According to Asiaphos, the net book value of the Phase 2 Factory Assets is approximately RMB30.23 million as at Sept 30.
Asiaphos Limited announced, on Oct 31, that it has received the final instalment of RMB11 million ($2.1 million) representing the balance of the consideration for the sale of Phase 2 Factory Assets and an amount of RMB0.882 million representing interest from Sichuan Mianzhu Huaxinfeng Food.
Asiaphos’ subsidiary, Sichuan Mianzhu Norwest Phosphate Co. had, on Nov 29, 2021, entered into a sale and purchase agreement (SPA) with Sichuan Mianzhu Huaxinfeng Food Co. in relation to the proposed disposal of the assets.
