HAZ 0.00% 4.0¢ hazelwood resources ltd

Killing silence, page-17

  1. 4,382 Posts.
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    Think it is 60%.
    From annual report "Hazelwood owns a 60% interest in Asia Tungsten Products Co. Ltd (ATC)."
    I thought I had read the terms for taking up the remainder somewhere but will have to go and dig for it.

    The other 40% is owned by
    "Mr Chen Guang Yu holds a 40% interest in the Asia Tungsten Products Group. The balance of Mr Chen’s loan account at 30 June 2014 is: Principal $2,818,004, Interest $685,462 refer Note 15 and 11."

    So at a minimum his loan will have to be paid out...
 
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