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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: ASX: AFA
News: Latest news
Web Site: ASF Group
Other Articles: 28-01-201021-01-201023-09-2009

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Thursday March 18, 09:06The drugs work: Biocompatibles sees further good sales growth ahead

After better-than-expected sales growth in the 2009 full year, the drug-eluting beads maker forecasts more growth this year while the Oncology Products Division revs up the pace of product trials.

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Friday March 19, 01:18Can Europe march towards economic prosperity with a common currency but without a common government?

An apparently disappointed Mr. Papandreou has stated that he may turn to the International Monetary Fund for an emergency loan should the EU fail to provide adequate financial support.

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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ASF Group

ASF Group

ASF Group (ASX: AFA), through its wholly owned subsidiary, ASF Resources Pty Ltd (ASFR), has assembled mineral exploration projects in Australia. ASFR's strategy is to build a portfolio of quality exploration, energy and mining projects and enter partnering and co-investing arrangements with major Chinese mining groups.  The Company has established relationships with a number of major mining groups in China that are interested to invest in Australia's energy & resources sector.

Monday, February 08, 2010

ASF Group raises A$5 million in placement

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ASF Group Limited has placed 40 million fully paid ordinary shares in the company to Suntimes International Limited raising $5,088,000.00 at $0.1272 per share.

Funds will be used to develop ASF's coal trading business and for working capital.

Suntimes will become a major shareholder in ASF, with a 12.97% interest in the issued share capital of the Company. 

Xin Zhang has been appointed as a director of ASF.  Xin Zhang is sole shareholder and director of Suntimes, and was also a founder and controlling shareholder of China Glory International Investment Group (CGIG).  CGIG's investments are in real estate development where it has developed many billions of dollars of properties in China.

 

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