Subsequent to numerous management discussions, it became apparent that AABB had reached its peak value added level on the GGB property and it would be advantageous for the Company to shift its focus and leverage its resources and experience to duplicate its GGB development success on its Colima, Mexico property. Get the latest business insights from Dun & Bradstreet. Qiangda Investments & Economics & Co., Ltd., is a holding company and facilitating subsidiary of a Chinese owned conglomerate entity. All rights reserved, . This vertical integration approach to sales transactions is the unique strength of Asia Broadband and differentiates the Company to its shareholders. Resources company Asia Broadband, through its wholly-owned subsidiary Asia Metals, has finalised negotiations with joint venture partner Qiangda Investments & Economics for the buyout of mineral. Furthermore, given the capital structure of the Company, sufficient capital funding for expansion would not be attainable or sustainable over time without onerous dilution and loss of control. For licensing permission, . The developer of Magnetic Density Separation based sorting solutions, using engineered magnets and ferromagnetic fluid to recover post-consumer mixed plastics. The schedule consists of a $5 million initial payment that has now been received earning a 6% equity interest, a $9 million minimum payment in 2019 to earn a further 10% interest, a $10 million minimum payment in 2020 to earn a further 12% interest and a $10 million minimum payment in 2021 to earn a further 12% interest. Qiangda Investments & Economics & Co., Ltd., is a holding company and facilitating subsidiary of a Chinese owned conglomerate entity. Fill out our Intake Form today. Mar 1, 2023 11:27 AM, Right On Brands Inc. announces Chief Marketing Officer To get rich, you need a great idea, a great strategy, adequate working capital and disciplined execution of the strategy. This vertical integration approach to sales transactions is the unique strength of Asia Broadband and differentiates the Company to its shareholders. Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. We welcome the views of the many on this journey. And we provide institutions and independent advisors with investment and technology . BTDG Always adhere to " Be a hundred years enterprise, build a hundred years brand " as the development thought . The operating terms include identifying Asian Metals Inc. as the manager of the joint venture and the forming of a management committee with representatives from both parties to oversee, approve and direct budgeting, capital expenditures and decision-making regarding operational processes and expenditures. These statements are based on the Asia Broadband Inc.'s (the "Company") expected current beliefs about the Company's business, which are subject to uncertainty and change. Powered by and Mining Connection LLC. By CNBC's Kenneth KiesnoskiReposted 26 September 2017. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis. Be the change you want to see in the world! The diligent work by everyone in the company over the past 4 months has resulted in us reaching our most significant milestone to date. This vertical integration approach to sales transactions is the unique strength of Asia Broadband and differentiates the Company to its shareholders. To find out more about how we invest for financial resilience, head to our investment stories. (JavaScript must be enabled to view this email address)/*

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