February 27, 2017 / 8:53 PM / 6 months ago

BRIEF-TRS Investments Ltd announces resignation of director

Feb 28 (Reuters) - Trs Investments Ltd :

* TRS has, in consultation with HuaHan, investigated potential property transactions in New Zealand since their investment in TRS

* HuaHan has now advised that it no longer wishes to pursue transactions in New Zealand with TRS

* Has not received funds from a requested drawdown from HuaHan working capital facility

* "Directors need to undertake further due diligence but believe opportunity appears very good"

* HuaHan's nominee to the TRS board, Hao Sun, has resigned with immediate effect

* TRS has been introduced to a Chinese company with an established business and are interested in reverse listing that business into TRS Source text for Eikon: Further company coverage:

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