms were not agreed between the board of RHM and Dutchess. The Company has decided not to proceed with the ELF because it does not deem the ELF to be suitable for the Company at the current stage of its development.
For further information please contact:
Resource Holding Management Limited | |
Cheong Chia Chieh | Tel: +6012 329 5522 |
Allenby Capital Limited (Nominated Adviser and Broker) | |
Nick Athanas / James Reeve | Tel: +44 (0)203 328 5656 |
Leander PR (Financial PR) | |
Christian Taylor-Wilkinson | Tel: +44 (0)7795 168 157 |
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