Investment house seeking Asian opportunities

INVESTMENT house Asset Backed Holdings, which holds a 42.5% stake in Chistmas Island miner Phosphate Resources Ltd (PRL), has taken a major step towards becoming an Asia-focused mining and chemical house with shareholders backing a move to rename the company CI Resources.

Investment house seeking Asian opportunities Investment house seeking Asian opportunities Investment house seeking Asian opportunities Investment house seeking Asian opportunities Investment house seeking Asian opportunities

It is also in the midst of bedding down a scheme of arrangement that will merge it with PRL to create an Australian Stock Exchange listed entity with annual revenues of about $50 million.

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