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BRIEF-CWH Resources says Luo removed charge over co's assets that ABC had in place

Published 20/04/2016, 06:52 pm
© Reuters.  BRIEF-CWH Resources says Luo removed charge over co's assets that ABC had in place

April 20 (Reuters) - CWH Resources Ltd CWH.AX :

* Some of the fixed assets of chbm have been pledged for co's loans of RMB 9.5 million from Agricultural Bank of China

* Loan was never pursued by ABC and thus, with deed of indemnity was transferred to Luo, company chairman

* Luo has now been able to remove the charge over the company assets that ABC had in place

* Assets of CHBM are now unencumbered

* Source text for Eikon ID:nASX2LYWb2

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