BRIEF-Loudong General Nice Resources China announces lapse of 80 pct Equity Interest buy in PRC co

April 12 (Reuters) - Loudong General Nice Resources China

Holdings Ltd

* Lapse Of The Acquisition Of 80 pct Equity Interest In A

Prc Company And Change In Use Of Placing Proceeds

* Vendor will return refundable deposit without interest to

purchaser within 7 business days from long stop date

* Lapse of equity transfer agreement will not have any

material adverse impact on business operation & financial

position of group

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